Electra Battery Materials Corporation provided a quarterly update on its capital markets programs. Under its at-the-market equity program, the company generated gross proceeds of approximately US$2.1 million during the second quarter through the issuance of 3,009,295 common shares at a weighted average price of US$0.68 per share. Employees purchased 26,256 common shares under the Employee Share Purchase Program, with the company acquiring a matching number of shares. The company also granted 91,954 deferred share units to non-employee directors to align their interests with shareholders.
Electra Battery Materials CorpCompany raised US$2.1M via ATM equity program, diluting existing shareholders but providing capital; net impact unclear.