TORONTO, July  06, 2026  (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ:ELBM, TSXV:ELBM) (&#34;Electra&#34; or the &#34;Company&#34;) today provided a quarterly update on some of its capital markets

TSXV:ELBM

Electra Provides Quarterly Update on Capital Markets Activity and Equity Participation Programs

Electra updates ATM financing, ESP purchases, and DSU grants; signals growth and dilution

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>TORONTO, July  06, 2026  (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ:ELBM, TSXV:ELBM) (&amp;#34;Electra&amp;#34; or the &amp;#34;Company&amp;#34;) today provided a quarterly update on some of its capital markets</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Electra disclosed updates to ESP, DSU grants, and an ATM facility, highlighting capital-raising flexibility and alignment with shareholders. The quarter produced US$2.1 million gross ATM proceeds at US$0.68 per share; 91,954 DSUs granted; 26,256 ESP shares purchased. The developments fund growth in Electra&#039;s cobalt refinery ambitions while introducing potential near-term dilution.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Electra updates ESP purchases, DSU grants, and ATM activity.</li><li>ESP: 26,256 shares purchased by employees; 26,256 acquired by the Company.</li><li>DSUs: 91,954 granted to non-employee directors.</li><li>ATM: up to US$25M; Q2 proceeds US$2.1M at US$0.68; June 2 last transaction.</li><li>Electra focuses on cobalt refinery and onshoring critical minerals; recycling opportunities.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Electra Battery Materials Corporation (NASDAQ: ELBM; TSXV: ELBM)</strong>: Quarterly cap-market programs update; ESP/DSU activity; ATM financing implications for dilution and growth.</li><li><strong>H.C. Wainwright &amp; Co., LLC (N/A)</strong>: Counterparty to ATM facility; acts as underwriter/facilitator for equity issuances; related commissions disclosed.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The article covers Electra’s capital-market programs and equity incentives, signaling funding flexibility and potential dilution considerations tied to growth initiatives.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>ATM capacity up to US$25M; Q2 proceeds US$2.1M at US$0.68.</li><li>June 2, 2026 was the most recent ATM transaction.</li><li>DSUs and ESPs imply ongoing dilution risk and insider alignment.</li><li>Strategic focus on North American cobalt refinery supports long-run value.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>June 30, 2026: ESP purchases 26,256 Common Shares; 26,256 Common Shares acquired by Company.</li><li>June 30, 2026: 91,954 DSUs granted to non-employee directors.</li><li>ATM launched in late 2025; up to US$25 million; commissions ~US$70,000 in quarter.</li><li>Q2 2026 ATM issuance: 3,009,295 Common Shares; gross proceeds US$2.1 million; weighted average price US$0.68.</li><li>Since inception, ATM average issuance price US$0.88 per Common Share.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term dilution risk from ATM; longer-term growth funding supports Electra&#039;s refinery-scale ambitions.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">TORONTO, July  06, 2026  (GLOBE NEWSWIRE) -- <strong>Electra Battery Materials Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/ELBM">ELBM</a>, TSXV:<a class="ticker" href="https://www.benzinga.com/quote/ELBM">ELBM</a>)</strong> ("Electra" or the "Company") today provided a quarterly update on some of its capital markets programs, including its at‑the‑market equity program ("ATM") and equity participation by employees and directors.</p>  <p align="justify">Under the Company’s equity participation programs, employees and directors continue to align with shareholders through market‑based equity ownership. Under the Company’s Employee Share Purchase Program ("ESP"), a total of 26,256 common shares ("Common Shares") were purchased by employees during the second quarter, with a corresponding 26,256 Common Shares acquired by the Company in accordance with the program. Employee participation included meaningful purchases by Company management. The ESP, as approved by shareholders at the Company’s annual general meeting held June 23, 2026, enables employees to acquire Common Shares. ESP purchases were made at the five-day volume adjusted weighted average as of June 30.</p>  <p align="justify">Also on June 30, 2026, the Company granted 91,954 deferred share units ("DSUs") to its non‑employee directors pursuant to its Deferred Share Unit Plan. The DSUs are intended to further align the interests of the Board of Directors with those of shareholders. Consistent with this alignment, DSUs are granted based on the market price as at June 30 and will be settled in Common Shares upon a director ceasing to serve on the Board, in accordance with the terms of the plan.</p>  <p align="justify">The ATM program, launched in late 2025, provides the Company with flexibility to issue and sell, from time to time, up to US$25 million of its Common Shares from treasury at the Company’s discretion, pursuant to an agreement with H.C. Wainwright &amp; Co., LLC. During the quarter ended June 30, 2026, the Company generated gross proceeds of approximately US$2.1 million through the issuance of 3,009,295 Common Shares under the ATM on the Nasdaq Stock Market LLC at a weighted average price of US$0.68 per Common Share. The most recent transaction under the ATM was on June 2, 2026. Since inception, the Company’s average issuance price under the ATM is US$0.88 per Common Share. Commissions of approximately US$70,000 were paid in connection with these distributions during the quarter.</p>  <p align="justify"><strong>About Electra Battery Materials </strong></p>  <p align="justify">Electra is a leader in advancing North America’s critical minerals supply chain for lithium-ion batteries. The Company’s primary focus is constructing North America’s only cobalt sulfate refinery, as part of a phased strategy to onshore critical minerals refining and reduce reliance on foreign supply chains. In addition to the Refinery, Electra holds a significant land package in Idaho’s Cobalt Belt, including its Iron Creek project and surrounding properties, positioning the Company as a potential cornerstone for North American cobalt and copper production.</p>  <p align="justify">Electra is also advancing black mass recycling opportunities to recover critical materials from end-of-life batteries, while continuing to evaluate growth opportunities in nickel refining and other downstream battery materials. For more information, please visit <a href="https://www.globenewswire.com/Tracker?data=4robJrqn04eizDElbJBIiXsPGQsubDqyQsLjAZ7GZnDQilvVltBm7msjFKhGEmoX35iFWwB0Rn6teKNw_kpp6egm3UX550SzUCWSyMDaecs=" rel="nofollow" target="_blank">www.ElectraBMC.com</a>.</p>  <p align="justify"><strong>Contact</strong></p>  <p align="justify">Heather Smiles<br></br>Vice President, External Affairs &amp; Corporate Development <br></br>Electra Battery Materials<br></br><a href="https://www.globenewswire.com/Tracker?data=za27BCny2JgPeRm7KytGQXmmh3-HpPFcPIRYzsJdMVtqlL9IP-r96XfLQnEnkkIMTxeh_l1sZ8PAnHO99MwMRim8QhlfjQaQSmSPnob-E1g=" rel="nofollow" target="_blank">info@ElectraBMC.com</a><br></br>1.416.900.3891</p>  <p align="justify"><em>Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.</em></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTc1NzYzMiM3NjkzMTE5IzIwOTUxMjc="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/ZWMxNGU5YjQtNTk3Ni00YTliLTg3MzQtYmRhMDdjYmRkMDI4LTExMDY2OTgtMjAyNi0wNy0wNi1lbg==/tiny/Electra-Battery-Materials-Corp.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/24573503-40e6-4d1d-90bf-5e830d4db995"><img src="https://ml.globenewswire.com/media/24573503-40e6-4d1d-90bf-5e830d4db995/small/electra-bm-logo-colors-jpg.jpg" border="0" width="150" height="85" alt="Primary Logo"></img></a></p>

Electra disclosed updates to ESP, DSU grants, and an ATM facility, highlighting capital-raising flexibility and alignment with shareholders. The quarter produced US$2.1 million gross ATM proceeds at US$0.68 per share; 91,954 DSUs granted; 26,256 ESP shares purchased. The developments fund growth in Electra's cobalt refinery ambitions while introducing potential near-term dilution.

Electra Provides Quarterly Update on Capital Markets Activity and Equity Participation Programs

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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