Electra (NASDAQ: ELBM; TSX-V: ELBM) reported Q2 2026 updates on its capital markets and equity participation programs.
Employees bought 26,256 shares under the ESP, matched by 26,256 company shares. Non-employee directors received 91,954 DSUs. Under its US$25 million ATM, Electra issued 3,009,295 shares for US$2.1 million gross, paying about US$70,000 in commissions.
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Positive
Employees purchased 26,256 shares under ESP, matched by 26,256 company shares
91,954 deferred share units granted to non-employee directors based on market price
US$2.1 million gross proceeds raised via ATM issuance in Q2 2026
Flexibility to issue up to US$25 million of common shares under ATM program
Average ATM issuance price since inception of US$0.88 per share
Negative
Shareholder dilution from 3,009,295 new common shares issued under ATM in Q2 2026
Approximately US$70,000 of commissions paid on ATM distributions during the quarter
News Market Reaction – ELBM
+0.39%
4 alerts
+0.39%Session close to close
$59.35MMarket Cap
0.3xRel. Volume
In the Jul 7 session, ELBM gained 0.39%, reflecting a mild positive market reaction.
Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility.
This update emphasized insider alignment through 26,256 employee share purchases and 91,954 DSUs whi...
Analysis
This update emphasized insider alignment through 26,256 employee share purchases and 91,954 DSUs while raising US$2.1M by issuing 3,009,295 ATM shares. Investors may weigh balance-sheet flexibility against continued equity overhang from the resale shelf.
Key Figures
Employee ESP purchases:26,256 common sharesCompany ESP matching shares:26,256 common sharesDirector DSU grant:91,954 DSUs+5 more
8 metrics
Employee ESP purchases26,256 common sharesShares bought by employees in Q2 2026 under ESP
Company ESP matching shares26,256 common sharesShares acquired by company to match ESP purchases in Q2 2026
Director DSU grant91,954 DSUsGranted to non-employee directors on June 30, 2026
ATM capacityUS$25 millionMaximum common shares issuable under ATM program from treasury
ATM gross proceedsUS$2.1 millionRaised in quarter ended June 30, 2026 via ATM
ATM shares issued3,009,295 common sharesShares sold on Nasdaq under ATM in Q2 2026
Quarter ATM priceUS$0.68 per shareWeighted average ATM issuance price in Q2 2026
ATM average price since inceptionUS$0.88 per shareAverage issuance price under ATM program to date
Awarded C$25M solvent extraction building contract while staying on budget and schedule.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent news has produced mixed reactions, with project and refinery updates often greeted positively while governance and capital-structure items have sometimes drawn selling.
"its at‑the‑market equity program (“ATM”) and equity participation"
An at-the-market equity program lets a company sell newly issued shares directly into the open market at the current trading price through a broker, rather than in a single, prearranged block. It provides flexible, on-demand access to cash—like drawing small amounts from a credit line—but increases the number of shares outstanding, which can reduce existing shareholders’ ownership percentage and put downward pressure on the stock price, so investors monitor program size and pacing.
employee share purchase programfinancial
"Under the Company’s Employee Share Purchase Program (“ESP”), a total"
An employee share purchase program is a company-run plan that lets workers buy the company's stock, often through payroll deductions, discounts, or matching contributions. It matters to investors because widespread employee ownership can affect a company's share demand, insider selling patterns, and alignment of worker and shareholder interests—similar to customers who also own a shop, employees who own stock change the dynamics of loyalty and long-term ownership.
deferred share unitsfinancial
"the Company granted 91,954 deferred share units (“DSUs”) to its non‑employee directors"
Deferred share units are promises that give an executive or director the right to receive company shares or their cash value at a future date, often when they retire or leave the company. Think of them as a paycheck held in a savings account that converts into stock later; they matter to investors because they tie pay to long-term performance, create potential future dilution of shares, and represent a delayed cash or share obligation the company must eventually fulfill.
volume adjusted weighted averagefinancial
"ESP purchases were made at the five-day volume adjusted weighted average"
A volume adjusted weighted average is a type of average where each data point (often a price) is given weight according to the amount of trading volume at that point, so values with more activity count more than thinly traded outliers. For investors it shows the price level where most trading occurred — like finding the temperature most people experienced during a day rather than a single spike — which helps summarize market behavior more reliably than a simple mean.
treasuryfinancial
"issue and sell, from time to time, up to US$25 million of its Common Shares from treasury"
The treasury is the department or area within a government or organization responsible for managing its money, finances, and financial strategies. It handles tasks like collecting revenue, paying bills, and planning for future financial needs, much like a household manages its budget. For investors, understanding the treasury is important because it influences interest rates, government spending, and overall economic stability.
TORONTO, July 06, 2026 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today provided a quarterly update on some of its capital markets programs, including its at‑the‑market equity program (“ATM”) and equity participation by employees and directors.
Under the Company’s equity participation programs, employees and directors continue to align with shareholders through market‑based equity ownership. Under the Company’s Employee Share Purchase Program (“ESP”), a total of 26,256 common shares (“Common Shares”) were purchased by employees during the second quarter, with a corresponding 26,256 Common Shares acquired by the Company in accordance with the program. Employee participation included meaningful purchases by Company management. The ESP, as approved by shareholders at the Company’s annual general meeting held June 23, 2026, enables employees to acquire Common Shares. ESP purchases were made at the five-day volume adjusted weighted average as of June 30.
Also on June 30, 2026, the Company granted 91,954 deferred share units (“DSUs”) to its non‑employee directors pursuant to its Deferred Share Unit Plan. The DSUs are intended to further align the interests of the Board of Directors with those of shareholders. Consistent with this alignment, DSUs are granted based on the market price as at June 30 and will be settled in Common Shares upon a director ceasing to serve on the Board, in accordance with the terms of the plan.
The ATM program, launched in late 2025, provides the Company with flexibility to issue and sell, from time to time, up to US$25 million of its Common Shares from treasury at the Company’s discretion, pursuant to an agreement with H.C. Wainwright & Co., LLC.During the quarter ended June 30, 2026, the Company generated gross proceeds of approximately US$2.1 million through the issuance of 3,009,295 Common Shares under the ATM on the Nasdaq Stock Market LLC at a weighted average price of US$0.68 per Common Share. The most recent transaction under the ATM was on June 2, 2026. Since inception, the Company’s average issuance price under the ATM is US$0.88 per Common Share. Commissions of approximately US$70,000 were paid in connection with these distributions during the quarter.
About Electra Battery Materials
Electra is a leader in advancing North America’s critical minerals supply chain for lithium-ion batteries. The Company’s primary focus is constructing North America’s only cobalt sulfate refinery, as part of a phased strategy to onshore critical minerals refining and reduce reliance on foreign supply chains. In addition to the Refinery, Electra holds a significant land package in Idaho’s Cobalt Belt, including its Iron Creek project and surrounding properties, positioning the Company as a potential cornerstone for North American cobalt and copper production.
Electra is also advancing black mass recycling opportunities to recover critical materials from end-of-life batteries, while continuing to evaluate growth opportunities in nickel refining and other downstream battery materials. For more information, please visit www.ElectraBMC.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FAQ
What capital was raised by Electra (ELBM) through its ATM in Q2 2026?
Electra raised approximately US$2.1 million in gross proceeds via its ATM in Q2 2026. According to Electra, this came from issuing 3,009,295 common shares on Nasdaq at a weighted average price of US$0.68 per share.
How many new shares did Electra (ELBM) issue under the ATM program in Q2 2026?
Electra issued 3,009,295 common shares under its ATM during Q2 2026. According to Electra, these shares were sold on Nasdaq at a weighted average price of US$0.68, generating about US$2.1 million in gross proceeds and US$70,000 in commissions.
What is the total capacity of Electra (ELBM)'s at-the-market equity program?
Electra’s ATM program allows issuance of up to US$25 million of common shares. According to Electra, the facility, launched in late 2025 with H.C. Wainwright, provides flexibility to sell treasury shares on the market at the company’s discretion.
How is employee share ownership changing at Electra (ELBM) in Q2 2026?
Electra employees purchased 26,256 common shares under its Employee Share Purchase Program in Q2 2026. According to Electra, the company acquired a corresponding 26,256 shares for the program, with purchases made at the five-day volume-weighted average price as of June 30, 2026.
What equity did Electra (ELBM) grant to non-employee directors in June 2026?
On June 30, 2026, Electra granted 91,954 deferred share units (DSUs) to non-employee directors. According to Electra, these DSUs are based on the June 30 market price and will be settled in common shares when a director leaves the board, aligning interests with shareholders.
What were the commission costs on Electra (ELBM)'s Q2 2026 ATM activity?
Electra paid approximately US$70,000 in commissions on its Q2 2026 ATM share sales. According to Electra, these commissions relate to distributions of 3,009,295 common shares that raised about US$2.1 million in gross proceeds at a weighted average price of US$0.68.
