Electra Battery Materials Corporation (ELBM) Monday unveiled plans to raise up to $3.5 million through a non-brokered private placement.
The offering consists of units priced at $1.12 each, with each unit including one common share and one transferable warrant. Warrant holders can purchase an additional share at $1.40 within 18 months.
Proceeds will support the company's refinery project in Temiskaming Shores, Ontario, and general corporate purposes. The offering is available to investors in most Canadian provinces under the Listed Issuer Financing Exemption and to select international buyers under Ontario's securities regulations.
ELBM is currently trading at $1.14 or 8.1301% lower on the Nasdaq Capital Market.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.