Electra Battery Materials Corp 6-K/A, filed Nov 27, 2024

Electra Battery Materials Corp (ELBM)

6-K/A 2024-11-27 For: 2024-11-27

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Added on August 22, 2026

About this 6-K/A

Electra Battery Materials Corp filed this 6-K/A on November 27, 2024.

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	ELECTRA BATTER MATERIALS CORPORATION
	(Registrant)

Date: November 27, 2024	By:	/s/ Trent Mell
		Name:	Trent Mell
		Title:	Chief Executive Officer and Director

Exhibit Number		Document Description

99.1		Indenture by and between Electra Battery Materials Corporation, the Guarantors, and GLAS Trust Company dated November 27, 2024
99.2		Supplemental Indenture between Electra Battery Materials Corporation, the Guarantors, and GLAS Trust Company, LLC dated November 27, 2024
99.3		Warrant Indenture between Electra Battery Materials Corporation and TSX Trust Company dated November 27, 2024
99.4		Second Supplemental Warrant Indenture between Electra Battery Materials Corporation and TSX Trust Company dated November 27, 2024
99.5		Limited Waiver, by and among Electra Battery Materials Corporation, the Guarantors, the Holders, and GLAS Trust Company, LLC dated November 27, 2024

		PAGE

Article 1 Definitions		2
Section 1.01	Definitions	2
Section 1.02	References to Interest	43
Section 1.03	Divisions	43

Article 2 Issue, Description, Execution, Registration and Exchange of Notes		44
Section 2.01	Designation and Amount	44
Section 2.02	Form of Notes	44
Section 2.03	Accrual of Interest	45
Section 2.04	Date and Denomination of Notes; Interest and Defaulted Amounts	46
Section 2.05	Execution, Authentication	47
Section 2.06	Exchange and Registration of Transfer of Notes; Restrictions on Transfer; Depositary	48
Section 2.07	Mutilated, Destroyed, Lost or Stolen Notes	56
Section 2.08	Temporary Notes	57
Section 2.09	Cancellation of Notes Paid, Converted, Etc.	57
Section 2.10	CUSIP and ISIN Numbers	57
Section 2.11	Repurchases	57
Section 2.12	Uncertificated Notes	58

Article 3 Satisfaction and Discharge; Covenant Defeasance		59
Section 3.01	Satisfaction and Discharge	59
Section 3.02	Covenant Defeasance	59
Section 3.03	Repayment to Company	60
Section 3.04	Deposited Moneys to be Held in Trust	60
Section 3.05	Payment of Moneys Held by Paying Agents	61

Article 4 Particular Covenants of the Company		61
Section 4.01	Payment of Principal and Interest	61
Section 4.02	Maintenance of Office or Agency	61
Section 4.03	Appointments to Fill Vacancies in Trustee’s Office	62
Section 4.04	Provisions as to Paying Agent	62
Section 4.05	Existence	63
Section 4.06	Information Requirement and Annual Reports	63
Section 4.07	Stay, Extension and Usury Laws	64
Section 4.08	Limitation on Restricted Payments	65
Section 4.09	Limitations on Incurrence of Indebtedness and Issuance of Preferred Stock or Disqualified Stock	68
Section 4.10	Limitations on Liens	73
Section 4.11	Limitations on Asset Sales	74
Section 4.12	Transactions with Affiliates	77
Section 4.13	Further Guarantors	80

Section 4.14	Compliance Certificate; Statements as to Defaults	80
Section 4.15	Further Instruments and Acts	80
Section 4.16	Collateral	82
Section 4.17	Minimum Liquidity Covenant	82
Section 4.18	Payment of Taxes	82
Section 4.19	Maintenance of Properties; Intellectual Property	82
Section 4.20	Maintenance of Insurance	83
Section 4.21	Books and Records	83
Section 4.22	Inspection Rights	83
Section 4.23	Compliance with Environmental Laws	84
Section 4.24	Compliance with Laws	84
Section 4.25	Financial Reporting	84
Section 4.26	Orion and Grafito	86

Article 5 Lists of Holders and Reports by the Company and the Trustee		86
Section 5.01	Lists of Holders	86
Section 5.02	Preservation and Disclosure of Lists	86

Article 6 Defaults and Remedies		87
Section 6.01	Events of Default	87
Section 6.02	Acceleration; Rescission and Annulment	90
Section 6.03	Additional Interest	91
Section 6.04	Payments of Notes on Default; Suit Therefor	92
Section 6.05	Application of Monies Collected by Trustee	93
Section 6.06	Proceedings by Holders	94
Section 6.07	Proceedings by Trustee	95
Section 6.08	Remedies Cumulative and Continuing	95
Section 6.09	Direction of Proceedings and Waiver of Defaults by Majority of Holders	96
Section 6.10	Notice of Defaults	96
Section 6.11	Undertaking to Pay Costs	96

Article 7 Concerning the Trustee		97
Section 7.01	Duties and Responsibilities of Trustee.	97
Section 7.02	Certain Rights of Trustee	98
Section 7.03	No Responsibility for Recitals, Etc.	101
Section 7.04	Trustee, Collateral Trustee, Paying Agents, Conversion Agents or Note Registrar May Own Notes	101
Section 7.05	Monies to Be Held in Trust	101
Section 7.06	Compensation and Expenses of Trustee	101
Section 7.07	Officers’ Certificate as Evidence	102
Section 7.08	Eligibility of Trustee	102
Section 7.09	Resignation or Removal of Trustee	103
Section 7.10	Acceptance by Successor Trustee	104
Section 7.11	Succession by Merger, Etc.	104
Section 7.12	Trustee’s Application for Instructions from the Company	105

Article 8 Concerning the Holders		105
Section 8.01	Action by Holders	105
Section 8.02	Proof of Execution by Holders	106
Section 8.03	Who Are Deemed Absolute Owners	106
Section 8.04	Company-Owned Notes Disregarded	106
Section 8.05	Revocation of Consents; Future Holders Bound	107

Article 9 Holders’ Meetings		107
Section 9.01	Purpose of Meetings	107
Section 9.02	Call of Meetings by Trustee	107
Section 9.03	Call of Meetings by Company or Holders	108
Section 9.04	Qualifications for Voting	108
Section 9.05	Regulations	108
Section 9.06	Voting	109
Section 9.07	No Delay of Rights by Meeting	109

Article 10 Supplemental Indentures		109
Section 10.01	Supplemental Indentures Without Consent of Holders	109
Section 10.02	Supplemental Indentures with Consent of Holders	110
Section 10.03	Effect of Supplemental Indentures	111
Section 10.04	Notation on Notes	112
Section 10.05	Evidence of Compliance of Supplemental Indenture to Be Furnished Trustee	112

Article 11 Consolidation, Merger, Sale, Conveyance and Lease		112
Section 11.01	Company May Consolidate, Etc. on Certain Terms	112
Section 11.02	Successor Corporation to Be Substituted	113
Section 11.03	Opinion of Counsel to Be Given to Trustee	113

Article 12 Immunity of Incorporators, Stockholders, Officers and Directors		113
Section 12.01	Indenture and Notes Solely Corporate Obligations	113

Article 13 Guarantees		114
Section 13.01	Guarantees	114
Section 13.02	Limitation on Guarantor Liability	116
Section 13.03	Execution and Delivery of Guarantee and Supplemental Indenture	116
Section 13.04	Guarantors May Consolidate, etc., on Certain Terms	117
Section 13.05	Releases	118
Section 13.06	Reliance	118
Section 13.07	Limitations on Australian Subsidiaries	118

Article 14 Conversion of Notes		119
Section 14.01	Conversion Privilege	119
Section 14.02	Conversion Procedure; Settlement Upon Conversion	119
Section 14.03	Increased Conversion Rate Applicable to Certain Notes Surrendered in Connection with Make-Whole Fundamental Changes	122

Section 14.04	Adjustment of Conversion Rate	125
Section 14.05	Adjustments of Prices	134
Section 14.06	Shares to Be Fully Paid	134
Section 14.07	Effect of Recapitalizations, Reclassifications and Changes of the Common Stock	134
Section 14.08	Prescribed Securities	136
Section 14.09	Certain Covenants	136
Section 14.10	Responsibility of Trustee	137
Section 14.11	Beneficial Ownership Limitations	137
Section 14.12	Notice to Holders Prior to Certain Actions	139
Section 14.13	Stockholder Rights Plans	140

Article 15 offer to repurchase Notes upon change of control		140
Section 15.01	[Reserved.]	140
Section 15.02	[Reserved.]	140
Section 15.03	[Reserved.]	140
Section 15.04	[Reserved.]	140
Section 15.05	Offer to Repurchase Upon a Change of Control	140

Article 16 Optional Mandatory Conversion		143
Section 16.01	Optional Mandatory Conversion	143
Section 16.02	Notice of Optional Mandatory Conversion; Selection of Notes	143
Section 16.03	Optional Mandatory Conversion Procedures	145

Article 17 [Reserved.]		146

Article 18 COLLATERAL		146
Section 18.01	Note Security Documents	146
Section 18.02	Collateral Trustee	147
Section 18.03	Authorization of Actions to be Taken	149
Section 18.04	Release of Collateral	150
Section 18.05	Use of Collateral	151
Section 18.06	Powers Exercisable by Receiver or Trustee	152
Section 18.07	Voting	152
Section 18.08	Appointment and Authorization of Glas Trust Company LLC as Collateral Trustee	152
Section 18.09	Release Upon Termination of the Company’s Obligations	153
Section 18.10	Australian PPSA Security Interests.	153
Section 18.11	Exclusion of certain provisions of the Australian PPSA	153

Article 19 MISCELLANEOUS PROVISIONS		154
Section 19.01	Provisions Binding on Company’s Successors	154
Section 19.02	Official Acts by Successor Corporation	154
Section 19.03	Addresses for Notices, Etc.	154
Section 19.04	Governing Law; Jurisdiction	155
Section 19.05	Evidence of Compliance with Conditions Precedent; Certificates and Opinions of Counsel to Trustee	155

Section 19.06	Legal Holidays	156
Section 19.07	Benefits of Indenture	156
Section 19.08	Table of Contents, Headings, Etc.	156
Section 19.09	Authenticating Agent	156
Section 19.10	Execution in Counterparts	157
Section 19.11	Severability	157
Section 19.12	Waiver of Jury Trial	157
Section 19.13	Force Majeure	158
Section 19.14	Calculations	158
Section 19.15	USA PATRIOT Act	158
Section 19.16	Foreign Account Tax Compliance Act (FATCA)	158
Section 19.17	Withholding Taxes	159
Section 19.18	Interest Act (Canada)	161
Section 19.19	Australian Code of Banking Practice	161
Section 19.20	Conversion of Currency	161
Section 19.21	Currency Equivalent	162

EXHIBITS

Exhibit A	Form of Note
Exhibit B	Form of Supplemental Indenture
Exhibit C	Form of Permitted Junior Intercreditor Agreement
Exhibit D	Form of Permitted Working Capital Intercreditor Agreement
Exhibit E	Regulation S Certificate

ScheduleS

Schedule A	Existing Liens
Schedule B	Existing Indebtedness
Schedule C	Existing Investments

MW Shares	$0.54		$0.62		$0.75		$1.00		$1.25		$1.50		$2.00		$2.50		$5.00		$10.00

November 27, 2024		240.2113		240.2113		240.2113		240.2113		184.2115		139.4020		88.8721		61.3797		13.7689		0.0000
November 12, 2025		240.2113		240.2113		240.2113		194.9270		134.2512		100.0903		63.4478		44.0180		9.8686		0.0000
November 12, 2026		240.2113		240.2113		197.7049		99.2529		63.1571		46.1601		29.7054		21.1041		4.8166		0.0000
November 12, 2027		240.2113		0.0000		0.0000		0.0000		0.0000		0.0000		0.0000		0.0000		0.0000		0.0000

	ELECTRA BATTERY MATERIALS CORPORATION

	By:	/s/ Trent Mell
		Name: Trent Mell
		Title: Chief Executive Officer

	GLAS TRUST COMPANY LLC, as Trustee and as Collateral Trustee

	By:	/s/ Katie Fischer
		Name: Katie Fischer
		Title: Vice President

Executed by Acacia Minerals Pty Limited (ACN 127 419 729) (as Guarantor) in accordance with section 127 of the Corporations Act 2001 (Cth) by:

/s/ Trent Mell		/s/ Michael Naylor
Signature of director		Signature of director/secretary

Trent Mell		Michael Naylor
Name of director (print)		Name of director/secretary (print)

Executed by Cobalt One Pty Ltd (ACN 127 411 796) (as Guarantor) in accordance with section 127 of the Corporations Act 2001 (Cth) by:

/s/ Trent Mell		/s/ Michael Naylor
Signature of director		Signature of director/secretary

Trent Mell		Michael Naylor
Name of director (print)		Name of director/secretary (print)

Executed by Ophiolite Consultants Pty Limited (ACN 092 694 490) (as Guarantor) in accordance with section 127 of the Corporations Act 2001 (Cth) by:

	COBALT CAMP REFINERY LTD. , as Guarantor

	By:	/s/ Trent Mell
		Name: Trent Mell
		Title: Director

	COBALT ONE LIMITED, as Guarantor

	By:	/s/ Trent Mell
		Name: Trent Mell
		Title: Director

	COBALT PROJECT INTERNATIONAL CORP., as Guarantor

	By:	/s/ Trent Mell
		Name: Trent Mell
		Title: Director

	COBALT INDUSTRIES OF CANADA CORP., as Guarantor

	By:	/s/ Trent Mell
		Name: Trent Mell
		Title: Director

	US COBALT INC., as Guarantor

	By:	/s/ Trent Mell
		Name: Trent Mell
		Title: Director

	COBALT CAMP ONTARIO HOLDINGS CORP., as Guarantor

	By:	/s/ Trent Mell
		Name: Trent Mell
		Title: Director

	1086360 BC LTD., as Guarantor

	By:	/s/ Trent Mell
		Name: Trent Mell
		Title: Director

	IDAHO COBALT COMPANY, as Guarantor

	By:	/s/ Trent Mell
		Name: Trent Mell
		Title: Director

	SCIENTIFIC METALS (DELAWARE) CORP., as Guarantor

	By:	/s/ Trent Mell
		Name: Trent Mell
		Title: Director

Date of exchange	Amount of decrease in principal amount of this Global Note	Amount of increase in principal amount of this Global Note	Principal amount of this Global Note following such decrease or increase	Signature of authorized signatory of Trustee or Custodian

DTC Participant Name:

DTC Participant Number:

Account Name:

Account Number:

Contact Information at Holder:

Contact Information at DTC Participant:

(Name)

(Street Address)

(City, State and Zip Code) Please print name and address

		Principal amount to be converted (if less than all): $______,000

		NOTICE: The above signature(s) of the Holder(s) hereof must correspond with the name as written upon the face of the Note in every particular without alteration or enlargement or any change whatever.

		Social Security or Other Taxpayer Identification Number

	ELECTRA BATTERY MATERIALS CORPORATION

	By:
	Name:
	Title:

	[NEW GUARANTOR]

	By:
	Name:
	Title:

	[ ],
	as Trustee

	By:
	Name:
	Title:

Cobalt Camp Refinery Ltd.,
as Guarantor

By:	/s/ Trent Mell
	Name:	Trent Mell
	Title:	Director

Cobalt Project International Corp.,
as Guarantor

By:	/s/ Trent Mell
	Name:	Trent Mell
	Title:	Director

Cobalt Industries of Canada Corp.,
as Guarantor

By:	/s/ Trent Mell
	Name:	Trent Mell
	Title:	Director

US Cobalt Inc.,
as Guarantor

By:	/s/ Trent Mell
	Name:	Trent Mell
	Title:	Director

Cobalt Camp Ontario Holdings Corp.,
as Guarantor

By:	/s/ Trent Mell
	Name:	Trent Mell
	Title:	Director

1086360 BC Ltd.,
as Guarantor

By:	/s/ Trent Mell
	Name:	Trent Mell
	Title:	Director

Idaho Cobalt Company.,
as Guarantor

By:	/s/ Trent Mell
	Name:	Trent Mell
	Title:	Director

Scientific Metals (Delaware) Corp.,
as Guarantor

By:	/s/ Trent Mell
	Name:	Trent Mell
	Title:	Director