Electra Appoints Experienced Finance Executive as CFO

TORONTO, June 8, 2022 /PRNewswire/ – Electra Battery Materials Company (NASDAQ: ELBM) (TSXV: ELBM) (“Electra”) today declared the appointment of Craig Cunningham, a finance government with 17 years of practical experience as Chief Economical Officer helpful today.

“Craig is a welcome addition to the Electra senior leadership group, bringing govt level leadership and extra than 17 years of accounting, finance, operational, and money markets experience,” claimed Trent Mell, CEO of Electra Battery Materials. “We search ahead to his many contributions as we execute on our approach of starting to be North America’s to start with integrated battery materials park.”

Prior to joining Electra, Mr. Cunningham was Vice President and Regional Money Officer at Kinross Gold exactly where he oversaw finance, information and facts technological know-how, source chain and logistics, and administration capabilities in Russia. Mr. Cunningham was dependable for accounting, budgeting, and procurement for critical enhancement tasks as very well as the integration of major acquisitions. Mr. Cunningham held a collection of progressively liable roles although at Kinross beginning in 2010, including accountability for tasks made to enhance operational overall performance, improve funds stream, and improve doing the job funds. Previously, Mr. Cunningham served in controller, possibility administration, and audit roles at Kik Tailor made Goods, Loblaw Firms, and PricewaterhouseCoopers.

“The adoption of electrical vehicles will have a profound affect in tackling local climate change and lowering carbon emissions globally,” claimed Mr. Cunningham. “I am excited to be joining Electra, a firm at the forefront of creating a secure and lower-carbon provide chain of battery materials for the EV industry in North The united states, and where by I can greatest employ my strategic, entrepreneurial, and business abilities and encounter.”

Mr. Cunningham is a Chartered Professional Accountant and a graduate of the Ivey Company School, Western College (Executive Grasp of Business Administration) and the Goodman School of Enterprise, Brock University (Bachelor of Accounting, Honours).

In accordance with the Company’s lengthy phrase incentive program, Electra has granted Mr. Cunningham incentive stock solutions to obtain an combination of 40,000 frequent shares of Electra exercisable at the previous day’s closing selling price of $4.90 for a period of time of five yrs. The inventory possibilities will vest in a few equal tranches on the first, second and third anniversary of the grant date. Extensive-time period incentive grants are a essential retention and incentive instrument for essential workers and new hires and continue being subject to the approval of the TSX Enterprise Trade.

About Electra Battery Resources

Electra’s main technique is to develop very low carbon, ethically sourced battery products for the North American electric powered car or truck source chain. Electra is precisely concentrated on making the very first integrated battery materials park in North America, furnishing refined cobalt, nickel and recycled battery resources to North American battery precursor brands. Electra also owns the sophisticated exploration-phase Iron Creek cobalt-copper task in Idaho, United states of america.

On behalf of Electra Battery Products Corporation

Joe Racanelli
Vice President, Trader Relations

Neither TSX Undertaking Exchange nor its Regulation Companies Company (as that expression is described in procedures of the TSX Undertaking Trade) accepts duty for the adequacy or accuracy of this release.

Cautionary Be aware Concerning Forward-Seeking Statements

This news launch might consist of ahead-wanting statements and forward-hunting data (together, “forward-hunting statements”) within just the indicating of applicable securities guidelines and the United States Non-public Securities Litigation Reform Act of 1995. All statements, other than statements of historical information, are forward-hunting statements. Commonly, forward-looking statements can be determined by the use of terminology such as “strategies”, “expects’, “estimates”, “intends”, “anticipates”, “thinks” or versions of such words, or statements that certain actions, events or results “might”, “could”, “would”, “could possibly”, “occur” or “be attained”. Forward-on the lookout statements require challenges, uncertainties and other factors that could cause precise results, functionality, and alternatives to vary materially from those implied by this sort of forward-on the lookout statements. Components that could bring about precise final results to vary materially from these ahead-seeking statements are established forth in the management discussion and examination and other disclosures of possibility variables for Electra Battery Components Corporation, submitted on SEDAR at www.sedar.com. While Electra Battery Supplies Corporation believes that the info and assumptions employed in making ready the forward-looking statements are realistic, undue reliance really should not be positioned on these statements, which only use as of the day of this news launch, and no assurance can be presented that these types of functions will occur in the disclosed instances frames or at all. Except in which needed by relevant law, Electra Battery Materials Company disclaims any intention or obligation to update or revise any ahead-looking assertion, whether or not as a end result of new facts, future occasions or usually.

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