05/17/2022 | Press release | Distributed by Public on 05/17/2022 06:46
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Page
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ABOUT THIS PROSPECTUS SUPPLEMENT AND THE ACCOMPANYING SHELF PROSPECTUS
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| | | | S-1 | | |
FINANCIAL INFORMATION AND CURRENCY
|
| | | | S-1 | | |
MARKET AND INDUSTRY DATA
|
| | | | S-2 | | |
NON-IFRS MEASURES
|
| | | | S-2 | | |
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
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| | | | S-2 | | |
CAUTIONARY NOTE TO UNITED STATES INVESTORS
|
| | | | S-3 | | |
DOCUMENTS INCORPORATED BY REFERENCE
|
| | | | S-5 | | |
SUMMARY OF THE OFFERING
|
| | | | S-6 | | |
THE CORPORATION
|
| | | | S-7 | | |
DESCRIPTION OF SECURITIES BEING DISTRIBUTED
|
| | | | S-8 | | |
CONSOLIDATED CAPITALIZATION
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| | | | S-8 | | |
USE OF PROCEEDS
|
| | | | S-9 | | |
PLAN OF DISTRIBUTION
|
| | | | S-9 | | |
CERTAIN CANADIAN FEDERAL INCOME TAX CONSIDERATIONS
|
| | | | S-11 | | |
CERTAIN U.S. FEDERAL INCOME TAX CONSIDERATIONS FOR U.S. HOLDERS
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| | | | S-14 | | |
PRIOR SALES
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| | | | S-18 | | |
TRADING PRICE AND VOLUME
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| | | | S-21 | | |
RISK FACTORS
|
| | | | S-21 | | |
LEGAL MATTERS
|
| | | | S-25 | | |
DOCUMENTS FILED AS PART OF THE REGISTRATION STATEMENT
|
| | | | S-25 | | |
WHERE YOU CAN FIND MORE INFORMATION
|
| | | | S-26 | | |
ENFORCEABILITY OF CIVIL LIABILITIES
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| | | | S-26 | | |
INTEREST OF EXPERTS
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| | | | S-27 | | |
AUDITORS, TRANSFER AGENTS AND REGISTRARS
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| | | | S-27 | | |
DESCRIPTION
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PAGE NO.
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ABOUT THIS PROSPECTUS
|
| | | | 2 | | |
FINANCIAL INFORMATION AND CURRENCY
|
| | | | 2 | | |
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENT
|
| | | | 2 | | |
CAUTIONARY NOTE REGARDING FUTURE-ORIENTED FINANCIAL INFORMATION
|
| | | | 3 | | |
DOCUMENTS INCORPORATED BY REFERENCE
|
| | | | 4 | | |
MARKETING MATERIALS
|
| | | | 5 | | |
THE CORPORATION
|
| | | | 5 | | |
RISK FACTORS
|
| | | | 9 | | |
CONSOLIDATED CAPITALIZATION
|
| | | | 12 | | |
USE OF PROCEEDS
|
| | | | 12 | | |
PLAN OF DISTRIBUTION
|
| | | | 12 | | |
DESCRIPTION OF SECURITIES BEING DISTRIBUTED
|
| | | | 14 | | |
CERTAIN CANADIAN FEDERAL INCOME TAX CONSIDERATIONS
|
| | | | 18 | | |
PRIOR SALES
|
| | | | 18 | | |
TRADING PRICE AND VOLUME
|
| | | | 18 | | |
LEGAL MATTERS
|
| | | | 18 | | |
INTEREST OF EXPERTS
|
| | | | 18 | | |
AUDITORS
|
| | | | 19 | | |
DOCUMENTS FILED AS PART OF THE REGISTRATION STATEMENT
|
| | | | 19 | | |
|
Issuer
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| | Electra Battery Materials Corporation | |
| Offered Securities and Gross Proceeds | | |
Common Shares with a value up to C$20,000,000.
|
|
|
Placement Fee
|
| | Up to 3.0% of the gross proceeds from the sale of the Common Shares. | |
|
Description of the Offering
|
| | Sales of the Common Shares, if any, under this Prospectus Supplement and the Prospectus are anticipated to be made in transactions that are deemed to be "at-the-market distributions" as defined in NI 44-102, involving sales made directly on the TSXV, Nasdaq or any other trading market for the Common Shares in Canada or the United States. The Common Shares will be distributed at market prices prevailing at the time of the sale of such Common Shares. As a result, prices may vary as between purchasers and during | |
| | | | the period of distribution. | |
|
Common Shares Outstanding
|
| |
As at May 16, 2022: 32,334,222 Common Shares.
See "Consolidated Capitalization" and "Plan of Distribution".
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|
|
Business of the Corporation
|
| | The Corporation is in the business of battery materials refining and exploration of resource properties. The Common Shares of the Corporation are listed on the TSXV and Nasdaq under the symbol "ELBM". The Corporation is focused on building a diversified portfolio of assets that are highly leveraged to the electric vehicles battery materials market with assets located primarily in North America. Electra has two significant North American assets, being the Refinery and the Iron Creek Project. See "The Corporation". | |
|
Use of Proceeds
|
| | The Corporation expects to use the net proceeds of the Offering for Refinery growth initiatives, Iron Creek exploration and for general corporate purposes. | |
|
Risk Factors
|
| | Prospective purchasers of the Common Shares should carefully consider the information set forth under the heading "Risk Factors" and the other information included in this Prospectus Supplement and the accompanying Prospectus before deciding to invest. See "Risk Factors". | |
Date
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| |
Type of Security Issued
|
| |
Issuance/Exercise/
Conversion Price per Security |
| |
Number of Securities
|
|
May 13, 2022
|
| |
Common Shares(1)
|
| |
C$5.52
|
| |
25,200
|
|
May 10, 2022
|
| |
Common Shares(1)
|
| |
C$5.21
|
| |
1,400
|
|
May 9, 2022
|
| |
Common Shares(1)
|
| |
C$5.26
|
| |
14,600
|
|
May 6, 2022
|
| |
Common Shares(1)
|
| |
C$5.31
|
| |
12,100
|
|
May 5, 2022
|
| |
Common Shares(1)
|
| |
C$5.32
|
| |
10,000
|
|
May 4, 2022
|
| |
Common Shares(1)
|
| |
C$5.51
|
| |
21,400
|
|
May 3, 2022
|
| |
Common Shares(1)
|
| |
C$6.21
|
| |
31,000
|
|
May 2, 2022
|
| |
Common Shares(1)
|
| |
C$5.71
|
| |
13,700
|
|
May 2, 2022
|
| |
Common Shares(2)
|
| |
C$5.58
|
| |
338,187
|
|
Date
|
| |
Type of Security Issued
|
| |
Issuance/Exercise/
Conversion Price per Security |
| |
Number of Securities
|
|
April 29, 2022
|
| |
Common Shares(3)
|
| |
C$2.52
|
| |
23,141
|
|
April 29, 2022
|
| |
Common Shares(3)
|
| |
C$5.71
|
| |
19,600
|
|
April 28, 2022
|
| |
Common Shares(1)
|
| |
C$5.93
|
| |
33,300
|
|
April 27, 2022
|
| |
Common Shares(1)
|
| |
C$5.92
|
| |
14,500
|
|
April 26, 2022
|
| |
Common Shares(1)
|
| |
C$5.65
|
| |
8,900
|
|
April 25, 2022
|
| |
Common Shares(1)
|
| |
C$5.76
|
| |
17,400
|
|
April 22, 2022
|
| |
Common Shares(1)
|
| |
C$5.91
|
| |
8,600
|
|
April 21, 2022
|
| |
Common Shares(1)
|
| |
C$6.41
|
| |
10,900
|
|
April 20, 2022
|
| |
Common Shares(2)
|
| |
C$5.58
|
| |
225,458
|
|
April 20, 2022
|
| |
Common Shares(1)
|
| |
C$6.34
|
| |
19,500
|
|
April 19, 2022
|
| |
Common Shares(3)
|
| |
C$2.52
|
| |
99,274
|
|
April 19, 2022
|
| |
Common Shares(1)
|
| |
C$5.91
|
| |
9,800
|
|
April 18, 2022
|
| |
Common Shares(1)
|
| |
C$5.70
|
| |
18,300
|
|
April 11, 2022
|
| |
Options
|
| |
C$5.76
|
| |
19,444
|
|
April 11, 2022
|
| |
PSUs
|
| |
C$5.76
|
| |
18,056
|
|
April 11, 2022
|
| |
DSUs
|
| |
C$5.76
|
| |
35,553
|
|
April 11, 2022
|
| |
RSUs
|
| |
C$5.76
|
| |
11,389
|
|
April 5, 2022
|
| |
Common Shares(2)
|
| |
C$5.58
|
| |
112,729
|
|
April 1, 2022
|
| |
Common Shares(1)
|
| |
C$5.22
|
| |
5,000
|
|
March 31, 2022
|
| |
Common Shares(1)
|
| |
C$5.40
|
| |
6,389
|
|
March 30, 2022
|
| |
Common Shares(1)
|
| |
C$5.40
|
| |
4,011
|
|
March 29, 2022
|
| |
Common Shares(1)
|
| |
C$5.40
|
| |
4,972
|
|
March 29, 2022
|
| |
Common Shares(1)
|
| |
C$2.70
|
| |
3,704
|
|
March 28, 2022
|
| |
Common Shares(1)
|
| |
C$5.40
|
| |
5,306
|
|
March 25, 2022
|
| |
Common Shares(1)
|
| |
C$5.40
|
| |
10,417
|
|
March 24, 2022
|
| |
Common Shares(1)
|
| |
C$5.40
|
| |
13,889
|
|
March 23, 2022
|
| |
Common Shares(1)
|
| |
C$5.22
|
| |
7,250
|
|
March 22, 2022
|
| |
Common Shares(1)
|
| |
C$5.22
|
| |
4,083
|
|
March 21, 2022
|
| |
Common Shares(1)
|
| |
C$5.22
|
| |
5,417
|
|
March 18, 2022
|
| |
Common Shares(1)
|
| |
C$5.22
|
| |
3,667
|
|
March 17, 2022
|
| |
Common Shares(1)
|
| |
C$5.22
|
| |
5,194
|
|
March 16, 2022
|
| |
Common Shares(1)
|
| |
C$5.40
|
| |
3,139
|
|
March 15, 2022
|
| |
Common Shares(1)
|
| |
C$5.40
|
| |
4,861
|
|
March 14, 2022
|
| |
Common Shares(1)
|
| |
C$5.40
|
| |
2,056
|
|
March 11, 2022
|
| |
Common Shares(1)
|
| |
C$5.40
|
| |
3,750
|
|
March 10, 2022
|
| |
Common Shares(1)
|
| |
C$5.40
|
| |
16,750
|
|
March 9, 2022
|
| |
Common Shares(1)
|
| |
C$5.22
|
| |
7,778
|
|
March 8, 2022
|
| |
Common Shares(2)
|
| |
C$5.58
|
| |
112,729
|
|
March 8, 2022
|
| |
Common Shares(1)
|
| |
C$5.40
|
| |
5,694
|
|
March 7, 2022
|
| |
Common Shares(1)
|
| |
C$5.40
|
| |
5,972
|
|
March 4, 2022
|
| |
Common Shares(1)
|
| |
C$5.40
|
| |
8,267
|
|
March 3, 2022
|
| |
Common Shares(1)
|
| |
C$5.22
|
| |
5,572
|
|
Date
|
| |
Type of Security Issued
|
| |
Issuance/Exercise/
Conversion Price per Security |
| |
Number of Securities
|
|
March 2, 2022
|
| |
Common Shares(1)
|
| |
C$5.22
|
| |
6,500
|
|
March 1, 2022
|
| |
Common Shares(1)
|
| |
C$5.22
|
| |
556
|
|
February 22, 2022
|
| |
Common Shares(1)
|
| |
C$5.22
|
| |
111
|
|
February 18, 2022
|
| |
Common Shares(1)
|
| |
C$5.40
|
| |
2,917
|
|
February 17, 2022
|
| |
Common Shares(1)
|
| |
C$5.22
|
| |
417
|
|
January 22, 2022
|
| |
Common Shares(1)
|
| |
C$5.58
|
| |
3,000
|
|
January 21, 2022
|
| |
Common Shares(1)
|
| |
C$5.58
|
| |
83
|
|
January 19, 2022
|
| |
Options
|
| |
C$5.40
|
| |
222,274
|
|
January 11, 2022
|
| |
Common Shares(3)
|
| |
C$2.52
|
| |
926
|
|
December 9, 2021
|
| |
Common Shares(2)
|
| |
C$5.58
|
| |
112,729
|
|
December 7, 2021
|
| |
Common Shares(2)
|
| |
C$5.58
|
| |
112,729
|
|
December 1, 2021
|
| |
Common Shares(4)
|
| |
C$2.52
|
| |
19,444
|
|
November 30, 2021
|
| |
Common Shares(2)
|
| |
C$5.58
|
| |
112,729
|
|
November 19, 2021
|
| |
Common Shares(2)
|
| |
C$5.58
|
| |
225,458
|
|
November 11, 2021
|
| |
Common Shares(2)
|
| |
C$5.58
|
| |
225,458
|
|
November 8, 2021
|
| |
Common Shares(2)
|
| |
C$5.58
|
| |
112,729
|
|
November 8, 2021
|
| |
Common Shares(4)
|
| |
C$2.52
|
| |
19,444
|
|
November 8, 2021
|
| |
Options(5)
|
| |
C$6.30
|
| |
13,889
|
|
November 8, 2021
|
| |
RSUs(5)
|
| |
C$6.30
|
| |
2,778
|
|
November 8, 2021
|
| |
DSUs(5)
|
| |
C$6.30
|
| |
1,984
|
|
October 25, 2021
|
| |
Common Shares(6)
|
| |
C$6.12
|
| |
11,111
|
|
October 22, 2021
|
| |
Convertible Senior Secured Notes(7)
|
| |
225.46 Common
Shares per US$1,000 principal amount of Notes |
| |
US$7,500,000
|
|
October 20, 2021
|
| |
Common Shares(3)
|
| |
C$5.58
|
| |
338,187
|
|
September 2, 2021
|
| |
Common Shares(8)
|
| |
C$4.50
|
| |
2,119,444
|
|
September 2, 2021
|
| |
Convertible Senior Secured Notes(7)
|
| |
225.46 Common
Shares per US$1,000 principal amount of Notes |
| |
US$37,500,000
|
|
July 23, 2021
|
| |
Common Shares(9)
|
| |
C$5.76
|
| |
24,167
|
|
July 16, 2021
|
| |
Common Shares(10)
|
| |
C$3.78
|
| |
43,403
|
|
June 22, 2021
|
| |
Common Shares(11)
|
| |
C$6.12
|
| |
12,500
|
|
June 17, 2021
|
| |
Common Shares(9)
|
| |
C$5.76
|
| |
2,722
|
|
June 16, 2021
|
| |
Common Shares(9)
|
| |
C$5.76
|
| |
10,833
|
|
June 15, 2021
|
| |
Common Shares(9)
|
| |
C$5.76
|
| |
11,111
|
|
June 14, 2021
|
| |
Common Shares(9)
|
| |
C$5.76
|
| |
1,444
|
|
June 3, 2021
|
| |
Common Shares(9)
|
| |
C$5.94
|
| |
8,500
|
|
Period
|
| |
High Trading Price
(C$) |
| |
Low Trading Price
(C$) |
| |
Volume
|
| ||||||
May, 2021
|
| | | | 6.4799 | | | | | | 5.76 | | | |
413,173
|
|
June, 2021
|
| | | | 6.21 | | | | | | 5.22 | | | |
956,091
|
|
July, 2021
|
| | | | 6.12 | | | | | | 4.68 | | | |
555,354
|
|
August, 2021
|
| | | | 5.85 | | | | | | 4.95 | | | |
522,817
|
|
September, 2021
|
| | | | 5.49 | | | | | | 4.68 | | | |
651,962
|
|
October, 2021
|
| | | | 6.03 | | | | | | 4.59 | | | |
653,898
|
|
November, 2021
|
| | | | 7.6499 | | | | | | 5.22 | | | |
2,380,747
|
|
December, 2021
|
| | | | 6.4799 | | | | | | 5.31 | | | |
756,203
|
|
January, 2022
|
| | | | 5.76 | | | | | | 4.59 | | | |
797,100
|
|
February, 2022
|
| | | | 5.4 | | | | | | 4.68 | | | |
498,127
|
|
March, 2022
|
| | | | 5.58 | | | | | | 5.04 | | | |
836,856
|
|
April, 2022
|
| | | | 6.98 | | | | | | 5.22 | | | |
2,065,827
|
|
May 1 to May 16, 2022
|
| | | | 5.88 | | | | | | 4.40 | | | |
2,134,958
|
|
DESCRIPTION
|
| |
PAGE NO.
|
| |||
ABOUT THIS PROSPECTUS
|
| | | | 2 | | |
FINANCIAL INFORMATION AND CURRENCY
|
| | | | 2 | | |
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENT
|
| | | | 2 | | |
CAUTIONARY NOTE REGARDING FUTURE-ORIENTED FINANCIAL INFORMATION
|
| | | | 3 | | |
DOCUMENTS INCORPORATED BY REFERENCE
|
| | | | 4 | | |
MARKETING MATERIALS
|
| | | | 5 | | |
THE CORPORATION
|
| | | | 5 | | |
RISK FACTORS
|
| | | | 9 | | |
CONSOLIDATED CAPITALIZATION
|
| | | | 12 | | |
USE OF PROCEEDS
|
| | | | 12 | | |
PLAN OF DISTRIBUTION
|
| | | | 12 | | |
DESCRIPTION OF SECURITIES BEING DISTRIBUTED
|
| | | | 14 | | |
CERTAIN CANADIAN FEDERAL INCOME TAX CONSIDERATIONS
|
| | | | 18 | | |
PRIOR SALES
|
| | | | 18 | | |
TRADING PRICE AND VOLUME
|
| | | | 18 | | |
LEGAL MATTERS
|
| | | | 18 | | |
INTEREST OF EXPERTS
|
| | | | 18 | | |
AUDITORS
|
| | | | 19 | | |
DOCUMENTS FILED AS PART OF THE REGISTRATION STATEMENT
|
| | | | 19 | | |
In 000s
|
| |
Nov
2020 |
| |
Dec
2020 |
| |
Jan
2021 |
| |
Feb
2021 |
| |
Mar
2021 |
| |
Apr
2021 |
| |
May
2021 |
| |
Jun
2021 |
| |
Jul
2021 |
| |
Aug
2021 |
| |
Sep
2021 |
| |
Oct
2021 |
| |
TOTAL
|
| |||||||||||||||||||||||||||||||||||||||
Opening Cash (as at the beginning of the
period) |
| | | $ | 4,187 | | | | | $ | 3,440 | | | | | $ | 2,826 | | | | | $ | 2,335 | | | | | $ | 2,312 | | | | | $ | 2,143 | | | | | $ | 1,981 | | | | | $ | 1,640 | | | | | $ | 1,285 | | | | | $ | 886 | | | | | $ | 590 | | | | | $ | 304 | | | | | | | | |
Corporate Expenses
|
| | | $ | (255) | | | | | $ | (167) | | | | | $ | (157) | | | | | $ | (4) | | | | | $ | (155) | | | | | $ | (109) | | | | | $ | (109) | | | | | $ | (155) | | | | | $ | (172) | | | | | $ | (97) | | | | | $ | (86) | | | | | $ | (97) | | | | | $ | (1,563) | | |
Refinery Expenses
|
| | | $ | (381) | | | | | $ | (328) | | | | | $ | (322) | | | | | $ | (5) | | | | | $ | (2) | | | | | $ | (17) | | | | | $ | (14) | | | | | $ | (2) | | | | | $ | (2) | | | | | $ | (2) | | | | | $ | (2) | | | | | $ | (2) | | | | | $ | (1,079) | | |
Cobalt Camp
|
| | | $ | (50) | | | | | $ | (50) | | | | | $ | (10) | | | | | $ | (13) | | | | | $ | (10) | | | | | $ | (10) | | | | | $ | (196) | | | | | $ | (196) | | | | | $ | (196) | | | | | $ | (196) | | | | | $ | (196) | | | | | $ | (196) | | | | | $ | (1,319) | | |
Iron Creek Project
|
| | | $ | (62) | | | | | $ | (69) | | | | | $ | (2) | | | | | $ | (2) | | | | | $ | (2) | | | | | $ | (27) | | | | | $ | (22) | | | | | $ | (2) | | | | | $ | (29) | | | | | $ | (2) | | | | | $ | (2) | | | | | $ | (2) | | | | | $ | (223) | | |
Total Expenses
|
| | | $ | (748) | | | | | $ | (614) | | | | | $ | (491) | | | | | $ | (24) | | | | | $ | (169) | | | | | $ | (163) | | | | | $ | (341) | | | | | $ | (355) | | | | | $ | (399) | | | | | $ | (297) | | | | | $ | (286) | | | | | $ | (297) | | | | | $ | (4,184) | | |
Ending Cash (as at the end of the period)
|
| | | $ | 3,439 | | | | | $ | 2,826 | | | | | $ | 2,335 | | | | | $ | 2,311 | | | | | $ | 2,143 | | | | | $ | 1,980 | | | | | $ | 1,640 | | | | | $ | 1,285 | | | | | $ | 886 | | | | | $ | 589 | | | | | $ | 304 | | | | | $ | 7 | | | | | | | | |