Electra Battery Materials Corporation announced that shareholders approved all items of business at its 2026 annual general and special meeting held June 23, 2026 in Toronto. A total of 48,202,558 common shares, representing 46.47% of Electra's issued and outstanding common shares, were voted. All seven director nominees were elected with over 98% support each. Shareholders also approved the 2022 amended and restated LTIP, increasing the maximum number of common shares issuable under options to 8,725,000, restricted share units to 440,000, performance share units to 440,000, and deferred share units to 1,385,784. The Employee Share Purchase Plan was approved with an increase in reserved shares from 250,000 to 400,000. Additionally, shareholders ratified grants of 1,600,000 options, 190,459 deferred share units, and 174,000 restricted share units in excess of prior limits, and authorized a potential reverse split at a ratio between one-for-two and one-for-six, to be implemented at the board's discretion.
Electra Battery Materials CorpShareholders approved reverse split authorization and equity plan increases, which are corporate actions with no clear positive or negative impact on operations or value.