(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 ...

TORONTO, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) ("Electra" or the "Company") is pleased to announce, in support of its strategic plans to build a North American battery materials supply chain, the Company has signed a strategic advisory agreement with Altitude Capital Consultants Inc. ("Altitude"), based in Toronto, Ontario and led by renowned Canadian capital markets and investment banking experts Michael Wekerle and Gene McBurney, to provide cap ...

Exhibit 99.1 | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | ELECTRA BATTERY MATERIALS CORPORATION | | CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS AND SIX MONTHS ENDED JUNE 30, 2024 AND 2023 (UNAUDITED) | | (EXPRESSED IN THOUSANDS OF CANADIAN DOLLARS) | | | CONDENSEDELECTRA BATTERY MATERIALS CORPORATION CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FI ...

Bridging the North American Battery Supply Chain Many of these uncertainties and contingencies can affect the Company's actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. All of the forward-looking state ...

Exhibit 99.1 ELECTRA BATTERY MATERIALS CORPORATION CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED MARCH 31, 2024 AND 2023 (UNAUDITED) (EXPRESSED IN THOUSANDS OF CANADIAN DOLLARS) ELECTRA BATTERY MATERIALS CORPORATION CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED) AS AT MARCH 31, 2024 AND 2023 (expressed in thousands of Canadian dollars) | | | | | December 31, 2023 | | --- | --- | --- | --- | --- | | | | March 31, 2024 | | Restated (Note 19) | | ASSETS | | | | | | C ...

Electra Battery Materials Corporation (NASDAQ:ELBM) Q4 2023 Earnings Conference Call May 17, 2024 9:00 AM ET Corporate Participants Heather Smiles - Vice President, Investor Relations and Corporate Development Trent Mell - Chief Executive Officer Mark Trevisiol - Vice President, Project Development David Allen - Chief Financial Officer Conference Call Participants Operator Thank you for standing by. This is the conference operator. Welcome to the Electra Year-End 2023 Results Conference Call. As a reminder ...

Management and Strategy - The management's discussion and analysis for the year ended December 31, 2023, is included in the Annual Report, providing insights into the company's performance and future prospects [503]. - The company aims to create a fully integrated and environmentally sustainable battery materials supply chain in North America, with over $2 billion secured in capital through 100+ transactions [509]. - The company is focused on marketing refined cobalt sulfate production to electric vehicle manufacturers and battery cell makers, with plans to expand to refine black mass from end-of-life lithium-ion batteries [515]. - The company is committed to becoming the leading North American refinery for electric vehicle battery materials, supported by a strategic investor relations program [519]. - The management team has extensive experience in the mining and natural resources sectors, with a focus on operational efficiency and project development [514]. - The company plans to leverage its expertise in capital markets and project development to drive growth in the battery materials sector [509]. - The company is actively pursuing sustainability initiatives and partnerships to enhance its environmental stewardship and governance strategies [512]. Executive Compensation - Directors' compensation for the financial year ending December 31, 2023, includes total compensation of $149,422 for John Pollesel and $132,873 for C.L. "Butch" Otter [522]. - Trent Mell, the President and CEO, received total compensation of $1,135,771 for the year 2023, including a base salary of $390,769 and non-equity incentives of $256,944 [527]. - The target bonus for Michael Insulan, Vice President, Commercial, is 40% of his base salary of $240,000, contingent upon achieving corporate objectives [534]. - Mark Trevisiol, Vice President, Project Development, has a target bonus of 50% of his base salary of $270,000, contingent upon achieving corporate objectives [535]. - Joe Racanelli, Vice President, Investor Relations, had a target bonus of 35% of his base salary of $215,000 before resigning on December 15, 2023 [536]. - The company signed a revised contract with Trent Mell in January 2023, outlining a bonus potential of up to 100% of his base salary based on corporate objectives [530]. - The company has established a Compensation, Governance, and Nominating Committee to oversee executive compensation matters and corporate governance principles [551]. Shareholder Information - NewGen Asset Management Limited owns 4,452,060 Common Shares, representing 7.78% of the outstanding shares [560]. - Whitebox Advisors LLC holds 5,900,164 Common Shares, accounting for 9.9% of the total shares [566]. - The total number of Common Shares reserved for the 2022 Amended and Restated LTIP is capped at 4,100,000 [568]. - Up to 350,000 Common Shares may be reserved for issuance upon conversion of RSUs and PSUs each, and 400,000 for DSUs [568]. - The maximum number of Common Shares that can be issued to any one person in a 12-month period is limited to 5% of the issued shares [568]. - The aggregate principal amount of 8.99% Convertible Senior Secured Notes due 2028 is $25,500,000, convertible into 10,281,957 Common Shares [566]. - The beneficial ownership limitations prevent holders from exceeding 9.9% of Common Shares outstanding upon conversion or exercise [566]. - All executive officers and directors as a group own 671,083 Common Shares, which is 1.03% of the total [560]. - The company had 72 record holders of Common Shares as of May 9, 2024, with 95.45% held in Canada [558]. - The company aims to align the interests of directors and key employees with those of shareholders through the 2022 Amended and Restated LTIP [564]. - The 2022 Amended and Restated LTIP does not provide financial assistance to participants [569]. Employee Share Purchase Plan (ESP Plan) - The Company has reserved a maximum of 1,000,000 Common Shares for issuance under the Employee Share Purchase Plan (ESP Plan), which cannot exceed 20% of the total issued and outstanding Common Shares [576]. - The Company aims to align employee interests with shareholders through the ESP Plan, allowing employees to contribute between 1% and 10% of their Base Annual Salary [578]. - The ESP Plan allows for notional grants of Common Shares based on employee contributions, credited at 100% of the contribution amount [578]. - The Board has the discretion to amend the ESP Plan without shareholder approval, except for certain significant changes [582]. Financial Performance and Liabilities - As of December 31, 2023, the Company has total contractual liabilities of $71,912,000, with $8,950,000 due within one year [642]. - The Company reported a significant decrease in accounts payable and accrued liabilities from $18,864,000 in 2022 to $8,828,000 in 2023 [642]. - The Company is currently facing liquidity risk, with insufficient financial resources to complete the construction and commissioning of the Refinery [642]. - The Company has convertible notes payable amounting to $67,453,000 due after two years as of December 31, 2023 [642]. - The Company has a contractual obligation to repay a long-term government loan of $4,299,000 after two years [642]. - The Company’s total liabilities decreased from $22,417,000 in 2022 to $8,950,000 in 2023, indicating improved financial management [642]. Foreign Currency and Financial Instruments - As of December 31, 2023, the company's maximum exposure to credit risk was the carrying value of cash and cash equivalents, restricted cash, and receivables [651]. - The company recognized a foreign exchange loss of $696 for the year ended December 31, 2023, compared to a loss of $1,019 in 2022 [653]. - A 10% depreciation or appreciation of the US Dollar against the Canadian Dollar would result in a $3,610 decrease or increase in the company's net income before tax as of December 31, 2023 [653]. - The company's total foreign currency exchange risk on monetary financial instruments as of December 31, 2023, amounted to $(49,418) when expressed in Canadian Dollars [652]. - The company does not have any financial instruments linked to LIBOR, SOFR, or any floating market interest rate as of December 31, 2023 [654].

Exhibit 99.1 ELECTRA BATTERY MATERIALS CORPORATION (FORMERLY FIRST COBALT CORP.) CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022 (EXPRESSED IN THOUSANDS OF CANADIAN DOLLARS) ELECTRA BATTERY MATERIALS CORPORATION CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022 (expressed in thousands of Canadian dollars) Management has implemented appropriate processes to support management representations that it has exercised reasonable diligence that the co ...

TORONTO--(BUSINESS WIRE)--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, “Company”) is pleased to announce senior management will be participating in the several investment and industry conferences: BMO Global Metals, Mining & Critical Minerals Conference, February 25-28 CEO, Trent Mell, will be available for one-on-one meetings with institutional and industry peers throughout the conference to discuss Electra’s near-term plans. Red Cloud’s Pre-PDAC Showcase – Februar ...

TORONTO--(BUSINESS WIRE)--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, “Company”) announced today that in accordance with its Long-Term Incentive Plan approved by shareholders at its October 24, 2023 annual general meeting, the Company has issued 3,150,225 incentive stock options (the “Options”) and 104,938 restricted share units (“RSU”) to certain directors, officers, employees, and contractors of the Company. The Company will also settle (the “Share Settlement”) a total of ...