Electra Battery Materials Corporation reported on September 26, 2025, that its previously announced US$30 million best-efforts brokered private placement financing is fully subscribed. The company received strong participation from both existing shareholders and new institutional investors.
This successful capital raise comes at a pivotal moment for Electra as it moves toward commissioning North America’s first cobalt sulfate refinery. The financing forms a key part of Electra’s comprehensive plan to strengthen its capital structure and secure funding for the refinery's completion.
The offering is expected to close on or about October 17, 2025, concurrently with the closing of Electra’s financial restructuring. This successful subscription reflects confidence in the company's strategic direction and its role in the clean energy transition.
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