Electra Receives Extension from NASDAQ to Resolve Minimum Price Requirement

Electra secures more time from Nasdaq to restore its share price above the US$1.00 minimum bid without immediate impact on trading or operations.

Rhea-AI Summary

Electra Battery Materials (ELBM) received a further 180-day period from Nasdaq, until March 15, 2027, to regain compliance with the US$1.00 minimum bid price requirement for continued listing. There is no immediate effect on the listing or trading of its common shares on Nasdaq, and operations are unchanged.

Electra currently meets Nasdaq’s other listing standards, including market value of publicly held shares, and has notified Nasdaq of its intention to cure the deficiency, potentially via a reverse stock split. Compliance can be regained if the closing bid is at or above US$1.00 for at least 10 consecutive business days before the deadline. The extension does not affect the listing of the shares on the TSX Venture Exchange.

Positive

• Nasdaq grants 180-day extension to regain US$1.00 minimum bid compliance
• Company meets all other Nasdaq Capital Market listing requirements, including market value
• TSX Venture Exchange listing is explicitly unaffected by the Nasdaq extension

Negative

• Shares remain below Nasdaq’s US$1.00 minimum bid price requirement
• Potential need to implement a reverse stock split to cure the bid-price deficiency
• Risk of Nasdaq non-compliance persists if US$1.00 bid is not met by March 15, 2027

Market Context

ELBM closed at $0.527, up 0.92% before publication; the extension addressed a Nasdaq deficiency whil...

Analysis

ELBM closed at $0.527, up 0.92% before publication; the extension addressed a Nasdaq deficiency while leaving trading unaffected immediately. An Aug 12 filing had disclosed the prior September 14, 2026 compliance deadline.

Key Figures

Extension period: 180 calendar days Compliance deadline: March 15, 2027 Minimum bid requirement: US$1.00 per Share +1 more

Extension period

180 calendar days

Additional Nasdaq compliance period

Compliance deadline

March 15, 2027

Deadline to regain Nasdaq minimum bid compliance

Minimum bid requirement

US$1.00 per Share

Nasdaq continued-listing requirement

Required bid duration

10 consecutive business days

Minimum period at or above US$1.00

Historical Context

1 past event · Latest: Aug 12

1 event

1. Aug 12

   Q2 2026 results

   24h Move

   +0.0%

   Earlier filing disclosed Nasdaq minimum bid deficiency and September 14, 2026 compliance deadline.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

minimum bid price requirement, reverse stock split, nasdaq capital market

3 terms

minimum bid price requirement regulatory

"regain compliance with Nasdaq’s $1.00 minimum bid price requirement"

A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.

reverse stock split financial

"by effecting a reverse stock split, if necessary"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

nasdaq capital market regulatory

"initial listing on The Nasdaq Capital Market"

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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TORONTO, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”), today announced that it has received notice from The Nasdaq Stock Market LLC (“Nasdaq”) that the Company is eligible for an additional 180-calendar-day period, or until March 15, 2027 (the “Extension”), to regain compliance with Nasdaq’s $1.00 minimum bid price requirement (the “Minimum Bid Price Requirement”) for continued listing on Nasdaq.

The Extension has no immediate effect on the listing or trading of the Company’s common shares (the “Shares”) on Nasdaq, and the Company's operations are not affected by the receipt of the Extension.

Nasdaq’s determination is based on the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on The Nasdaq Capital Market, other than the Minimum Bid Price requirement, together with the Company’s written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary.

If at any time before March 15, 2027, the closing bid price of the Shares is at or above US$1.00 per Share for a minimum of 10 consecutive business days, the Company will be eligible to regain compliance with the Minimum Bid Requirement, subject to Nasdaq’s discretion to require a longer compliance period. The Extension does not have any impact on the listing of the Shares on the TSX Venture Exchange.

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.

Contact
Heather Smiles
Vice President, External Affairs & Corporate Development
Electra Battery Materials
info@ElectraBMC.com
1.416.900.3891

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.

Cautionary Note Regarding Forward-Looking Statements

This news release may contain forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as “plans”, “expects”, “estimates”, “intends”, “anticipates”, “believes” or variations of such words, or statements that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “be achieved”. Forward-looking statements are based on certain assumptions, and involve risks, uncertainties and other factors that could cause actual results, performance, and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are set forth in the management discussion and analysis and other disclosures of risk factors for Electra Battery Materials Corporation, filed on SEDAR+ at www.sedarplus.com and with EDGAR at www.sec.gov. There can be no assurance that the Company will regain compliance with the Minimum Bid Price Requirement within the applicable compliance period or at all. Although the Company believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What must Electra do to regain compliance with Nasdaq’s minimum bid price requirement?

Electra can regain compliance if, at any time before March 15, 2027, the closing bid price of its common shares is at or above US$1.00 per share for a minimum of 10 consecutive business days, subject to Nasdaq’s discretion to require a longer compliance period.

Does the Nasdaq extension affect Electra’s operations or trading on other exchanges?

The extension has no immediate effect on Electra’s operations or the listing and trading of its common shares on Nasdaq, and it does not impact the listing of the shares on the TSX Venture Exchange.

How does Electra plan to address the bid-price deficiency if needed?

Electra has provided written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary.