Electra announces upsized brokered private placement and coincident non-brokered placement for gross proceeds of up to $21.5 million

Toronto--(business wire)--electra battery materials corporation (nasdaq: elbm; tsx-v: elbm) (“electra” or the “company”) is pleased to announce that due to significant investor demand, the company has elected to reallocate a portion of its previously announced financing to increase the potential allocation of the brokered private placement (the “marketed offering”) from $10 million to $15 million. under the revised marketed offering, the company intends to sell up to 13,636,364 units of the com.
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