Electra Battery Materials Corporation has filed a Form F-3 resale registration covering up to 108,836,744 common shares. These shares consist of 21,860,375 exchange shares from an October 2025 debt restructuring, 55,041,712 shares issuable upon exercise of October 2025 warrants, 31,735,657 shares issuable upon exercise of October 2025 pre-funded warrants, and 199,000 shares issuable upon exercise of April 2025 warrants. Existing shareholders named in the prospectus may sell these shares from time to time, while Electra will receive no proceeds from such resales, only any cash paid to exercise the warrants.
Electra operates a cobalt sulfate refinery in Ontario and holds the Iron Creek cobalt-copper project in Idaho, aiming to supply battery materials to the North American EV market. The company is restarting and expanding its refinery, advancing a black mass recycling strategy, and has recently completed a US$34.5 million financing and debt restructuring to support construction and ramp-up. As of November 21, 2025, 93,653,238 common shares were outstanding.
Electra Battery Materials Corporation has filed Amendment No. 4 to its Form F-3 shelf registration to offer up to US$50,000,000 of common shares, warrants and units from time to time, including an "at the market" program for up to US$5,500,000 of common shares. The amendment updates the filing to incorporate recent Form 6-K disclosures and refresh business, risk and prospectus information.
Electra describes plans to finance and complete construction of its Ontario cobalt refinery and to advance a battery recycling project, supported by government funding indications and a previously completed US$34.5 million October 2025 unit financing and related debt restructuring. The company highlights risks such as future dilution, potential passive foreign investment company tax treatment for U.S. holders, and the possibility of Nasdaq de‑listing if it fails to maintain listing requirements. As of November 21, 2025, Electra had 93,653,238 common shares outstanding.