Core Insights - Electra Battery Materials Corporation has appointed David Stetson to its Board of Directors, bringing extensive leadership experience in the natural resources sector [1][5] - Stetson previously served as CEO of Alpha Metallurgical Resources, where he increased the company's market capitalization from $50 million to over $4 billion and eliminated $800 million in debt [2] - The appointment is part of Electra's strategy to strengthen its financial foundation and enhance its role in North America's critical minerals supply chain [5][6] Company Update - Electra has closed a bridge financing of $2 million through the issuance of unsecured 90-day promissory notes to support operations during its restructuring [6] - The addition of Stetson to the Board is seen as a reinforcement of Electra's commitment to disciplined execution as it advances its transformation and growth strategy [6] - Electra is focused on developing North America's only cobalt sulfate refinery and aims to reduce reliance on foreign supply chains through onshoring critical minerals refining [7][8]