Core Insights - Electra Battery Materials Corporation is initiating a feasibility study for a battery recycling refinery near its cobalt refinery in Ontario, building on previous recycling trials that produced lithium and nickel-cobalt products from end-of-life batteries [1][3] - The company aims to establish partnerships with North American battery manufacturers to create a closed-loop system for critical minerals, reducing reliance on Asian refining [2][4] - Electra's proprietary hydrometallurgical process is designed to optimize recycling operations, enhancing efficiency and product value while minimizing risks [3][4] Group 1: Company Strategy and Operations - Electra's strategy focuses on reducing North America's dependence on critical minerals from China by developing a domestic supply chain for battery materials [4][6] - The company has processed 40 tonnes of black mass in 2023 to test its recycling process and received C$5 million from Natural Resources Canada to further develop its recycling capabilities [4][5] - Electra is also working on establishing North America's first battery-grade cobalt refinery, with plans for nickel production and battery recycling as part of its long-term vision [5][6] Group 2: Partnerships and Collaborations - Electra is collaborating with the Three Fires Group to build a pretreatment facility for battery scrap, which will supply black mass for refining [2][4] - The company has engaged Green Li-ion to assist with engineering and feasibility studies, leveraging their expertise in recycling technology [3][4] - This partnership aims to enhance Electra's capabilities in processing black mass and further solidify its position in the battery materials sector [3][4]

Core Viewpoint - Electra Battery Materials Corporation will implement a reverse share split on December 31, 2024, at a ratio of four pre-split shares for one post-split share, aiming to comply with Nasdaq's minimum bid price requirement and attract more investors [7][11]. Company Overview - Electra Battery Materials is focused on processing low-carbon, ethically-sourced battery materials, with a primary goal of developing North America's only cobalt sulfate refinery [9]. Reverse Split Details - As of the announcement, the company has 59,213,423 common shares outstanding, which will reduce to approximately 14,803,355 shares post-split [1]. - The reverse split will proportionally adjust the exercise price and number of shares for outstanding options, warrants, and other convertible securities [1]. - The new common shares will begin trading on January 2, 2025, under the existing ticker symbol "ELBM" [7]. Shareholder Communication - Registered shareholders will receive a letter of transmittal with instructions on exchanging their pre-split shares for post-split shares [8]. - Beneficial shareholders holding shares through a brokerage may have different procedures for obtaining their post-split shares and are encouraged to contact their brokerage for details [5]. Compliance and Investor Attraction - The reverse split is intended to help the company regain compliance with Nasdaq's minimum bid price requirement of US$1.00 per share [11]. - An increase in share price is expected to attract individual and institutional investors who have minimum share price thresholds for equity investments [11].

Core Viewpoint - Electra Battery Materials Corporation is undergoing a leadership transition with the appointment of Marty Rendall as the new Chief Financial Officer, effective January 1, 2025, following the retirement of David Allen. This change comes at a crucial time as the company aims to build resilient critical minerals supply chains outside of China and achieve cash flow by 2026 [2][3][10]. Company Leadership Transition - Marty Rendall, CFA, has been appointed as the new CFO, bringing extensive experience in strategic planning, financial reporting, and team development [2][4]. - David Allen, the outgoing CFO, played a significant role in securing a US$20 million award from the U.S. Department of Defense and will assist in the transition process [10][11]. Project Developments - Electra is focused on completing the construction of its cobalt refinery, which aims to produce an initial rate of 5,000 tonnes per annum of battery-grade cobalt contained in cobalt sulfate, with plans to expand production to 6,500 tonnes per annum [5]. - The company is also engaged in recycling battery black mass to recover lithium, nickel, cobalt, and other critical metals, supported by a joint venture with Aki Battery Recycling [5][12]. - The cobalt refinery project has an estimated current replacement value of approximately US$200 million and is in advanced stages to raise US$60 million for completion, with US$20 million already committed by the U.S. Department of Defense [6]. Strategic Vision - Electra is building North America's first cobalt sulfate refinery and aims to integrate battery materials recycling and nickel sulfate production into its operations [12][14]. - The company has conducted a plant-scale battery recycling trial, processing over 40 tonnes of black mass material to recover valuable elements, demonstrating its capability to produce high-quality nickel, cobalt, and lithium products [12]. Financial Incentives - In connection with the appointment of Mr. Rendall, the company will issue 125,000 incentive stock options, which will vest over a four-year period, subject to the approval of the TSX Venture Exchange [13].

Core Viewpoint - Electra Battery Materials Corporation is undergoing a significant transition with the appointment of Marty Rendall as the new Chief Financial Officer, aiming to enhance its operations and achieve cash flow by 2026 through the development of critical minerals supply chains outside of China [1][14]. Company Developments - The company is advancing the construction of North America's first cobalt sulfate refinery, with an initial production capacity of 5,000 tonnes per annum of battery-grade cobalt [3][11]. - A subsequent expansion is planned to increase cobalt production to 6,500 tonnes per annum, reaching the nameplate capacity of the crystallization circuit [16]. - Electra is also exploring the establishment of a second cobalt sulfate facility in Bécancour, Quebec, and a nickel sulfate refinery in North America [4][11]. Financial and Operational Highlights - The cobalt refinery project has an estimated current replacement value of approximately US$200 million, with the company in advanced stages to raise about US$60 million to complete construction [10]. - The U.S. Department of Defense has committed US$20 million to support the construction of the cobalt sulfate refinery [8][10]. - The company has successfully processed over 40 tonnes of black mass material in a plant-scale battery recycling trial, recovering valuable elements such as lithium, nickel, and cobalt [17]. Leadership Transition - Marty Rendall brings 17 years of experience as Chief Financial Officer at Victoria Gold, where he played a crucial role in transforming the company into a leading Canadian gold producer with an enterprise value exceeding C$1 billion [2][15]. - The transition from David Allen to Marty Rendall is expected to strengthen the company's operational capabilities and align interests with shareholders through long-term incentive plans [5][9].

Corporate Update - The Company engaged Epstein Research for research and analysis services in the metals and mining industry, paying a total of US$6,000 for the engagement period from September 1, 2024, to November 30, 2024 [1] - Epstein Research's role included increasing awareness through social media and producing various content types [1] About Electra Battery Materials - Electra Battery Materials focuses on processing low-carbon, ethically-sourced battery materials and is developing North America's only cobalt sulfate refinery [2][3] - The Company aims to onshore the electric vehicle supply chain and provide a North American solution for EV battery materials refining [2] Shareholder Meeting Results - At the special meeting, 13,792,275 common shares, representing 24% of the issued and outstanding shares, were voted in favor of all business items, including a reverse stock split and the 2024 Employee Share Purchase Plan [5] - The reverse stock split will occur at a ratio of four pre-split shares for one post-split share [6] Compliance with Nasdaq Requirements - The reverse stock split is intended to help the Company regain compliance with Nasdaq's minimum bid price requirement of US$1.00 per share [7] - The Company has until January 15, 2025, to regain compliance following an appeal to Nasdaq [7] Management Commentary - The Vice President of Investor Relations emphasized the importance of the Nasdaq listing for visibility and access to the U.S. market, expressing gratitude for shareholder support [8]

TORONTO, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce that it has secured a 10-year exploration permit for its Idaho copper and cobalt properties, including its Iron Creek project, in the Idaho Cobalt Belt, U.S.A. Covering 91 designated drill pad locations and hundreds of potential drill targets, this long-term permit enhances project certainty, offers greater planning flexibility, and significantly re ...

TORONTO, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today announces the filing of their third quarter 2024 financial reports. Achievements in the Quarter Refinery Project U.S. Department of Defence Award: On August 19, 2024, the Company received a US$20 million award under Title III of the Defense Production Act to support the construction of North America's first cobalt sulfate refinery for battery-grade materials.New Con ...

Exhibit 99.1 | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------|-------------------------| | | | | ELECTRA BATTERY MATERIALS CORPORATION | | | CONDENSED INTERIM CONSOLIDATED FINANCIAL FOR THE THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER AND 2023 (UNAUDITED) | STATEMENTS 30, 2024 | Approved on behalf of the Board of Directors and authorized for issue on November 14, 2024 ELECTRA BATTERY MATERIALS CORPOR ...

TORONTO, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) ("Electra" or the "Company") is pleased to announce CEO Trent Mell will be participating in the 2024 OECD Conference of Mining Regions and Cities taking place October 8 to 11, 2024, in Greater Sudbury, Canada. The OECD (Organisation for Economic Co-operation and Development) is a forum and knowledge hub for data, analysis and best practices in public policy. This conference brings together stakeholde ...

(All amounts in US dollars) TORONTO, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) ("Electra" or the "Company") today provided an update on its financing strategy for North America's first battery grade cobalt refinery, announcing that it has received a non-binding term sheet for a $20 million prepayment facility from an arms-length strategic player in the battery materials sector. Several other financing discussions have been advancing alongside this p ...