Electra Battery Materials Corp (ELBM) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: November 25, 2025

Risk Assessment Details

Potential Dilution: 1032.76% of current shares
Recent Dilution: 19.49% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
18M
Potential Supply
180M
Additional shares possible
Splits
None
Past 2 years

Summary

ELBM currently has 17.7M outstanding shares. with significant dilution risk as 183M authorized shares could dilute existing holders by 1032.8%. The company has diluted shareholders by 19.49% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Nov 25, 2025

F-3 filing: The filing registers 108,836,744 common shares for resale by selling shareholders, including shares issued in a restructuring and shares issuable upon exercise of warrants.

18M 180M
Jun 27, 2025

F-3 filing: Electra Battery Materials Corporation may offer common shares, warrants, and units up to an aggregate initial offering price of US$20,000,000.

18M 74M
Apr 24, 2025

20-F filing | 14.8M shares outstanding

15M 56M
May 16, 2024

20-F filing | 55.9M shares outstanding

56M 56M
May 10, 2023

F-10 filing: This is a preliminary short form prospectus for a secondary offering of up to 55,564,959 common shares of Electra Battery Materials Corporation, representing shares issuable pursuant to convertible notes and warrants.

35M 56M
Apr 05, 2023

40-F filing | 35.2M shares outstanding

35M 0
Mar 02, 2023

F-10 filing: This is a preliminary short form base shelf prospectus relating to the offering for sale from time to time of securities of Electra Battery Materials Corporation with a total offering price of up to C$75,000,000.

N/A 0
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