Quarterly UpdatesJul 6, 2026, 04:46 PM
Electra Battery Materials Raises $2.1M via ATM Program
AI Summary
Electra Battery Materials provided a quarterly update on its capital markets programs. The company generated approximately US$2.1 million in gross proceeds by issuing 3,009,295 Common Shares under its at-the-market (ATM) equity program during the second quarter, at a weighted average price of US$0.68 per share. Additionally, employees purchased 26,256 Common Shares through the Employee Share Purchase Program, and 91,954 Deferred Share Units were granted to non-employee directors to further align interests with shareholders.
Key Highlights
- Generated gross proceeds of approximately US$2.1 million from ATM program.
- Issued 3,009,295 Common Shares under the ATM program.
- Weighted average price for ATM shares during the quarter was US$0.68 per share.
- Paid approximately US$70,000 in commissions for ATM distributions during the quarter.
- Employees purchased 26,256 Common Shares under the Employee Share Purchase Program (ESP).
- Granted 91,954 Deferred Share Units (DSUs) to non-employee directors.
Price Impact
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