Electra Battery Materials CEO Trent Mell joined Steve Darling from Proactive to share news the company has announced an offtake agreement with Glencore for the nickel and cobalt produced at its recycling plant in Phase 2 of the Battery Material Park development.
Mell telling Proactive, Glencore is the dominant purchaser of black mass in the North American market and Nickel and cobalt are the majority of the revenue stream from black mass refining which will be a focus at the facility.
Mell also told Proactive the company has taken steps needed for a potential listing on the Nasdaq Stock Market. The company will undertake a consolidation of its outstanding common share capital on the basis of 1 post-Consolidation share for every 18. The company is looking to compete the consolidation by April 11 and then Electra hopes to complete the Nasdaq listing by the end of April
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