ELBM Electra Battery Materials Corp
Price Chart
Executive Summary
Electra Battery Materials announced $7.8 million in construction contracts for its cobalt sulfate refinery in Ontario and reported $4.75 million in gross proceeds from its at-the-market equity program during Q1 2026. The funding activity indicates ongoing capital raising to support project development.
Actionable Insight
The contract awards signal continued progress on refinery construction, but the concurrent equity issuance reflects ongoing reliance on dilutive financing. Traders should monitor burn rate and future funding needs against project milestones.
Key Facts
- Awarded C$7.8 million in construction contracts: C$6.8 million to Pro Pipe Construction Ltd. for crystallizer circuit work and C$1.0 million to WB Melback Corporation for silo building construction.
- Generated US$4.75 million in gross proceeds from the issuance of 4,734,605 common shares under the ATM program at a weighted average price of US$1.0042 during the quarter ended March 31, 2026.
- Paid US$118,000 in commissions to H.C. Wainwright & Co. related to the ATM distributions.
- The ATM program allows for up to US$25 million in aggregate sales of common shares at the company's discretion.
Financial Impact
US$4.75 million in gross proceeds from equity issuance; C$7.8 million in capital expenditures awarded via contracts
Risk Factors
- Dilution from ongoing ATM program activity could pressure share price if capital needs extend beyond current runway.
- Execution risk on construction timelines and budget control for the refinery project remains elevated given the company's early stage.
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001171843-26-002338 |
| Document: f6k_040826.htm | 0001171843-26-002338 |
| Document: 0001171843-26-002338-index-headers.html | 0001171843-26-002338 |
| Document: 0001171843-26-002338-index.html | 0001171843-26-002338 |
| Document: 0001171843-26-002338.txt | 0001171843-26-002338 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 8, 2026
1d ago
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6-K
| $0.6387 awaiting T+1 | awaiting T+1 | — | $0.6220 (−2.61%) |
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Jun 4, 2026
5d ago
|
6-K
| $0.7000 $0.6450 | ▼ −7.86% | ▼ −5.26% | $0.6220 (−11.14%) |
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Jun 4, 2026
5d ago
|
Press Release
| $0.7000 $0.6450 | ▼ −7.86% | ▼ −5.26% | $0.6220 (−11.14%) |
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May 14, 2026
26d ago
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Press Release
| $0.6200 $0.5990 | ▼ −3.39% | ▼ −2.16% | $0.6220 (+0.32%) |
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May 14, 2026
26d ago
|
6-K
| $0.6200 $0.5990 | ▼ −3.39% | ▼ −2.16% | $0.6220 (+0.32%) |
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May 13, 2026
27d ago
|
6-K
| $0.6170 $0.6200 | ▲ +0.49% | ▼ −0.29% | $0.6220 (+0.81%) |
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May 13, 2026
27d ago
|
Press Release
| $0.6170 $0.6200 | ▲ +0.49% | ▼ −0.29% | $0.6220 (+0.81%) |
|
May 5, 2026
5w ago
|
6-K
| $0.6550 $0.6560 | ▲ +0.15% | ▼ −1.23% | $0.6220 (−5.04%) |
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Apr 9, 2026
8w ago
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6-K
| $0.5660 $0.5910 | ▲ +4.42% | ▲ +4.48% | $0.6220 (+9.89%) |
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Apr 9, 2026
8w ago
|
Press Release
| $0.5660 $0.5910 | ▲ +4.42% | ▲ +4.48% | $0.6220 (+9.89%) |
US Market Status
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