Whitebox Advisors LLC Reports 9.9% Ownership in Electra Battery Materials Corp

Whitebox Advisors LLC and Whitebox General Partner LLC have filed a Schedule 13G amendment with the SEC, reporting a 9.9% ownership in Electra Battery Materials Corp. The filing indicates that as of October 22, 2025, the reporting entities beneficially own 9,271,572 common shares of the company. The shares are held by Whitebox Advisors LLC's clients, and the filing includes details about warrants and pre-funded warrants that are subject to beneficial ownership limitations. The filing also states that the shares were not acquired for the purpose of influencing the control of the issuer. The amendment follows the termination of any 'group' that may have existed between the reporting persons and other named holders of the issuer's convertible notes.