Electra Battery Materials Corporation filed its financial results for the second quarter ended June 30, 2025, on August 15, 2025. The company reported a cash position of C$3 million at the end of the quarter.
During the quarter, Electra launched early works activities to prepare for the resumption of construction of its cobalt refinery and began metallurgical testing of domestic cobalt feedstock. It also completed a feasibility level Class 3 Engineering Study for a new battery recycling facility.
Subsequent to June 30, 2025, Electra received a temporary waiver from the holders of its senior secured debt to reduce the reportable minimum liquidity balance to US$1 million. The company has commenced discussions with debtholders and prospective investors regarding potential consensual transactions to strengthen liquidity.
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