TORONTO, June 19, 2025 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) announces the launch of an early works program at its cobalt refinery north of Toronto, reaffirming the Company’s commitment to onshoring North America’s critical minerals processing and building a resilient, domestic battery materials supply chain. The early works program encompasses targeted site-level activities designed to prepare for the restart of full-scale constru ...

TORONTO, June 12, 2025 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”) and the Three Fires Group today announced significant progress on the Aki Battery Recycling joint venture, the first Indigenous-led lithium-ion battery recycling initiative in Canada. Aki is pioneering a low emission, circular solution for managing battery waste, strengthening domestic supply chains and reducing reliance on offshore processing. Since launching the joint venture in 2024, k ...

Strategic Synergy with Cobalt Refinery and Aki Battery Recycling The study outlines how black mass will be refined at the new facility to produce key battery materials, including lithium, nickel, cobalt, manganese, and graphite. The cobalt stream will serve as feedstock for Electra's permitted cobalt sulfate refinery, which has received financial backing from both the Government of Canada and the U.S. Department of Defense. Electra's partnership with Aki Battery Recycling, a joint venture with the Three Fir ...

TORONTO, May 21, 2025 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) ("Electra" or the "Company") commends the Ontario government for its landmark C$500 million Critical Minerals Processing Fund, unveiled in the 2025 provincial budget announced last week. The investment commitment represents a significant step toward building a domestic, vertically integrated supply chain for clean energy technologies. Prioritizing critical mineral processing in Ontario will strengthen ...

About Electra Battery Materials Electra is a leader in advancing North America's critical minerals supply chain for lithium-ion batteries. Currently focused on developing North America's only cobalt sulfate refinery, Electra is executing a phased strategy to onshore critical minerals refining and reduce reliance on foreign supply chains. In addition to establishing the cobalt sulfate refinery, Electra's strategy includes nickel refining and battery recycling. Growth projects include integrating black mass r ...

ELECTRA BATTERY MATERIALS CORPORATION Exhibit 99.1 CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024 (UNAUDITED) (EXPRESSED IN THOUSANDS OF CANADIAN DOLLARS) NOTICE OF NO AUDITOR REVIEW OF CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS Under National Instrument 51-102, Part 4, subsection 4.3(3)(a), if an auditor has not performed a review of the condensed interim consolidated financial statements, they must be accompanied by a notice indicating that ...

TORONTO, May 13, 2025 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today announced the filing of its first quarter 2025 financial reports. Highlights from the Quarter: Leadership Strengthening – In January, Electra welcomed Marty Rendall as Chief Financial Officer (CFO), followed by the appointment of Alden Greenhouse to the Board of Directors in February, together bringing additional financial and critical minerals strategic bench streng ...

Financial Risks and Funding - The Company has a history of operating losses and has not generated any revenue to date, indicating a significant financial risk [24]. - The Company requires substantial additional funding to continue operations and complete the construction of the Refinery, with no assurance that such financing will be available [26]. - The Company has a minimum reportable cash balance requirement of US$2,000,000 starting in 2026, which adds pressure to its financial position [30]. - The Company may face dilution of shareholder value if additional capital is raised through equity or debt securities [35]. - The Company may not be able to meet its debt service obligations if cash flow from refinery operations is insufficient [33]. - Global instability and macroeconomic trends, including inflation and rising interest rates, could negatively impact the Company’s financial condition and operational results [61]. - The market price of the Company's common shares is volatile, influenced by macroeconomic developments and market perceptions, which may not reflect the Company's long-term value [91]. - The Company may face substantial decommissioning and reclamation costs due to increasing regulatory requirements for financial assurances [82]. - An additional $55.7 million to $62 million is required to complete construction of the Refinery, with management seeking a largely non-dilutive funding solution [161]. Operational and Market Risks - The success of the Refinery is uncertain and depends on the demand for cobalt, which is largely driven by the electric vehicle market [42]. - The Company’s operational risks include potential liabilities from environmental contamination and other unforeseen events, which may not be fully insured [43]. - The prices of commodities, including cobalt, are volatile and could adversely affect the Company's financial condition and operations [36]. - The Company’s operations are significantly affected by the availability and costs of consumables such as concrete, steel, copper, and diesel fuel, which are subject to volatility and may impact profitability [49]. - The mining industry is subject to cyclical volatility, and current high demand for cobalt may not be sustainable in the long term [73]. - Compliance with extensive mining regulations increases operational costs and may impact the Company’s exploration and development decisions [75]. - The Company operates in a highly competitive market, particularly in sourcing mine production for the Refinery, with competition from larger companies that have greater financial resources [80]. Environmental and Community Challenges - The Company faces reputational risks due to increasing public concern regarding the environmental impact of mining activities, which could adversely affect investor confidence and community relations [55]. - The Company’s ability to develop its mining properties may be challenged by community stakeholders, including First Nations, which could delay or hinder operations [52]. - Environmental regulations are becoming stricter, which may lead to increased capital expenditures and operating costs for the Company [84]. Technological and Developmental Aspects - The Company is focused on building a diversified portfolio of assets in the electric vehicle supply chain, primarily in North America [103]. - The exploration and development of mineral resources is speculative, with no guarantee of discovering commercial quantities of minerals [72]. - The Company launched its black mass recycling demonstration plant, aiming to process up to 75 tonnes of material and recover high-value elements [130]. - The Company successfully completed the first plant-scale recycling of black mass material in North America, recovering critical metals including nickel, cobalt, and manganese [134]. - The Company is working towards a battery recycling refinery capable of processing 2,500 tonnes of black mass material per annum, with a feasibility study currently underway [211]. Strategic Partnerships and Agreements - The Company signed a Cobalt Supply Agreement with LG Energy Solution to supply 19,000 tonnes of battery grade cobalt over a five-year period starting in 2025 [125]. - The Company announced a joint venture with Three Fires Group Inc. to focus on the primary recycling of lithium-ion battery waste in Ontario, leveraging its proprietary black mass refining capabilities [148]. - A binding letter of intent was signed with Eurasian Resources Group for a three-year supply agreement to deliver 3,000 tonnes per annum of IRA-compliant cobalt to Electra's refinery starting in 2026 [174]. - The Company signed a memorandum of understanding with Rock Tech Lithium to supply recycled lithium for upgrading to battery-grade lithium chemicals, with processing expected to commence in 2026 [163]. Regulatory and Compliance Matters - The Company faces significant challenges in obtaining necessary governmental permits, which are complex and time-consuming, potentially delaying projects like the Iron Creek Project and the Refinery [76]. - The Company received its Industrial Sewage Works Environmental Compliance Approval from the Ontario Ministry of the Environment, Conservation and Parks [108]. - The Company has secured necessary permits for the Refinery operations, including Air and Noise permits and Industrial Sewage Works approvals [204]. Financial Commitments and Investments - The Company announced a financial commitment of $250,000 from the Government of Ontario to support a battery materials park study [110]. - The Company received a $5 million investment commitment from the Government of Canada for the construction of North America's first cobalt sulfate refinery, expected to produce approximately 5% of the global supply of battery-grade cobalt [170]. - The Company was awarded US$20 million by the U.S. Department of Defense to expand domestic production capability for battery-grade materials [178]. - The Company closed a private placement offering, issuing $51 million principal amount of 8.99% senior secured convertible notes due February 2028, with net proceeds of approximately $13.7 million for capital expenditures [138]. Production and Capacity Developments - The total capital costs for the Refinery are now estimated to be between $155 million and $167 million, with approximately $85.6 million capitalized as of December 31, 2023 [137]. - The Company aims to produce 5,000 tonnes per annum of battery-grade cobalt contained in cobalt sulfate from its Refinery, with plans to increase production to 6,500 tonnes per annum in Phase 2 [199]. - The Company has achieved a 30% increase in cobalt crystallizer capacity, raising the installed capacity to 6,500 tonnes of annual contained cobalt production [200]. - The Company has successfully processed 40 tonnes of black mass material, achieving improved recovery rates for targeted metals, including a nearly 20% enhancement in lithium carbonate product quality [214]. - The Company achieved greater than 99% purity in lithium carbonate product from its black mass recycling project, enhancing its ability to produce high-quality battery-grade products [182]. Management and Corporate Structure - The Company appointed Michael Green as Construction Director to oversee the completion of the cobalt sulfate refinery in Temiskaming Shores [183]. - The Company completed a consolidation of its share capital on the basis of one post-Consolidation Common Share for every eighteen pre-Consolidation Common Shares [112]. - The Company announced a reverse share split of four pre-split shares for every one post-split share effective December 31, 2024 [187]. - The Company is classified as a passive foreign investment company (PFIC), which may subject U.S. holders to adverse federal income tax consequences [98]. - The Company is a foreign private issuer, resulting in different U.S. securities laws and potentially limiting the information available to U.S. shareholders [99].

Core Points - Electra Battery Materials Corporation has successfully closed the final tranche of an oversubscribed non-brokered private placement, raising approximately US$3.5 million [1][2] - The offering consisted of 3,125,000 units issued at a price of US$1.12 per unit, with each unit comprising one common share and one transferable common share purchase warrant [2] - The net proceeds from the offering will be utilized to advance the company's Refinery project in Temiskaming Shores, Ontario, and for general corporate purposes [2] Offering Details - The offering was conducted in two tranches, with the first tranche closing on April 3, 2025, and the second on April 14, 2025 [2] - Each warrant allows the holder to purchase one common share at a price of US$1.40 for a period of eighteen months following the issue date [2] - The company paid US$219,447 in cash finders fees and issued 183,333 non-transferrable finders warrants to eligible finders [5] Related Party Transactions - Key executives and directors of the company participated in the offering, constituting a "related party transaction" under applicable securities laws [3][4] - The company did not file a material change report prior to closing due to the timing of insider participation [4] - As the transaction does not exceed 25% of the company's market capitalization, no formal valuation or minority shareholder approval is required [4] Securities Regulations - The common shares and warrants issued under the offering are not subject to a hold period under Canadian securities laws [6] - Securities issued to insiders will be subject to a statutory hold period of four months and one day from the date of issuance [6] - The offering remains subject to final approval from the TSX Venture Exchange [6] Company Overview - Electra Battery Materials is focused on advancing North America's critical minerals supply chain for lithium-ion batteries [8] - The company is developing North America's only cobalt sulfate refinery and has plans for nickel refining and battery recycling [8] - Growth projects include integrating black mass recycling and exploring opportunities for cobalt and nickel production in North America [8]

TORONTO, April 04, 2025 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) announces that it has closed the first tranche of its oversubscribed non-brokered private placement previously announced on March 24, 2025, raising aggregate gross proceeds of approximately US$3.08 million (the “Offering”). “We are pleased with the strong investor support demonstrated for our vision of building a North American critical minerals supply chain,” said Elect ...