TORONTO, Sept. 12, 2025 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) announces the detailed terms of its previously announced US$30 million financing in connection with its ongoing financial restructuring (the “Restructuring”) with the holders of senior secured convertible notes (the “Lenders”). The Company has entered into an engagement letter with Cantor Fitzgerald Canada Corporation (“Cantor”) and ECM Capital Advisors Ltd. (together wi ...

Core Insights - American Battery Technology Company (ABTC) has been awarded "Recycling Technology Solution of the Year" by CleanTech Breakthrough, recognizing its advancements in battery recycling technology and contributions to a circular supply chain for critical battery materials [1][2] Group 1: Technology and Innovation - ABTC's innovative "de-manufacturing" recycling process utilizes selective hydrometallurgical processing, allowing for high recovery rates of critical materials such as lithium, nickel, cobalt, manganese, copper, and aluminum [3][4] - The two-phase recycling process produces recycled materials in the first phase and refines them into battery-grade products like nickel sulfate and lithium hydroxide in the second phase [3][4] Group 2: Strategic Milestones - ABTC has established a feedstock-agnostic system capable of processing various lithium-ion battery sizes and chemistries, demonstrating sustainable practices with reduced waste and lower environmental impact compared to conventional methods [4] - The company was recognized as the sole winner of the Battery Recycling Circularity Challenge in 2019, highlighting its innovative recycling technologies [5] - In 2021, ABTC received a grant to demonstrate its integrated lithium-ion battery recycling system, focusing on producing battery-grade metals from recycled materials at lower costs and environmental impacts [5] Group 3: Commercialization and Operations - ABTC commenced commercial operations of its recycling technologies in 2023, with its first facility processing lithium-ion batteries and producing intermediate materials like black mass [6][8] - The company has transitioned to 24/7 operations, achieving key milestones such as sourcing large-scale batteries from automotive OEMs and producing low-impurity intermediate black mass material [6][7] - ABTC plans to enhance production quality and scale operations, targeting greater efficiencies and sustainable practices [6][8] Group 4: Future Developments - In 2024, ABTC announced a $144 million grant from the U.S. DOE to construct a second commercial-scale lithium-ion battery recycling facility, which will increase processing capacity by 100,000 tonnes per year [12] - The new facility aims to scale operations fivefold and implement strategic de-manufacturing and chemical extraction processes for battery-grade products [12]