Electra Battery Materials Corp V.ELBM

more financing

[ustocks]

a barrel without  a bottom  , will drive the share price even lower , more dilution, no product before 2023 , if at all.  85%  imported from the DRC  ,just negatives ,a flop


dyodd

[Rockafellow2]

Could this belly up to a no play ????

[SimplyRunRig]

The ATM has been there for a while as part of the whole financing package to get them to production. This is only an update to say that they will sell shares on Nasdaq.

[Silverad0]

First we have too many shares.  Now we dont have enough shares.  I thought we were fully financed but apparently we need more money hence issueing 20,000,000 or 360,000,000 on top of the what was it 560,000,000 before the 18:1.  Such bull sh1t.   As soon as I saw red when I checked in this morning I figured there had to be an anouncement.  I figure 1 more anouncemnet

[DonFalo]

This was highly expected ... no? They have no income. But so soon after RS. Bad optics along with CFO leaving. Even the share issuance program name (ATM) sounds a wee bit entitled. Keep saying in press release IF ultimately issued. Typical lawyer talk ... wasn't Trent a former lawyer? I would like to bet there will be zero chance of IF they are ultimately issued. Being used for this and that

[NatureBoy]

Well stated, DonFalo...and agree. Not to be overly cynical, the optics are miserably managed.  Trent is a lawyer, for certain! I was hoping for more CEO and less lawyer. But alas... Operating expenses certainly continue along with salaries, regardless of benchmark progress toward revenue generation.  More dilution can be anticipated as the communication volume intensifies about the

[Silverad0]

DonFalo based on curent SP it looks like 72,580,645 more shares than we need based on preconsolidated numbers.  Yes I read the news release without my glasses on.  Again mixed feelings about more dilution even if this is a move to make shares available to the American market.  I buy shares in American companies that are not listed in Canada.  So Im not sure this was necessary.&

[SimplyRunRig]

The ATM has been in place since Jan 13, why complain about it now? That they haven't yet dipped into it and now they are able to use Nasdaq to use it are both good things. They're going to need money to get through to production, as long as they meet timelines, I'm good with it. If they expand it to a $60M ATM, I might complain.

[Rockafellow2]

How many shares in ATM is there to sell???

[dothemathpeople]

"Both good things"; you sure about that DF? "as long as they meet time lines"; you think they will?  Yer getting soft DF.

[Silverad0]

I read this anouncment again.  This is new as in adition to the offering done last fall.  Again dilution is not the solution!

[SimplyRunRig]

No, the previous announcement said: "Sales of Common Shares, if any, under the ATM program are anticipated to be made in transactions that are deemed to be "at-the-market distributions" as defined in National Instrument 44-102 – Shelf Distributions, as sales made directly on the TSX Venture (the "TSXV") or any other recognized Canadian "marketplace" within

[SimplyRunRig]

My mistake, it does seem to be separate from the offering last fall. It is the same offering announced in January.