Electra Battery Materials (NASDAQ: ELBM) updates ATM share sales and insider equity plans

Rhea-AI Filing Summary

Electra Battery Materials Corporation reported quarterly activity in its capital markets programs, highlighting employee and director equity participation and use of its at-the-market equity facility. During the second quarter, employees purchased 26,256 common shares through the Employee Share Purchase Program, matched by 26,256 shares acquired by the Company under the plan.

The Company also granted 91,954 deferred share units to non-employee directors based on the June 30 market price, to be settled in common shares when directors leave the Board. Under its US$25 million at-the-market program, Electra issued 3,009,295 common shares on Nasdaq at a weighted average price of US$0.68, raising approximately US$2.1 million in gross proceeds and paying about US$70,000 in commissions.

Insights

Capital markets and equity structure analyst

Electra modestly taps its ATM while boosting insider equity alignment.

Electra Battery Materials is using multiple equity tools at once. Employee share purchases and matched company acquisitions, plus 91,954 director deferred share units, increase internal ownership that tracks market pricing and vests over board service.

The at-the-market facility, sized at up to US$25 million, generated about US$2.1 million this quarter via 3,009,295 shares at US$0.68, with roughly US$70,000 in commissions. This provides incremental funding while spreading issuance over time and prices.

Actual dilution and balance-sheet impact depend on total shares outstanding and future ATM usage, which are not detailed here. Subsequent company communications may clarify how proceeds support its cobalt sulfate refinery, Idaho assets, or black mass initiatives.

Key Figures

ATM program capacity: US$25 million Quarterly ATM gross proceeds: US$2.1 million ATM shares issued: 3,009,295 common shares +5 more

8 metrics

ATM program capacity US$25 million Maximum common shares issuance under at-the-market facility

Quarterly ATM gross proceeds US$2.1 million Quarter ended June 30, 2026

ATM shares issued 3,009,295 common shares Issued on Nasdaq during quarter at weighted average price

ATM weighted average price US$0.68 per share Quarter ended June 30, 2026

ATM average issuance price since inception US$0.88 per share Average price under ATM program to date

ATM commissions US$70,000 Commissions paid on ATM distributions during the quarter

Employee ESP purchases 26,256 shares Employee Share Purchase Program, second quarter 2026

Director DSUs granted 91,954 units Deferred share units granted June 30, 2026

Key Terms

at-the-market equity program, Employee Share Purchase Program, Deferred Share Unit Plan, black mass recycling, +1 more

5 terms

at-the-market equity program financial

"capital markets programs, including its at-the-market equity program (“ATM”)"

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 Program financial

"Under the Company’s Employee Share Purchase Program (“ESP”), a total of 26,256 common shares"

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 Unit Plan financial

"the Company granted 91,954 deferred share units (“DSUs”) to its non‑employee directors pursuant to its Deferred Share Unit Plan"

A deferred share unit plan is a pay program that gives executives or directors notional company shares today but delays actual payment until a future date, such as retirement or a set vesting time. Like a savings account that converts into cash or stock later, it ties pay to long-term company performance and timing, so investors watch it for its effects on future share dilution, executive incentives, and management’s incentives to grow shareholder value.

black mass recycling technical

"Electra is also advancing black mass recycling opportunities to recover critical materials"

Black mass recycling is the process of recovering the dark, powdery mix of shredded battery materials—mainly lithium, nickel, cobalt and other metals—produced when used lithium‑ion batteries are broken down. For investors, it matters because turning that “battery dust” back into usable metals reduces reliance on raw mining, cuts costs and supports supply chains for electric vehicles and electronics, similar to how melting down scrap metal feeds a factory without buying new ore.

cobalt sulfate refinery technical

"constructing North America’s only cobalt sulfate refinery, as part of a phased strategy"

A cobalt sulfate refinery is an industrial plant that converts raw cobalt-bearing ore or intermediates into cobalt sulfate, a purified chemical used mainly in rechargeable battery cathodes and other industrial applications. For investors, the facility is a key link in the supply chain: its output and operating costs influence availability, price stability and profit margins for companies that make batteries or rely on cobalt, much like a flour mill affects the cost and supply of baked goods.

FAQ

How much did Electra Battery Materials (ELBM) raise through its ATM program this quarter?

Electra Battery Materials raised approximately US$2.1 million in gross proceeds this quarter through its at-the-market equity program, issuing 3,009,295 common shares on Nasdaq at a weighted average price of US$0.68 per share, with about US$70,000 paid in commissions.

What is the total capacity of Electra Battery Materials' at-the-market equity program?

Electra’s at-the-market equity program allows issuance of up to US$25 million of common shares from treasury. The facility, arranged with H.C. Wainwright & Co., LLC, provides flexibility to raise equity capital over time at market prices when the Company chooses.

How are Electra Battery Materials employees participating in company equity?

Under Electra’s Employee Share Purchase Program, employees bought 26,256 common shares in the second quarter, with the Company acquiring a matching 26,256 shares. Purchases were made at the five-day volume-weighted average price as of June 30, 2026, and included participation from management.

What equity awards did Electra Battery Materials grant to directors in June 2026?

On June 30, 2026, Electra granted 91,954 deferred share units (DSUs) to its non-employee directors. The DSUs are based on the market price at that date and will be settled in common shares when a director leaves the Board, aligning board incentives with shareholders.

What is the purpose of Electra Battery Materials’ equity participation programs?

Electra’s equity participation programs aim to align employees and directors with shareholders through market-based equity ownership. The Employee Share Purchase Program and director deferred share units tie compensation to the Company’s share price performance and encourage longer-term ownership perspectives among insiders.

What are Electra Battery Materials’ main business focuses mentioned in this update?

Electra is focused on building North America’s only cobalt sulfate refinery, advancing its Idaho Cobalt Belt properties including Iron Creek, and pursuing black mass recycling projects. It is also evaluating potential growth in nickel refining and other downstream battery materials.

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

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Available on EDGAR 07/06/2026 - 05:00 PM Accepted by SEC EDGAR 07/06/2026 - 05:00 PM Learn about SEC filing dates

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2026

Commission File Number: 001-41356

Electra Battery Materials Corporation
(Translation of registrant's name into English)

133 Richmond St W, Suite 602
Toronto, Ontario, M5H 2L3 Canada
(416) 900-3891 
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ]      Form 40-F [   ] 

Incorporation by Reference

The information contained in this Report on Form 6-K (this “Form 6-K”) and Exhibits 99.1 and 99.2 herewith are hereby incorporated by reference as an exhibit to (i) the Registration Statement on Form S-8 (File No. 333-264589), (ii) the Registration Statement on Form F-3, as amended (File No. 333-288364) and (iii) the Registration Statement on Form F-3, as amended (File No. 333-291766) of Electra Battery Materials Corporation (the “Company”).

DOCUMENTS INCLUDED AS PART OF THIS REPORT

Exhibit Number		Description
99.1		Press Release dated July 6, 2026

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		Electra Battery Materials Corporation
		(Registrant)
Date: July 6, 2026		/s/ Trent Mell
		Trent Mell
		Chief Executive Officer and Director

EXHIBIT 99.1

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

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.

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.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 PRESS RELEASE 4.6 KB