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Electrovaya Secures $20M Credit Facility from Bank of Montreal to Accelerate Growth and Reduce Costs

1. Electrovaya secures $20M credit facility for growth initiatives. 2. Facility reduces costs and supports US-Canadian operations.

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Why Bullish?

The credit facility enhances Electrovaya's financial stability and growth potential. Historically, similar financing measures have led to increased investor confidence and stock price appreciation.

How important is it?

The credit facility directly impacts Electrovaya's operations and capital costs, likely improving profitability. Its long-term strategic value makes it highly significant for investors.

Why Long Term?

This funding supports expansion plans, indicating potential revenue growth over several years. Past examples show significant stock price boosts tied to strategic financing.

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Three year term includes an accordion of US$5.0 million expansion option to fuel future growth Lower-cost facility replaces existing debt, reducing servicing costs Supports operations in both the United States and Canada and enables financing from the United States Export-Import Bank ("EXIM") for Jamestown manufacturing investments TORONTO, ONTARIO / ACCESS Newswire / March 10, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it has closed a credit agreement with the Bank of Montreal Corporate Finance ("BMO") for a senior secured asset based lending facility (the "Facility") which includes a three year term and which includes the following features: Revolving asset based facility of US $20.0 Million Accordion of US $5.0 million to support further growth when required Ancillary credit products for foreign currency hedging and credit cards This facility lowers Electrovaya's cost of capital with reduced interest rates and fees, strengthening its financial position for expansion. The new Facility, with an initial three year term, will support Electrovaya's growth plans over the next few years and includes lending capabilities for both Electrovaya's US and Canadian operations.

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