Electra Battery Materials awarded C$7.8 million in construction contracts for key refinery infrastructure and issued 4,734,605 shares under its ATM program for US$4.75 million gross proceeds.
Key takeaways
Awarded C$6.8 million contract to Pro Pipe Construction Ltd. for crystallizer circuit structural, mechanical, and piping work.
Awarded C$1.0 million contract to WB Melback Corporation for refinery silo building construction.
Contracts advance cobalt sulfate refinery execution in Ontario with defined scopes for cost and schedule control.
Issued 4,734,605 common shares under ATM Program at weighted average US$1.0042 per share for US$4.75 million gross proceeds.
Paid US$118 thousand commissions to agent H.C. Wainwright & Co., LLC for Q1 2026 ATM distributions.