Electra Battery Materials granted extension by Nasdaq to regain compliance

Electra Battery Materials has received an additional 180-days notice from Nasdaq to regain compliance with the minimum bid price requirement of $1.00 per share. The extension has no immediate effect on the listing or trading of the company’s common shares on Nasdaq, and the company’s operations are not affected by the receipt of the Extension. The company has until September 16 to regain compliance with the Minimum Bid Requirement, during which time the Shares will continue to trade on Nasdaq. If at any time before September 16, the bid price of the Shares closes at or above $1.00 per Share for a minimum of 10 consecutive business days, the company will regain compliance with the Minimum Bid Requirement.