TORONTO, Sept. 28, 2022 /CNW/ – Electra Battery Materials Corporation (NASDAQ: ELBM) (TSXV: ELBM) (“Electra”) today provided an update on the commissioning of its cobalt refinery located north of Toronto, confirming that it remains on track to meet project timelines, including the launch of a black mass recycling demonstration, and capital cost guidance announced with its Q2 2022 reporting.

“Electra continues to build momentum,” said Trent Mell, CEO of Electra Battery Materials. “On the heels of our commercial agreement with LG Energy Solution announced last week, we are excited by the continued progress at our refinery and … Continue Reading

Marks Electra’s first commercial agreement in EV supply chain

TORONTO, Sept. 22, 2022 /CNW/ – Electra Battery Materials Corporation (NASDAQ: ELBM) (TSXV: ELBM) (“Electra”) today announced the signing of a three-year agreement to supply battery grade cobalt to LG Energy Solution (LGES; KRX: 373220), a leading global manufacturer of lithium-ion batteries for electric vehicles. Electra has agreed to supply LGES with 7,000 tonnes of battery grade cobalt from 2023 to 2025. The material will be supplied from the only cobalt sulfate refinery in North America, located north of Toronto, Ontario.

Electra will supply 1,000 tonnes of cobalt … Continue Reading

TORONTO, Aug. 11, 2022 /CNW/ – Electra Battery Materials Corporation (NASDAQ: ELBM) (TSX-V: ELBM) (“Electra”) today announced the filing of its financial results for the second quarter ended June 30, 2022, and provided an update on the commissioning of its cobalt refinery located north of Toronto. All amounts are in Canadian currency unless stated.

“We made considerable progress on our battery materials refinery project in Q2, completing 80 per cent of testing of existing brownfield equipment for recommissioning, 80 per cent of all procurement, and 85 per cent of detailed engineering,” said Trent Mell, CEO of … Continue Reading

TORONTO, Aug. 2, 2022 /CNW/ – Electra Battery Materials Corporation (NASDAQ: ELBM) (TSXV: ELBM) (“Electra” or the “Company”) today provided an update on its 2022 exploration program at its Ruby prospect, located 1.5 kilometers from its primary Iron Creek cobalt-copper deposit in the Idaho Cobalt Belt.  Electra’s exploration program is a cornerstone of its strategy to onshore the electric vehicle supply chain by identifying domestic sources of critical minerals for the electric vehicle market. 

Highlights

A strong and open-ended anomaly at Ruby was defined by an Induced Polarization (IP) survey, which measures the chargeability of the subsurface to determine

… Continue Reading

TORONTO, July 29, 2022 /CNW/ – Electra Battery Materials Corporation (NASDAQ: ELBM) (TSXV: ELBM) (“Electra”) will release its second quarter 2022 financial results after market close on August 11, 2022.  Senior management will host a conference call and webcast on August 12, 2022 at 10:00 am ET to review Electra’s second quarter performance and discuss near-term outlook.

Dial-in and Webcast Details:

–  North American dial-in number:   1-800-319-4610 
–  International dial-in number:        1-604-638-5340 
–  Webcast and slide presentation:  https://ElectraBMC.com/category/events/    

About Electra Battery Materials

Electra is a processor of low-carbon, ethically-sourced battery materials. Currently commissioning North America’s only cobalt sulfate … Continue Reading

TORONTO, July 26, 2022 /CNW/ – Electra Battery Materials Corporation (NASDAQ: ELBM) (TSX-V: ELBM) (“Electra”) today announced that it has signed a Benefits Agreement with the Métis Nation of Ontario (“MNO”) solidifying a relationship between the two parties and providing employment, training, procurement, and business opportunities related to the construction and expansion of the Company’s battery materials refinery north of Toronto Temiskaming Shores.

“Signing our first Benefits Agreement marks an important milestone for Electra as we advance with the commissioning of our refinery,” said Trent Mell, CEO of Electra Battery Materials. “It demonstrates our commitment to operations that … Continue Reading

TORONTO, June 22, 2022 /CNW/ – Electra Battery Materials Corporation (NASDAQ: ELBM) (TSXV: ELBM) (“Electra”) today announced that as part of its growth strategy in support of the onshoring of electric vehicle supply chains in North America, it has begun preliminary discussions with the Government of Quebec to build a new cobalt refinery in Bécancour, Quebec that will integrate with an emerging battery materials park in the province.

“Given a forecasted deficit in domestic cobalt sulfate production by 2025, we have received significant interest from industry and government stakeholders to build a second refinery in North America,” … Continue Reading

TORONTO, June 8, 2022 /CNW/ – Electra Battery Materials Corporation (NASDAQ: ELBM) (TSXV: ELBM) (“Electra”) today announced the appointment of Craig Cunningham, a finance executive with 17 years of experience as Chief Financial Officer effective today.   

“Craig is a welcome addition to the Electra senior leadership team, bringing executive level leadership and more than 17 years of accounting, finance, operational, and capital markets experience,” said Trent Mell, CEO of Electra Battery Materials. “We look forward to his many contributions as we execute on our strategy of becoming North America’s first integrated battery materials park.”

Prior to joining … Continue Reading

TORONTO, May 31, 2022 /CNW/ – Electra Battery Materials Corporation (NASDAQ: ELBM) (TSXV: ELBM) (the “Company” or “Electra”) today announced the introduction of a comprehensive set of olicies and frameworks that underpin the Company’s commitment to Environmental, Social and Governance (ESG) best practices. Approved by the Company’s Board of Directors, the policies cover Human Rights, Supply Chain, Environment, and Sustainability matters. In support of the rollout of the policies, the Company is also launching a whistleblower channel, open for internal and external stakeholders and accessible from Electra’s website (https://electrabmc.com/esg/).

“Given our focus of developing a low carbon, … Continue Reading

TORONTO, May 26, 2022 /CNW/ – Electra Battery Materials Corporation (NASDAQ: ELBM) (TSXV: ELBM) (“Electra”) today provided an update on its plans to develop a low carbon, fully-integrated battery materials park for the North American electric vehicle industry and announced the filing of its financial results for the first quarter ended March 31, 2022.

“Despite supply chain disruptions and inflationary price pressures caused by the lingering effects of the global pandemic and recent geopolitical developments Electra made considerable progress in Q1, advancing the construction of our expanded cobalt refinery,” said Trent Mell, CEO of Electra Battery Materials … Continue Reading

TORONTO, May 25, 2022 /CNW/ – Electra Battery Materials Corporation (NASDAQ: ELBM) (TSX-V: ELBM) (“Electra”) today announced the appointment of Mr. Joseph (Joe) Racanelli, a 20-year veteran of the capital markets, as Vice President, Investor Relations.  Mr. Racanelli will oversee Electra’s engagement with shareholders and the investment community, helping to build profile and visibility of the company’s vision of becoming North America’s first fully-integrated battery materials park for the electric vehicle industry.  Working closely with Electra’s CEO, Trent Mell, Mr. Racanelli will communicate Electra’s investor proposition and build shareholder value.

“Joe brings a wealth of experience with … Continue Reading

TORONTO, May 17, 2022 /CNW/ – Electra Battery Materials Corporation (NASDAQ: ELBM) (TSXV: ELBM) (“Electra”) announces that it has updated its at-the-market equity program (the “ATM Program”) to issue up to C$20,000,000 (or its equivalent in U.S. currency) of common shares (“Common Shares”) in the United States and Canada from time to time, at Electra’s discretion. The update is to permit sales of Common Shares under the ATM Program into the United States following Electra’s listing on the Nasdaq Capital Market (“Nasdaq”) on April 27, 2022.

Sales of Common Shares, if any, under the ATM Program in the … Continue Reading