Electra Battery Materials Corp (ELBM) Form 6-K — Nov 9, 2026
Electra Battery Materials reported Q3 2026 net income of C$4.6M and nine-month net income of C$41.8M, but both were driven almost entirely by a C$59.0M non-cash gain on revaluing its US warrant liabilities; the underlying operating loss for the nine months was C$12.2M. The company ended the quarter with C$23.5M in cash (down from C$39.0M at year-end) and roughly C$82.8M in total liquidity including C$59.3M of government contributions, and disclosed going-concern doubt, stating it requires additional capital for commissioning and working capital.
Key figures
- Eps
- 0.4
- Net Income
- C$41,809 thousand (nine months); C$4,639 thousand (Q3)
- Total Debt
- C$42,561 thousand term loan carrying value (C$43,771 incl. PIK)
- Total Assets
- C$198,795 thousand
- Cash Position
- C$23,543 thousand
- Q3 basic eps
- 0.04
- Term loan rate
- 8.99% cash / 11.125% PIK
- Shares outstanding
- 107024823
- Term loan maturity
- October 2028
- Accumulated deficit
- C$366,548 thousand
- Nine month net income
- C$41,809 thousand
- Atm proceeds nine months
- C$9,109 thousand
- Nasdaq compliance deadline
- March 15, 2027
- Operating loss nine months
- C$12,190 thousand
- Cash used in operations nine months
- C$8,331 thousand
- Warrant fair value gain nine months
- C$59,017 thousand
AI analysis
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