Electra Provides Corporate Update
Toronto, Ontario – (May 24, 2023) – Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today announced that Garett Macdonald has resigned as a member of the Company’s Board of Directors to devote more time to his growing responsibilities as CEO of Maritime Resources Corporation.
“On behalf of the Board of Directors, I would like to thank Garett for his many contributions to Electra over the past five years and extend him best wishes for continued success,” said John Pollesel, Electra’s Chairman. “Current Directors and I remain fully committed to achieving Electra’s vision and we are actively supporting management’s efforts to address the funding shortfall needed to complete the construction of our refinery project. We anticipate providing an update on our progress in the coming weeks.”
About Electra Battery Materials
Electra is a processor of low-carbon, ethically-sourced battery materials. Currently focused on developing North America’s only cobalt sulfate refinery and operating a black mass demonstration plant, Electra is executing a multipronged strategy focused on onshoring the electric vehicle supply chain. Keys to its strategy are integrating black mass recycling and nickel sulfate production at Electra’s cobalt refinery located north of Toronto, advancing Iron Creek, its cobalt-copper exploration-stage project in the Idaho Cobalt Belt, and expanding cobalt sulfate processing into Bécancour, Quebec. For more information visit www.ElectraBMC.com.
Vice President, Investor Relations