Electra Appoints Experienced Finance Executive as CFO

TORONTO, June 8, 2022 /CNW/ – Electra Battery Components Corporation (NASDAQ: ELBM) (TSXV: ELBM) (“Electra”) these days announced the appointment of Craig Cunningham, a finance executive with 17 yrs of encounter as Chief Economic Officer effective nowadays. 

“Craig is a welcome addition to the Electra senior management staff, bringing executive amount leadership and additional than 17 a long time of accounting, finance, operational, and capital marketplaces knowledge,” claimed Trent Mell, CEO of Electra Battery Resources. “We look forward to his quite a few contributions as we execute on our strategy of getting North America’s initial built-in battery materials park.”

Prior to joining Electra, Mr. Cunningham was Vice President and Regional Fiscal Officer at Kinross Gold where he oversaw finance, facts know-how, offer chain and logistics, and administration features in Russia.  Mr. Cunningham was responsible for accounting, budgeting, and procurement for important progress projects as well as the integration of considerable acquisitions. Mr. Cunningham held a series of progressively accountable roles whilst at Kinross commencing in 2010, together with accountability for assignments created to make improvements to operational performance, increase dollars move, and optimize performing cash.   Previously, Mr. Cunningham served in controller, danger administration, and audit roles at Kik Custom Products and solutions, Loblaw Providers, and PricewaterhouseCoopers.

“The adoption of electric powered cars will have a profound impact in tackling local weather alter and minimizing carbon emissions globally,” explained Mr. Cunningham. “I am enthusiastic to be becoming a member of Electra, a company at the forefront of building a safe and minimal-carbon offer chain of battery elements for the EV field in North The united states, and the place I can finest make use of my strategic, entrepreneurial, and enterprise competencies and expertise.”

Mr. Cunningham is a Chartered Specialist Accountant and a graduate of the Ivey Company Faculty, Western University (Govt Master of Company Administration) and the Goodman University of Small business, Brock University (Bachelor of Accounting, Honours).

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In accordance with the Firm’s extensive expression incentive prepare, Electra has granted Mr. Cunningham incentive inventory choices to order an combination of 40,000 widespread shares of Electra exercisable at the previous day’s closing selling price of $4.90 for a interval of five several years. The stock choices will vest in three equivalent tranches on the initially, second and third anniversary of the grant date. Extended-time period incentive grants are a important retention and incentive instrument for vital employees and new hires and continue being subject to the acceptance of the TSX Undertaking Trade.

About Electra Battery Resources

Electra’s core tactic is to develop very low carbon, ethically sourced battery elements for the North American electrical auto provide chain. Electra is precisely targeted on building the very first integrated battery products park in North The united states, offering refined cobalt, nickel and recycled battery components to North American battery precursor brands. Electra also owns the state-of-the-art exploration-stage Iron Creek cobalt-copper venture in Idaho, Usa.

On behalf of Electra Battery Products Corporation

Joe Racanelli
Vice President, Investor Relations

Neither TSX Enterprise Trade nor its Regulation Expert services Supplier (as that phrase is outlined in insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or precision of this launch.

Cautionary Be aware With regards to Ahead-Hunting Statements

This news release may comprise ahead-looking statements and ahead-seeking data (collectively, “ahead-wanting statements”) in the indicating of relevant securities legislation and the United States Non-public Securities Litigation Reform Act of 1995. All statements, other than statements of historic specifics, are forward-on the lookout statements. Commonly, ahead-searching statements can be identified by the use of terminology this sort of as “strategies”, “expects’, “estimates”, “intends”, “anticipates”, “believes” or variants of these types of terms, or statements that certain steps, situations or benefits “may”, “could”, “would”, “may”, “come about” or “be accomplished”. Ahead-looking statements involve pitfalls, uncertainties and other factors that could induce actual success, performance, and options to vary materially from all those implied by this kind of ahead-hunting statements. Variables that could result in true success to vary materially from these forward-looking statements are established forth in the administration discussion and analysis and other disclosures of risk components for Electra Battery Elements Company, submitted on SEDAR at www.sedar.com. While Electra Battery Products Corporation believes that the information and assumptions utilized in planning the forward-hunting statements are reasonable, undue reliance should really not be put on these statements, which only apply as of the date of this news launch, and no assurance can be given that these kinds of functions will manifest in the disclosed moments frames or at all. Besides exactly where demanded by applicable law, Electra Battery Resources Corporation disclaims any intention or obligation to update or revise any forward-hunting assertion, whether or not as a end result of new info, long term events or normally.

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