Electra Battery Materials Launches US$5.5 Million At-the-Market Share Offering

The latest update is out from Electra Battery Materials Corp ( (TSE:ELBM) ).

On December 22, 2025, Electra Battery Materials Corporation announced it has established an at-the-market equity offering in the United States under an existing agreement with H.C. Wainwright & Co., allowing the company to issue up to US$5.5 million of common shares from time to time on Nasdaq at prevailing market prices. The program, enabled by an effective Form F-3 shelf registration and related prospectus filed with the SEC on December 11, 2025, gives Electra flexible access to incremental capital that can be deployed in line with its disclosed use-of-proceeds plan, potentially supporting the development of its cobalt refinery and broader critical minerals and recycling strategy while diluting existing shareholders in proportion to any future share sales under the facility.

The most recent analyst rating on (TSE:ELBM) stock is a Buy with a C$2.10 price target. To see the full list of analyst forecasts on Electra Battery Materials Corp stock, see the TSE:ELBM Stock Forecast page.

Spark’s Take on TSE:ELBM Stock

According to Spark, TipRanks’ AI Analyst, TSE:ELBM is a Underperform.

Electra Battery Materials Corp’s overall stock score is low due to its severe financial difficulties, including no revenue and high losses, and negative valuation metrics. While technical analysis indicates a bearish trend, recent corporate events show potential for future growth, but they are insufficient to offset current financial and operational challenges.

To see Spark’s full report on TSE:ELBM stock, click here.

More about Electra Battery Materials Corp

Electra Battery Materials Corporation is a North American critical minerals and battery materials company focused on advancing the continent’s lithium-ion battery supply chain. Its primary project is the construction of what it positions as North America’s only cobalt sulfate refinery, aimed at onshoring critical minerals refining and reducing reliance on foreign supply chains. Electra also controls a sizable land package in Idaho’s Cobalt Belt, including the Iron Creek project, giving it potential as a key future producer of cobalt and copper, and is pursuing black mass recycling to recover metals from end-of-life batteries while evaluating growth opportunities in nickel refining and other downstream battery materials.

Average Trading Volume: 663,566

Technical Sentiment Signal: Sell

Current Market Cap: C$126.4M

For detailed information about ELBM stock, go to TipRanks’ Stock Analysis page.