Electra Confirms Private Placement is Fully Subscribed
Electra Battery Materials (NASDAQ: ELBM) has announced that its previously announced non-brokered private placement offering is now fully subscribed and allocated. The company's CFO Marty Rendall indicated that the strong investor interest demonstrates confidence in their strategy.
The net proceeds from the offering will be utilized to advance the Company's Refinery project in Temiskaming Shores, Ontario, and for general corporate purposes. The completion of the offering remains subject to regulatory approvals and customary closing documentation.
Electra Battery Materials (NASDAQ: ELBM) ha annunciato che l'offerta di collocamento privato non mediato precedentemente annunciata è ora completamente sottoscritta e allocata. Il CFO dell'azienda, Marty Rendall, ha indicato che il forte interesse degli investitori dimostra fiducia nella loro strategia.
Il ricavato netto dell'offerta sarà utilizzato per avanzare il progetto di raffineria a Temiskaming Shores, Ontario, e per scopi aziendali generali. Il completamento dell'offerta rimane soggetto ad approvazioni normative e alla documentazione di chiusura consueta.
Electra Battery Materials (NASDAQ: ELBM) ha anunciado que su oferta de colocación privada no mediada previamente anunciada está ahora completamente suscrita y asignada. El CFO de la compañía, Marty Rendall, indicó que el fuerte interés de los inversores demuestra confianza en su estrategia.
Los ingresos netos de la oferta se utilizarán para avanzar en el proyecto de refinería en Temiskaming Shores, Ontario, y para fines corporativos generales. La finalización de la oferta está sujeta a aprobaciones regulatorias y a la documentación de cierre habitual.
Electra Battery Materials (NASDAQ: ELBM)는 이전에 발표한 비중개 사모 배정이 이제 완전히 구독되고 배정되었다고 발표했습니다. 회사의 CFO인 마티 렌달(Marty Rendall)은 강한 투자자 관심이 그들의 전략에 대한 신뢰를 보여준다고 밝혔습니다.
이번 공모에서 발생한 순수익은 온타리오주 테미스카밍 쇼어즈에 있는 정유 프로젝트를 진행하고 일반 기업 용도로 사용될 것입니다. 공모의 완료는 규제 승인 및 관례적인 마감 문서의 승인을 받아야 합니다.
Electra Battery Materials (NASDAQ: ELBM) a annoncé que son offre de placement privé non intermédié, précédemment annoncée, est désormais entièrement souscrite et allouée. Le CFO de l'entreprise, Marty Rendall, a indiqué que le fort intérêt des investisseurs démontre la confiance dans leur stratégie.
Le produit net de l'offre sera utilisé pour faire avancer le projet de raffinerie à Temiskaming Shores, Ontario, et pour des fins d'entreprise générales. L'achèvement de l'offre reste soumis à des approbations réglementaires et à la documentation de clôture habituelle.
Electra Battery Materials (NASDAQ: ELBM) hat angekündigt, dass das zuvor angekündigte nicht vermittelte private Platzierungsangebot jetzt vollständig gezeichnet und zugewiesen ist. Der CFO des Unternehmens, Marty Rendall, wies darauf hin, dass das starke Interesse der Investoren Vertrauen in ihre Strategie zeigt.
Die Nettoerlöse aus dem Angebot werden verwendet, um das Raffinerieprojekt in Temiskaming Shores, Ontario, voranzutreiben und für allgemeine Unternehmenszwecke. Der Abschluss des Angebots unterliegt weiterhin regulatorischen Genehmigungen und der üblichen Abschlussdokumentation.
- Private placement fully subscribed, indicating strong investor confidence
- Secured funding for Refinery project advancement
- Offering still subject to regulatory approvals and closing conditions
- Potential dilution for existing shareholders through new share issuance
TORONTO, March 25, 2025 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce that its non-brokered private placement (the “Offering”), on the terms described in the press release of March 24, 2025, is now fully subscribed and allocated.
“The strong investor interest in the Offering reflects continued confidence in our strategy,” said Electra CFO Marty Rendall. “This capital will provide us with the flexibility to continue advancing our work supporting a North American critical minerals supply chain.”
The net proceeds raised from the Offering will be used to advance the Company’s Refinery project site in Temiskaming Shores, Ontario and for general corporate purposes. Completion of the Offering remains subject to regulatory approvals and completion of customary closing documentation.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Electra Battery Materials
Electra is a leader in advancing North America’s critical minerals supply chain for lithium-ion batteries. Currently focused on developing North America’s only cobalt sulfate refinery, Electra is executing a phased strategy to onshore critical minerals refining and reduce reliance on foreign supply chains. In addition to establishing the cobalt sulfate refinery, Electra’s strategy includes nickel refining and battery recycling. Growth projects include integrating black mass recycling at its existing refining complex, evaluating opportunities for cobalt production in Bécancour, Quebec, and exploring nickel sulfate production potential in North America. For more information, please visit www.ElectraBMC.com.
Contact
Heather Smiles
Vice President, Investor Relations & 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 and include, but are not limited to, statements regarding the Offering, including the total proceeds, use of proceeds, payment of applicable finders fees, the anticipated completion of the Offering, and the approval of the Offering by the TSXV Venture Exchange. 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. Among the bases for assumptions with respect to the potential for additional government funding are discussions and indications of support from government actors based on certain milestones being achieved. 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 on EDGAR at www.sec.gov. Other factors that could lead actual results to differ materially include changes with respect to government or investor expectations or actions as compared to communicated intentions, and general macroeconomic and other trends that can affect levels of government or private investment. 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 times 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
What is the purpose of ELBM's private placement offering in March 2025?
What is the current status of Electra Battery Materials' (ELBM) private placement offering?
Where is ELBM's Refinery project located?
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