Electra Appoints Experienced Finance Executive as CFO

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TORONTO, June 8, 2022 /CNW/ – Electra Battery Elements Company (NASDAQ: ELBM) (TSXV: ELBM) (“Electra”) these days announced the appointment of Craig Cunningham, a finance executive with 17 yrs of knowledge as Main Money Officer successful right now.

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“Craig is a welcome addition to the Electra senior leadership group, bringing government level leadership and extra than 17 several years of accounting, finance, operational, and funds markets experience,” stated Trent Mell, CEO of Electra Battery Products. “We look ahead to his a lot of contributions as we execute on our tactic of getting North America’s to start with built-in battery components park.”

Prior to becoming a member of Electra, Mr. Cunningham was Vice President and Regional Economic Officer at Kinross Gold exactly where he oversaw finance, data technology, provide chain and logistics, and administration capabilities in Russia. Mr. Cunningham was accountable for accounting, budgeting, and procurement for key progress projects as effectively as the integration of important acquisitions. Mr. Cunningham held a sequence of progressively liable roles even though at Kinross commencing in 2010, together with duty for initiatives created to make improvements to operational efficiency, maximize cash circulation, and enhance doing work capital. Previously, Mr. Cunningham served in controller, threat administration, and audit roles at Kik Tailor made Products, Loblaw Organizations, and PricewaterhouseCoopers.

“The adoption of electric powered motor vehicles will have a profound affect in tackling local weather transform and reducing carbon emissions globally,” mentioned Mr. Cunningham. “I am psyched to be joining Electra, a corporation at the forefront of creating a protected and reduced-carbon source chain of battery supplies for the EV business in North The usa, and wherever I can ideal make use of my strategic, entrepreneurial, and organization skills and experience.”

Mr. Cunningham is a Chartered Experienced Accountant and a graduate of the Ivey Business Faculty, Western University (Govt Learn of Enterprise Administration) and the Goodman College of Enterprise, Brock College (Bachelor of Accounting, Honours).

In accordance with the Firm’s extended phrase incentive program, Electra has granted Mr. Cunningham incentive stock choices to invest in an combination of 40,000 common shares of Electra exercisable at the former day’s closing rate of $4.90 for a interval of 5 several years. The stock choices will vest in 3 equal tranches on the initial, 2nd and third anniversary of the grant date. Extended-expression incentive grants are a key retention and incentive device for critical workforce and new hires and remain topic to the acceptance of the TSX Undertaking Trade.

About Electra Battery Resources

Electra’s main method is to develop small carbon, ethically sourced battery elements for the North American electric auto offer chain. Electra is particularly centered on making the very first built-in battery products park in North The united states, furnishing refined cobalt, nickel and recycled battery supplies to North American battery precursor producers. Electra also owns the highly developed exploration-phase Iron Creek cobalt-copper undertaking in Idaho, Usa.

On behalf of Electra Battery Components Company

Joe Racanelli
Vice President, Trader Relations

Neither TSX Venture Exchange nor its Regulation Services Service provider (as that time period is defined in policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.

Cautionary Be aware Relating to Forward-Searching Statements

This news release could consist of ahead-looking statements and ahead-wanting details (jointly, “ahead-hunting statements”) in just the which means of applicable securities laws and the United States Non-public Securities Litigation Reform Act of 1995. All statements, other than statements of historic information, are forward-wanting statements. Frequently, forward-looking statements can be discovered by the use of terminology this kind of as “options”, “expects’, “estimates”, “intends”, “anticipates”, “believes” or variants of these kinds of words, or statements that selected steps, gatherings or results “may”, “could”, “would”, “might”, “come about” or “be reached”. Ahead-hunting statements entail hazards, uncertainties and other things that could induce precise effects, general performance, and chances to differ materially from people implied by this kind of forward-seeking statements. Aspects that could lead to real success to vary materially from these ahead-hunting statements are established forth in the management dialogue and investigation and other disclosures of threat components for Electra Battery Products Company, filed on SEDAR at www.sedar.com. Although Electra Battery Materials Company believes that the facts and assumptions used in getting ready the ahead-seeking statements are affordable, undue reliance ought to not be put on these statements, which only use as of the day of this information release, and no assurance can be given that these occasions will occur in the disclosed moments frames or at all. Other than in which necessary by applicable legislation, Electra Battery Elements Company disclaims any intention or obligation to update or revise any ahead-on the lookout statement, regardless of whether as a result of new information, potential activities or in any other case.