Overview
- TickerELBM on Nasdaq1
- IndustryMining & Quarrying of Nonmetallic Minerals (No Fuels)1
- HeadquartersA61
- Incorporated inOntario, Canada3
- Business addressSuite 3200, Bay Adelaide Centre, 40 Temperance St., Toronto, M5H 0B43
- Filer categoryNon-accelerated filer, Emerging growth company3
- Legal formCorporation
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Electra was incorporated under the provisions of the Business Corporations Act (British Columbia) (the “ BCBCA ”) on July 13, 2011 under the name Patrone Gold Corp. and became a reporting issuer in British Columbia and Alberta upon completion of an arrangement with Unity Energy Corp. on October 2, 2012. On October 3, 2013, the Company changed its name from Patrone Gold Corp. to Aurgent Gold Corp. On March 11, 2014, the Company changed its name from Aurgent Gold Corp. to Aurgent Resource Corp., and on September 22, 2016, the Company changed its name from Aurgent Resource Corp. to First Cobalt Corp. On October 26, 2017, shareholders of the Company approved a continuation under the Canada Business Corporations Act (the “ CBCA ”). The Company’s continuation under the CBCA was implemented as of September 4, 2018. On December 6, 2021, the Company changed its name from First Cobalt Corp. to Ele…4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| General and administrative | 3.1M CAD | 2.9M CAD | 2.4M CAD |
| Consulting and professional fees | 5.1M CAD | 3.8M CAD | 4.7M CAD |
| Acquisition cost | 255.0K CAD | 442.0K CAD | 700.0K CAD |
| Investor relations and marketing | 622.0K CAD | 811.0K CAD | 633.0K CAD |
| Salaries and benefits | 6.5M CAD | 4.3M CAD | 3.8M CAD |
| Share-based payments (Note 17) | 1.5M CAD | 1.7M CAD | 1.8M CAD |
| Operating loss: | 17.0M CAD | 14.0M CAD | 14.0M CAD |
| Unrealized gain (loss) on marketable securities (Note 8) | 4.0K CAD | 41.0K CAD | -253.0K CAD |
| (Loss) gain on financial derivative liability Convertible Notes (Note 11) | -10.4M CAD | -4.5M CAD | 6.7M CAD |
| Changes in fair value of US warrants (Note 14 and 17 (c)) | 74.4M CAD | 7.0K CAD | 1.2M CAD |
| Extinguishment of government loans | -8.0M CAD | ||
| Impairment | 0 CAD | 0 CAD | -51.9M CAD |
| Other non-operating loss (Note 19) | -12.3M CAD | -11.0M CAD | -6.5M CAD |
| Net loss | -133.5M CAD | -29.4M CAD | -64.7M CAD |
| Fair value adjustment of 2028 Notes and 2027 Notes due to own credit risk | 1.3M CAD | -1.3M CAD | 0 CAD |
| Foreign currency translation gain (loss) | -4.4M CAD | 7.5M CAD | -2.1M CAD |
| Net loss and other comprehensive loss | -136.6M CAD | -23.3M CAD | -66.7M CAD |
| Basic and diluted loss per share (Note 20) (in CAD per share) | -4.16 CAD | -2.07 CAD | -5.96 CAD |
| Weighted average number of common shares outstanding - Basic and diluted (Note 20) (in shares) | 32.1M shares | 14.3M shares | 10.9M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 39.0M CAD | 3.7M CAD | 7.6M CAD | 8.0M CAD |
| Marketable securities (Note 8) | 0 CAD | 12.0K CAD | ||
| Prepaid expenses and deposits | 812.0K CAD | 672.0K CAD | ||
| Receivables (Note 5) | 666.0K CAD | 1.3M CAD | ||
| Current assets | 40.5M CAD | 5.7M CAD | ||
| Exploration and evaluation assets (Note 7) | 88.8M CAD | 93.2M CAD | ||
| Property, plant and equipment (Note 6) | 55.1M CAD | 51.2M CAD | ||
| Capital long-term prepayments (Note 6) | 0 CAD | 139.0K CAD | ||
| Long-term restricted cash | 1.2M CAD | 1.2M CAD | ||
| Total Assets | 185.6M CAD | 151.4M CAD | ||
| Accounts payable and accrued liabilities | 5.8M CAD | 3.6M CAD | ||
| Accrued interest | 0 CAD | 2.8M CAD | ||
| Convertible notes payable (Note 11) | 0 CAD | 64.0M CAD | ||
| Warrants (Note 11) | 0 CAD | 1.6M CAD | ||
| US warrants (Note 14 and 17 (c)) | 81.7M CAD | 0 CAD | ||
| Lease liability (Note 15) | 55.0K CAD | 50.0K CAD | ||
| Deferred government grant (Note 10) | 642.0K CAD | 0 CAD | ||
| Current liabilities | 88.2M CAD | 72.0M CAD | ||
| Government grants (Note 10) | 3.1M CAD | 3.1M CAD | ||
| Royalty (Note 12) | 2.3M CAD | 1.3M CAD | ||
| Balance at December 31 Long-term portion | 27.0K CAD | 83.0K CAD | ||
| Asset retirement obligations (Note 9) | 2.3M CAD | 2.8M CAD | 3.1M CAD | |
| Total Liabilities | 139.3M CAD | 87.1M CAD | ||
| Common shares (Note 16) | 420.0M CAD | 307.7M CAD | ||
| Reserve (Note 16) | 33.1M CAD | 26.8M CAD | ||
| Accumulated other comprehensive income | 1.5M CAD | 4.6M CAD | ||
| Deficit | -408.4M CAD | -274.9M CAD | ||
| Total Shareholders Equity | 46.2M CAD | 64.3M CAD | 83.3M CAD | 126.5M CAD |
| Total Liabilities and Shareholders Equity | 185.6M CAD | 151.4M CAD |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 39.0M CAD | 3.7M CAD | 7.6M CAD | 8.0M CAD |
| Marketable securities (Note 8) | 0 CAD | 12.0K CAD | ||
| Prepaid expenses and deposits | 812.0K CAD | 672.0K CAD | ||
| Receivables (Note 5) | 666.0K CAD | 1.3M CAD | ||
| Current assets | 40.5M CAD | 5.7M CAD | ||
| Exploration and evaluation assets (Note 7) | 88.8M CAD | 93.2M CAD | ||
| Property, plant and equipment (Note 6) | 55.1M CAD | 51.2M CAD | ||
| Capital long-term prepayments (Note 6) | 0 CAD | 139.0K CAD | ||
| Long-term restricted cash | 1.2M CAD | 1.2M CAD | ||
| Total Assets | 185.6M CAD | 151.4M CAD | ||
| Accounts payable and accrued liabilities | 5.8M CAD | 3.6M CAD | ||
| Accrued interest | 0 CAD | 2.8M CAD | ||
| Convertible notes payable (Note 11) | 0 CAD | 64.0M CAD | ||
| Warrants (Note 11) | 0 CAD | 1.6M CAD | ||
| US warrants (Note 14 and 17 (c)) | 81.7M CAD | 0 CAD | ||
| Lease liability (Note 15) | 55.0K CAD | 50.0K CAD | ||
| Deferred government grant (Note 10) | 642.0K CAD | 0 CAD | ||
| Current liabilities | 88.2M CAD | 72.0M CAD | ||
| Government grants (Note 10) | 3.1M CAD | 3.1M CAD | ||
| Royalty (Note 12) | 2.3M CAD | 1.3M CAD | ||
| Balance at December 31 Long-term portion | 27.0K CAD | 83.0K CAD | ||
| Asset retirement obligations (Note 9) | 2.3M CAD | 2.8M CAD | 3.1M CAD | |
| Total Liabilities | 139.3M CAD | 87.1M CAD | ||
| Common shares (Note 16) | 420.0M CAD | 307.7M CAD | ||
| Reserve (Note 16) | 33.1M CAD | 26.8M CAD | ||
| Accumulated other comprehensive income | 1.5M CAD | 4.6M CAD | ||
| Deficit | -408.4M CAD | -274.9M CAD | ||
| Total Shareholders Equity | 46.2M CAD | 64.3M CAD | 83.3M CAD | 126.5M CAD |
| Total Liabilities and Shareholders Equity | 185.6M CAD | 151.4M CAD |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -133.5M CAD | -29.4M CAD | -64.7M CAD |
| Share-based payments | 1.7M CAD | 1.8M CAD | 1.8M CAD |
| Change in fair value of marketable securities | -4.0K CAD | -41.0K CAD | 253.0K CAD |
| Realized gain on marketable securities | -1.0K CAD | -306.0K CAD | -90.0K CAD |
| Depreciation (Note 6) | 96.0K CAD | 65.0K CAD | 56.0K CAD |
| Accretion (Notes 9, 10 and 12, 13) | 995.0K CAD | 1.0M CAD | 0 CAD |
| Loss on extinguishment of 2026 Notes and recognition of 2028 Notes | 8.0M CAD | ||
| Cancellation of 2028 Warrants (Note 11) | -1.8M CAD | 137.0K CAD | -30.8M CAD |
| Settlement of transaction costs on 2028 Notes | 0 CAD | 0 CAD | -240.0K CAD |
| Impairment charge | 0 CAD | 0 CAD | 51.9M CAD |
| Loss on extinguishment of royalty (Note 12) | 1.0M CAD | 0 CAD | 0 CAD |
| Changes in fair value of US warrants (Note 14 and 19) | -74.4M CAD | -7.0K CAD | -1.2M CAD |
| Performance based incentive payment | 0 CAD | 134.0K CAD | 0 CAD |
| Unrealized loss on foreign exchange | -1.8M CAD | 4.3M CAD | 696.0K CAD |
| Broker warrants issued in the New Equity Offering recorded in profit or loss | 1.8M CAD | 0 CAD | 0 CAD |
| Other | 0 CAD | 0 CAD | 15.0K CAD |
| Adjustments to reconcile profit (loss) | -19.3M CAD | -11.3M CAD | -13.7M CAD |
| Increase (decrease) in receivables | 644.0K CAD | -229.0K CAD | 1.8M CAD |
| Increase in prepaid expenses and other assets | -140.0K CAD | -204.0K CAD | 247.0K CAD |
| (Decrease) increase in accounts payable and accrued liabilities | 2.2M CAD | -5.2M CAD | -11.5M CAD |
| Increase in deferred government loan | 641.0K CAD | 0 CAD | 0 CAD |
| Cash used in operating activities | -15.9M CAD | -17.0M CAD | -23.0M CAD |
| Payment (transfer) to / from restricted cash | 0 CAD | 888.0K CAD | -1.2M CAD |
| Proceeds from sale of marketable securities (Note 8) | 17.0K CAD | 930.0K CAD | 816.0K CAD |
| Exploration and evaluation expenditures | 0 CAD | -36.0K CAD | 0 CAD |
| Additions to property, plant and equipment (Note 6) | -4.5M CAD | -519.0K CAD | -13.7M CAD |
| Cash provided in investing activities | -4.5M CAD | 1.3M CAD | -14.0M CAD |
| Proceeds from issuance of shares | 0 CAD | 1.2M CAD | 20.0M CAD |
| Transaction costs | 0 CAD | 0 CAD | -284.0K CAD |
| Proceeds from borrowings | 4.7M CAD | ||
| Proceeds from exercise of warrants and stock options(Note 14) | 5.0M CAD | 0 CAD | 0 CAD |
| Exercise of Convertible Notes | 0 CAD | 0 CAD | 397.0K CAD |
| Payment of lease liability, net of interest | -50.0K CAD | -42.0K CAD | -43.0K CAD |
| Cash provided by financing activities | 55.7M CAD | 11.9M CAD | 36.5M CAD |
| Change in cash during the period | 35.3M CAD | -3.9M CAD | -556.0K CAD |
| Effect of exchange rates | -3.0K CAD | 7.0K CAD | 164.0K CAD |
| Transaction costs | 0 CAD | 180.0K CAD | 1.6M CAD |
No quarter-by-quarter statement was filed.
Corporate structure
Electra Battery Materials Corp sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Electra Battery Materials Corp
- WHITEBOX ADVISORS LLC Filed SCHEDULE 13G/A on Electra Battery Materials Corp, latest Aug 14, 2026 (11 filings since Feb 14, 2023)
- O'Connor Alternative Investments, LLC Filed SCHEDULE 13G on Electra Battery Materials Corp, latest Apr 29, 2026
- OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) Filed SCHEDULE 13G/A on Electra Battery Materials Corp, latest Apr 29, 2026 (6 filings since Jul 25, 2025)
- HIGHBRIDGE CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Electra Battery Materials Corp, latest Oct 24, 2025 (4 filings since Jul 24, 2025)
- NewGen Asset Management Ltd Filed SC 13G/A on Electra Battery Materials Corp, latest Nov 13, 2024 (3 filings since Dec 19, 2023)
- Electra Battery Materials Corp A6
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Electra Battery Materials Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Operating-lease assets (leased space) | 82.0K CAD2 Dec 31, 2025 | 140.0K CAD2 Dec 31, 2024 | −41.4% |
Investments
Leadership
Named in SEC Form D filings
People the company listed in its private-offering notices.
- Executive OfficerGeorge Puvvada named Apr 25, 2025 to Nov 7, 20257
- Executive OfficerHeather Smiles named Apr 25, 2025 to Nov 7, 20257
- Executive OfficerMarty Rendall named Apr 25, 2025 to Nov 7, 20257
- Executive OfficerMichael Insulan named Apr 25, 2025 to Nov 7, 20257
- Executive OfficerPaolo Toscano named Nov 7, 20257
- Executive Officer, DirectorTrent Mell named Aug 25, 2023 to Nov 7, 20257
- Executive OfficerMark Trevisiol named Apr 25, 20258
- DirectorAlden Greenhouse named Apr 25, 2025 to Nov 7, 20257
- DirectorDavid Stetson named Nov 7, 20257
- DirectorGerard Hueber named Nov 7, 20257
- DirectorJody Thomas named Nov 7, 20257
- DirectorJohn Pollesel named Apr 25, 2025 to Nov 7, 20257
- DirectorSusan Uthayakumar named Apr 25, 2025 to Nov 7, 20257
- DirectorC.L. (Butch) Otter named Apr 25, 20258
Calendar
Coming up
- Nov 12, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.20) a share, on Nov 13, 2025.9
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
275 filings to the SEC since October 2021: 6 annual reports, 25 large holders, 5 private raises, 239 other. The latest 20:
- Oct 13, 20266-K EDGAR
- Oct 5, 20266-K EDGAR
- Oct 5, 20266-K EDGAR
- Sep 16, 20266-K EDGAR
- Sep 16, 20266-K EDGAR
- Sep 3, 20266-K EDGAR
- Sep 1, 20266-K EDGAR
- Aug 26, 20266-K EDGAR
- Aug 20, 20266-K EDGAR
- Aug 18, 20266-K EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 12, 20266-K EDGAR
- Aug 6, 20266-K EDGAR
- Jul 20, 20266-K EDGAR
- Jul 6, 20266-K EDGAR
- Jun 23, 20266-K EDGAR
- Jun 8, 20266-K EDGAR
- Jun 4, 20266-K EDGAR
- May 21, 20266-K EDGAR
- May 15, 2026SCHEDULE 13G/A EDGAR
The 275 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- WHITEBOX ADVISORS LLCSCHEDULE 13G/A, 11 filings Feb 14, 2023 to Aug 14, 202610
- O'Connor Alternative Investments, LLCSCHEDULE 13G, 1 filing Apr 29, 202611
- OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC)SCHEDULE 13G/A, 6 filings Jul 25, 2025 to Apr 29, 202612
- HIGHBRIDGE CAPITAL MANAGEMENT LLCSCHEDULE 13G, 4 filings Jul 24, 2025 to Oct 24, 202513
- NewGen Asset Management LtdSC 13G/A, 3 filings Dec 19, 2023 to Nov 13, 202414
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $111.3M
- Federal grants $20.0M
Figures by year
| Year | Private raises (Form D) | Federal grants | Total |
|---|---|---|---|
| 2025 | $105.2M | $10.0M | $115.2M |
| 2024 | – | $10.0M | $10.0M |
| 2023 | $6.1M | – | $6.1M |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
- Oct 22, 2025Raised $69.1 million in a private offering of securities7 Form D: $137.9 million offered in all Form D
- Oct 22, 2025Raised $34.5 million in a private offering of equity15 Form D: 154 investors so far Form D
- Apr 4, 2025Raised $1.6 million in a private offering of equity8 Form D: $6 million offered in all Form D
- Aug 11, 2023Raised $6.1 million in a private offering of equity16 Form D: named in the filing: Trent Mell Form D
Federal awards
Obligated amounts from USAspending.gov17, by calendar year, 2024–2025, for its registration. Obligations are what agencies committed, not always what was paid out. Contracts pay for goods and services; grants, loans and direct payments are assistance. Loans are charted at the face value of the loans listed here. An award’s amount below is its lifetime total, and some began before the years charted.
Largest grants
- Aug 19, 2024$20.0M from Department of the Air Force: Defense Production Act Title Iii (Dpa Title Iii)18 To ELECTRA BATTERY MATERIALS CORPORATION Award FA86502425503
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 29. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Whitebox Advisors LLC | 6,892,107 | $4.2M | 0.2% | −1,307,992 |
| Highbridge Capital Management LLC | 6,209,511 | $3.7M | 0.2% | −1,633,236 |
| Peak6 LLC | 1,249,080 | $754.2K | 0.0% | No change |
| Diametric Capital, LP | 516,559 | $316.3K | 0.0% | +262,145 |
| Jane Street Group, LLC | 314,398 | $189.8K | 0.0% | +63,992 |
| Rathbones Group PLC | 250,171 | $152.6K | 0.0% | −250,171 |
| Jpmorgan Chase & Co | 185,919 | $97.8K | 0.0% | New |
| Huntington National Bank | 123,456 | $74.5K | 0.0% | No change |
| XTX Topco Ltd | 56,178 | $33.9K | 0.0% | −212,803 |
| Prelude Capital Management, LLC | 41,674 | $25.2K | 0.0% | +2,256 |
| UBS Group AG | 26,840 | $16.2K | 0.0% | +5,272 |
| Scotia Capital Inc. | 25,165 | $15.1K | 0.0% | No change |
| Cibc World Market Inc. | 22,299 | $13.7K | 0.0% | +11,000 |
| Persistent Asset Partners Ltd | 19,180 | $11.7K | 0.0% | New |
| Jefferies Financial Group Inc. | 20,000 | $11.1K | 0.0% | No change |
| Geode Capital Management, LLC | 17,217 | $10.4K | 0.0% | New |
| LPL Financial LLC | 15,286 | $9.2K | 0.0% | +1,255 |
| Bank Of Montreal /can/ | 13,223 | $8.1K | 0.0% | New |
| New Harbor Financial Group, LLC | 13,000 | $7.8K | 0.0% | New |
| Susquehanna International Group, Llp | 12,687 | $7.7K | 0.0% | New |
| Royal Bank Of Canada | 11,169 | $7.0K | 0.0% | −3,710 |
| Federation des caisses Desjardins du Quebec | 8,984 | $5.4K | 0.0% | No change |
| Leonteq Securities AG | 4,702 | $4.1K | 0.0% | No change |
| Morgan Stanley | 5,929 | $3.6K | 0.0% | +4,748 |
| Wells Fargo & Company/mn | 1,750 | $1.1K | 0.0% | No change |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Electra Battery Materials Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARElectra Battery Materials Corp1
- CIK0001907184
- Filer statusNon-accelerated filer an emerging growth company; not a shell company4
- Incorporated inCanada4
- Fiscal year endsDecember 311
- Industry code (SIC)1400 Mining & Quarrying of Nonmetallic Minerals (No Fuels)1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business addressSuite 3200, Bay Adelaide Centre, 40 Temperance St., Toronto, M5H 0B4, Ontario, Canada1
- Mailing addressElectra Head Office, 133 Richmond Street W, Suite 602, Toronto, M5H 2L3, Ontario, Canada1
- Phone416-900-38911
- Shares outstanding103,738,330 shares as of Dec 31, 20254
- AuditorMNP LLP, Toronto, Ontario PCAOB ID 1930; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceApr 14, 20221
- Filings275 in all: 6-K (192), SCHEDULE 13D/A (8), CORRESP (6), F-3/A (5), SUPPL (5), UPLOAD (5), D (4), F-X (4)1
All 30 form types
SC 13G/A (4), SCHEDULE 13G (4), SCHEDULE 13G/A (4), 20-F (3), 6-K/A (3), F-10 (3), SCHEDULE 13D (3), 20-F/A (2), 424B5 (2), EFFECT (2), F-3 (2), FWP (2), RW (2), SC 13G (2), 40-F (1), 40FR12B (1), 424B3 (1), CERT (1), D/A (1), NT 20-F (1), S-8 (1), SEC STAFF ACTION (1)
- Latest filingsAnnual report (20-F) Mar 30, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Shares | ELBM | Nasdaq |
From the cover page of the 20-F filed Mar 30, 2026 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 9NasdaqNasdaq calendar
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- 18USAspending.govFA86502425503: Department of the Air Force