Amendment No. 3 to Schedule 13D for Electra Battery Materials Corp

This Amendment No. 3 to Schedule 13D, filed by O'Connor, a distinct business unit of UBS Asset Management Americas (LLC), updates the ownership details of Common Shares of Electra Battery Materials Corp. The amendment reports that the reporting person holds 9,278,996 Common Shares, representing 9.9% of the outstanding shares. The amendment also clarifies that the reporting person does not have sole voting or dispositive power over these shares but shares such power. Additionally, the amendment notes the termination of any 'group' that may have been deemed to exist between the reporting person and other named holders. The filing includes detailed information on the transactions and the purpose behind them, as well as the source of funds used for these transactions.