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Electra Announces Non-Brokered Private Placement for up to US$3.5 Million

TORONTO, March 24, 2025 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ:ELBM, TSXV:ELBM) ("Electra" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement (the "Offering") to raise aggregate gross proceeds of up to US$3,500,000.

The Offering will consist of units of the Company (each, a "Unit") to be issued at a price of US$1.12 per Unit. Each Unit will consist of one common share in the capital of the Company ("Common Shares") and one transferable common share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to purchase one common share of the Company at a price of US$1.40 at any time for a period of eighteen (18) months following the issue date.

Interested investors may reflect orders by contacting Heather Smiles at or +1-416-900-3891. All orders must be received by 12:00pm ET today. The net proceeds raised from the Offering will be used to advance the Company's Refinery project site in Temiskaming Shores, Ontario and for general corporate purposes.

The Units are being offered on a private placement basis to purchasers in each of the provinces of Canada, except Québec (the "Canadian Selling Jurisdictions") pursuant to the listed issuer financing exemption as outlined in Part 5A of NI 45-106 (the "Listed Issuer Financing Exemption"). The Units are also being offered to purchasers resident outside of Canada pursuant to Ontario Securities Commission Rule 72-503, Distributions Outside Canada.

There is an offering document related to the portion of the offering conducted under the Listed Issuer Financing Exemption accessible under the Company's profile at www.sedarplus.com and on the Company's website at www.ElectraBMC.com. Prospective investors should read this offering document before making an investment decision.