Electra announces brokered private placement for gross proceeds of up to $10 million

Toronto--(business wire)--electra battery materials corporation (nasdaq: elbm; tsx-v: elbm) (“electra” or the “company”) is pleased to announce that the company has entered into an agreement with red cloud securities inc., as lead agent and sole bookrunner, on behalf of a syndicate of agents (collectively, the “agents”), in connection with a “best-efforts” private placement (the “marketed offering”) for the sale of up to 9,090,909 units of the company (the "units") at a price of $1.10 per unit.
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