Electra Provides Quarterly Update on Capital Markets Activity and Equity Participation Programs

Electra Battery Materials Corporation (ELBM) provided a quarterly update on its capital markets programs, specifically detailing activity under its At-the-Market (ATM) equity program and internal equity participation plans for employees and directors. The company reported no material operational updates, financial results, or strategic developments outside of routine administrative equity issuances and director compensation.

During the quarter ended June 30, 2026, the company generated gross proceeds of approximately US$2.1 million through its ATM program. This activity involved the issuance of 3,009,295 Common Shares on the Nasdaq Stock Market LLC at a weighted average issuance price of US$0.68 per Common Share. Commissions paid for these transactions totaled approximately US$70,000. The most recent ATM transaction occurred on June 2, 2026. Since the program's inception in late 2025, the average issuance price is US$0.88 per Common Share. The program limit remains up to US$25 million of Common Shares from treasury.

In addition to the ATM activity, Electra Battery Materials reported on its Employee Share Purchase Program (ESP). During Q2 2026, 26,256 Common Shares were purchased by employees, with an equivalent number of shares acquired by the Company in accordance with the program. These purchases were made at the five-day volume adjusted weighted average price as of June 30, 2026. The program was approved by shareholders at the AGM held on June 23, 2026.

Regarding director compensation, the company granted 91,954 Deferred Share Units (DSUs) to non-employee directors on June 30, 2026. These grants were based on the market price as at June 30, 2026, and are to be settled in Common Shares upon a director ceasing service.