Core Viewpoint - Electra Battery Materials Corporation has initiated an At the Market Offering (ATM) to raise up to US$5,500,000 through the sale of common shares, with a cash commission of 3.0% payable to H.C. Wainwright & Co. for their services [1][4]. Group 1: Offering Details - The ATM is established under a previously announced agreement with H.C. Wainwright & Co., allowing the company to sell common shares at its discretion [1]. - The offering is registered in the United States under a registration statement filed with the SEC, which was declared effective on December 11, 2025 [2]. - Sales of common shares will occur at market prices on the Nasdaq Stock Market, and no shares will be sold on the TSX Venture Exchange or other Canadian markets [3]. Group 2: Use of Proceeds - The company intends to utilize the net proceeds from the ATM as outlined in the Prospectus [4]. Group 3: Company Overview - Electra Battery Materials is focused on advancing North America's critical minerals supply chain for lithium-ion batteries, with a primary project being the construction of North America's only cobalt sulfate refinery [6]. - The company holds significant land in Idaho's Cobalt Belt, positioning itself as a key player in North American cobalt and copper production [6]. - Electra is also exploring black mass recycling to recover critical materials from end-of-life batteries and evaluating growth opportunities in nickel refining and other battery materials [7].
Electra Establishes At-The-Market Offering