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Electra Increases Base Shelf Offering Size by $50 million
Electra Increases Base Shelf Offering Size by $50 million Canada NewsWire ...
About this update from Electra Battery Materials Corp
[{"type":"text","content":"\n \n \n \n Electra Increases Base Shelf Offering Size by $50 million\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/\n \n \n \n TSX.V: FCC\n \n OTCQX: FTSSF\n \n \n \n TORONTO\n \n ,\n \n Nov. 30, 2021\n \n /CNW/ - First Cobalt Corp. (d/b/a Electra Battery Materials Corporation) (TSXV: FCC) (OTCQX: FTSSF) (the \"Company\") is pleased to announce that it has filed with the Canadian securities regulatory authorities in each of the provinces and territories of\n \n Canada\n \n , an amendment to its short form base shelf prospectus dated\n \n November 26, 2020\n \n (the \"\n \n Prospectus\n \n \" and, as amended, the \"\n \n Amended Prospectus\n \n \") to increase the total offering price of the securities of the Company that may be offered from time to time under the Prospectus from\n \n $20,000,000\n \n to\n \n $70,000,000\n \n (or the equivalent thereof in U.S. dollars or other currencies).  Under the Prospectus, the Company has previously distributed: (a) units with an aggregate principal amount of\n \n $9,775,230\n \n ; (b) an aggregate of\n \n $686,274.10\n \n of common shares of the Company under an at-the-market equity program established on\n \n February 22, 2021\n \n (which was subsequently terminated upon the closing of a note offering and equity offering; and (c) an aggregate of $9,537,500 of common shares pursuant to an equity offering.\n \n \n The Amended Prospectus has been filed to give the Company additional flexibility to consider future financing opportunities under favourable market conditions to advance its battery materials park and other growth plans to increase shareholder value.  The Company is currently expanding its Canadian hydrometallurgical refinery to produce cobalt sulfate as the first phase of its North American battery park strategy, with commissioning planned for Q4'2022. The subsequent phases, namely battery recycling, ni...