Electra Battery Materials returns to profit in Q1 FY26; net income CAD 28.14 million

Electra Battery

Electra Battery

ELBM

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  • Electra Battery Materials swung to net income of CAD 28.14 million for the three months ended March 31, 2026, from a net loss of CAD 12.68 million a year earlier.
  • Operating loss widened to CAD 3.84 million from CAD 3.76 million.
  • Non-operating results included CAD 33.31 million from changes in fair value of US warrants, while other non-operating loss narrowed to CAD 1.32 million from CAD 3.86 million.
  • Cash and cash equivalents edged up to CAD 40.16 million at March 31, 2026 from CAD 39.02 million at Dec. 31, 2025, while cash used in operating activities totaled CAD 4.08 million.
  • Net proceeds of CAD 6.27 million were raised under its at-the-market program, while a binding Strategic Resource Fund investment agreement signed March 31 provides up to CAD 20 million in federal funding toward eligible project costs.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Electra Battery Materials Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001171843-26-003398), on May 14, 2026, and is solely responsible for the information contained therein.