Electra Battery Materials raises $2.1M via ATM share sales in Q2

Electra Battery Materials Corporation (NASDAQ: ELBM) issued 3,009,295 common shares through its at-the-market equity program during the quarter ended June 30, 2026, generating gross proceeds of approximately $2.1 million on the Nasdaq Stock Market at a weighted average price of $0.68 per share.

The ATM program, launched in late 2025, allows the company to issue and sell up to $25 million in common shares from treasury. Commissions of approximately $70,000 were paid during the quarter. The most recent ATM transaction occurred on June 2, 2026. Since the program's inception, the average issuance price has been $0.88 per share.

Under the company's Employee Share Purchase Program, employees purchased 26,256 common shares during the second quarter, with the company acquiring a corresponding 26,256 shares in accordance with the program. The program was approved by shareholders at the annual general meeting held June 23, 2026. Purchases were made at the five-day volume adjusted weighted average price as of June 30.

On June 30, 2026, the company also granted 91,954 deferred share units to its non-employee directors under its Deferred Share Unit Plan. The units will be settled in common shares upon a director ceasing to serve on the board.

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