Electra Battery Materials Corp. Files 2024 Annual Report
Ticker: ELBM · Form: 20-F · Filed: Apr 24, 2025 · CIK: 1907184
Sentiment: bearish
Topics: annual-report, debt, convertible-notes
TL;DR
Electra Battery Materials Corp. 2024 20-F shows $1.58B assets vs $1.86B liabilities, with convertible notes due 2027/2028.
AI Summary
Electra Battery Materials Corp. filed its 20-F for the fiscal year ending December 31, 2024. The company, incorporated in A6 and headquartered in Toronto, Canada, operates in the miscellaneous electrical machinery sector. Key financial figures include total assets of $1,582 million and total liabilities of $1,859 million. The filing details convertible notes with maturities in 2028 and 2027, and associated royalty payments.
Why It Matters
This filing provides investors and stakeholders with a comprehensive overview of Electra Battery Materials Corp.'s financial health and operational status for the fiscal year 2024, including details on its debt obligations.
Risk Assessment
Risk Level: medium — The company's liabilities exceed its assets, indicating potential financial strain.
Key Numbers
- $1,582 — Total Assets (As of December 31, 2024)
- $1,859 — Total Liabilities (As of December 31, 2024)
- 2028 — Convertible Note Maturity (Indicates future debt obligations)
- 2027 — Convertible Note Maturity (Indicates future debt obligations)
Key Players & Entities
- Electra Battery Materials Corp (company) — Filer of the 20-F
- 20241231 (date) — Fiscal year end
- 20250424 (date) — Filing date
- Toronto (location) — Company headquarters
- A6 (location) — State of incorporation and country
- 2028 (date) — Maturity year for convertible notes
- 2027 (date) — Maturity year for convertible notes
FAQ
What is the total shareholder equity for Electra Battery Materials Corp. as of December 31, 2024?
The filing indicates total assets of $1,582 million and total liabilities of $1,859 million. Shareholder equity would be Assets - Liabilities, resulting in a deficit of $277 million.
What are the specific amounts of the convertible notes maturing in 2027 and 2028?
The filing mentions convertible notes with maturities in 2028 and 2027, but does not specify the exact principal amounts for each maturity year in the provided snippet.
What is the estimated royalty payment amount associated with the 2028 Notes offering?
The filing states that royalty payments are estimated amounts associated with the royalty agreements entered into with the convertible debt holders as part of the 2028 Notes offering, but the specific estimated amount is not provided in the snippet.
What is the company's SIC code and what industry does it represent?
The company's SIC code is 3690, which corresponds to Miscellaneous Electrical Machinery, Equipment & Supplies.
When was Electra Battery Materials Corp. incorporated and where is its principal executive office located?
The company's state of incorporation is A6, and its principal executive office is located in Toronto, Canada.
Filing Details
This Form 20-F (Form 20-F) was filed with the SEC on April 24, 2025 regarding Electra Battery Materials Corp (ELBM).