Electra Battery Materials Corp: Strategic Positioning and Financial Readiness Drive Buy Rating
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Heiko Ihle from H.C. Wainwright reiterated a Buy rating for Electra Battery Materials Corp, with a price target lowered to $2.10. The company's strategic positioning and financial readiness, including $82 million raised for its cobalt sulfate refinery, support this rating. Despite a slight price target decrease due to dilution, the company's valuation remains strong, with a NAV of $500.5 million. Near-term catalysts and the value of the Iron Creek asset further reinforce the positive outlook.
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