TORONTO, April 04, 2025 (GLOBE NEWSWIRE) — Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) announces that it has closed the first tranche of its oversubscribed non-brokered private placement previously announced on March 24, 2025, raising aggregate gross proceeds of approximately US$3.08 million (the “Offering”).
“We are pleased with the strong investor support demonstrated for our vision of building a North American critical minerals supply chain,” said Electra CEO, Trent Mell. “The oversubscription of this private placement is a strong vote of confidence in our team, our progress, and the path forward we have set.”
Pursuant to the closing of the first tranche of the Offering, 2,747,145 units of the Company (each, a “Unit”) were issued at a price of US$1.12 per Unit. Each Unit consists of one common share in the capital of the Company (“Common Shares”) and…
