Electra Appoints Experienced Finance Executive as CFO

TORONTO, June 8, 2022 /CNW/ – Electra Battery Resources Corporation (NASDAQ: ELBM) (TSXV: ELBM) (“Electra”) nowadays declared the appointment of Craig Cunningham, a finance government with 17 years of working experience as Main Economic Officer powerful now. 

“Craig is a welcome addition to the Electra senior leadership crew, bringing govt level leadership and much more than 17 a long time of accounting, finance, operational, and cash marketplaces encounter,” claimed Trent Mell, CEO of Electra Battery Resources. “We glimpse ahead to his lots of contributions as we execute on our strategy of starting to be North America’s first built-in battery products park.”

Prior to signing up for Electra, Mr. Cunningham was Vice President and Regional Economical Officer at Kinross Gold the place he oversaw finance, information engineering, source chain and logistics, and administration functions in Russia.  Mr. Cunningham was liable for accounting, budgeting, and procurement for crucial growth assignments as very well as the integration of substantial acquisitions. Mr. Cunningham held a series of progressively dependable roles whilst at Kinross commencing in 2010, together with responsibility for initiatives created to make improvements to operational overall performance, optimize dollars circulation, and improve doing work cash.   Previously, Mr. Cunningham served in controller, chance administration, and audit roles at Kik Tailor made Solutions, Loblaw Corporations, and PricewaterhouseCoopers.

“The adoption of electrical vehicles will have a profound affect in tackling local weather modify and cutting down carbon emissions globally,” stated Mr. Cunningham. “I am energized to be joining Electra, a company at the forefront of developing a protected and minimal-carbon source chain of battery components for the EV sector in North The usa, and where by I can greatest benefit from my strategic, entrepreneurial, and business skills and practical experience.”

Mr. Cunningham is a Chartered Qualified Accountant and a graduate of the Ivey Small business School, Western University (Govt Learn of Business enterprise Administration) and the Goodman University of Business enterprise, Brock College (Bachelor of Accounting, Honours).

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In accordance with the Company’s lengthy phrase incentive strategy, Electra has granted Mr. Cunningham incentive stock solutions to buy an aggregate of 40,000 frequent shares of Electra exercisable at the prior day’s closing rate of $4.90 for a time period of five several years. The stock solutions will vest in a few equal tranches on the initially, next and 3rd anniversary of the grant day. Very long-phrase incentive grants are a critical retention and incentive device for key workforce and new hires and remain subject matter to the approval of the TSX Enterprise Trade.

About Electra Battery Products

Electra’s main method is to produce lower carbon, ethically sourced battery products for the North American electrical car offer chain. Electra is particularly targeted on generating the initial integrated battery products park in North The us, giving refined cobalt, nickel and recycled battery products to North American battery precursor brands. Electra also owns the innovative exploration-stage Iron Creek cobalt-copper venture in Idaho, United states.

On behalf of Electra Battery Products Corporation

Joe Racanelli
Vice President, Investor Relations

Neither TSX Undertaking Exchange nor its Regulation Services Supplier (as that expression is outlined in procedures of the TSX Venture Trade) accepts responsibility for the adequacy or precision of this launch.

Cautionary Observe Pertaining to Ahead-Wanting Statements

This information launch may well have forward-searching statements and forward-on the lookout info (collectively, “forward-searching statements”) inside the that means of relevant securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical specifics, are ahead-looking statements. Frequently, ahead-wanting statements can be recognized by the use of terminology these as “options”, “expects’, “estimates”, “intends”, “anticipates”, “thinks” or variants of this sort of words, or statements that certain actions, functions or benefits “may”, “could”, “would”, “may”, “come about” or “be attained”. Ahead-on the lookout statements contain risks, uncertainties and other variables that could induce true final results, general performance, and possibilities to differ materially from all those implied by this kind of ahead-wanting statements. Variables that could result in precise benefits to vary materially from these forward-hunting statements are established forth in the management discussion and examination and other disclosures of hazard things for Electra Battery Resources Company, filed on SEDAR at www.sedar.com. Although Electra Battery Elements Corporation thinks that the information and assumptions made use of in getting ready the ahead-hunting statements are affordable, undue reliance must not be put on these statements, which only use as of the date of this news launch, and no assurance can be offered that such functions will arise in the disclosed instances frames or at all. Other than wherever needed by relevant law, Electra Battery Materials Corporation disclaims any intention or obligation to update or revise any ahead-on the lookout assertion, no matter if as a end result of new information, future activities or usually.

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Source Electra Battery Components Company

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