Jul. 31 at 11:56 AM
$ELBM I'm not saying that one should be buying here, but here are some considerations. The key date to keep in mind is:
September 14, 2026 — Electra's current deadline to regain compliance with Nasdaq's
$1.00 minimum bid price. To regain compliance, the stock generally must close at or above
$1.00 for at least 10 consecutive business days. The borad has flexibility but I think they do the 1/6 reverse split late August.
Cash on hand: approximately C
$40.2 million
Remaining refinery construction budget: US
$73 million (about C
$100 million)
Where the rest of the money comes from?
Management states they have arranged approximately US
$82 million of funding for the refinery, including:
US
$20 million from the U.S. Department of Defense
US
$28 million from the Government of Canada and Invest Ontario
US
$34 million from the October 2025 equity financing
"The Company believes it has sufficient committed capital and liquidity to achieve mechanical completion."
