OTC-BB:ELBMF

Electra Starts Commissioning of Battery Materials Recycling Demonstration Plant at its Ontario Refinery Complex

Retrieved on: 
Thursday, October 13, 2022
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Under the parameters of the black mass demonstration, Electra plans to process up to 75 tonnes of material in a batch mode.

Key Points: 
  • Under the parameters of the black mass demonstration, Electra plans to process up to 75 tonnes of material in a batch mode.
  • Electra also anticipates the full commissioning of all equipment and circuits of the black mass recycling demonstration in the fall of 2022 with the full commissioning of the cobalt sulfate refinery expected in the spring of 2023.
  • The Company will provide regular updates on the status of its demonstration plant and commissioning efforts.
  • In preparation for the black mass demonstration plant, Electra completed process development and engineering on recycling black mass material.

Electra Confirms Cobalt Mineralization at New Target in Idaho

Retrieved on: 
Wednesday, October 5, 2022
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TORONTO, Oct. 5, 2022 /PRNewswire/ - Electra Battery Materials Corporation (TSX-V: ELBM) (OTCQX: ELBMF) ("Electra") confirmed today the existence of a new cobalt zone in the Idaho Cobalt Belt, following the receipt of assay results from drilling at its Ruby prospect.

Key Points: 
  • TORONTO, Oct. 5, 2022 /PRNewswire/ - Electra Battery Materials Corporation (TSX-V: ELBM) (OTCQX: ELBMF) ("Electra") confirmed today the existence of a new cobalt zone in the Idaho Cobalt Belt, following the receipt of assay results from drilling at its Ruby prospect.
  • Results from Electra's summer exploration program support a more extensive drill campaign to determine the full extent of Ruby's mineralization.
  • "We are very excited that drilling of our Ruby prospect supports our thesis that there are new cobalt targets in the Idaho Cobalt Belt.
  • The Ruby target is a new zone of cobalt mineralization located approximately 1.5 km southeast of Electra's flagship Iron Creek deposit.

Electra Makes Continued Progress on Cobalt Refinery Project and Prepares for Black Mass Recycling Demonstration

Retrieved on: 
Wednesday, September 28, 2022
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"On the heels of our commercial agreement with LG Energy Solution announced last week, we are excited by the continued progress at our refinery and the prospects of our upcoming black mass recycling demonstration plant.

Key Points: 
  • "On the heels of our commercial agreement with LG Energy Solution announced last week, we are excited by the continued progress at our refinery and the prospects of our upcoming black mass recycling demonstration plant.
  • Revenue generated from black mass recycling activities will be accretive to results expected from the sale of cobalt sulfate that is anticipated beginning in spring 2023 when the refinery is commissioned."
  • Electra has completed process development and engineering on recycling black mass material, a byproduct generated by the end-of-life EV battery recycling and other recycled lithium-based battery sources.
  • Under the parameters of the black mass demonstration, Electra plans to process up to 75 tonnes of material in a batch mode using the facilities of the refinery.

Electra and LG Energy Solution Sign Three-year Cobalt Supply Agreement

Retrieved on: 
Thursday, September 22, 2022
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In addition to the supply agreement, Electra and LG Energy Solution have agreed to cooperate and explore ways to advance opportunities across North America's EV supply chain, including, but not limited to, securing of sustainable sources of raw materials.

Key Points: 
  • In addition to the supply agreement, Electra and LG Energy Solution have agreed to cooperate and explore ways to advance opportunities across North America's EV supply chain, including, but not limited to, securing of sustainable sources of raw materials.
  • "LG Energy Solution is a global leader in the electric vehicle supply chain, and we are delighted to sign our first strategic supply agreement with such an important player in the lithium-ion battery market," said Trent Mell, CEO of Electra.
  • "This is only the beginning of a larger strategic relationship with LG Energy Solution involving our other assets and growth initiatives in the North American battery supply chain."
  • "This agreement between Electra and LG Energy Solution will see Canadian critical mineral resources and Canadian workers helping to build the car of the future.

Electra's Study on Integrated EV Battery Materials Facility in Ontario Demonstrates Compelling Economics

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Thursday, September 8, 2022
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"The scoping study supports our view that an integrated refining-recycling-pCAM battery materials complex in Ontario would deliver compelling economics, emit low carbon emissions and address the onshoring of battery materials needed by the North American automotive industry."

Key Points: 
  • "The scoping study supports our view that an integrated refining-recycling-pCAM battery materials complex in Ontario would deliver compelling economics, emit low carbon emissions and address the onshoring of battery materials needed by the North American automotive industry."
  • The integrated facility will utilize a hydrometallurgical flowsheet and leverage Electra's emerging expertise and permitted refining complex.
  • The scoping study estimates that an NMC 811 battery using materials produced at Electra's integrated facility would be up to 60% less carbon intensive than benchmark values.
  • Electra is pursuing a multi-phased approach to build an integrated battery materials park in Ontario.

Electra Reports Q2 Results and Provides Update on Cobalt Refinery Project

Retrieved on: 
Thursday, August 11, 2022
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TORONTO, Aug. 11, 2022 /PRNewswire/ - Electra Battery Materials Corporation (NASDAQ: ELBM)(TSX-V: ELBM) ("Electra") today announced the filing of its financial results for the second quarter ended June 30, 2022, and provided an update on the commissioning of its cobalt refinery located north of Toronto.

Key Points: 
  • TORONTO, Aug. 11, 2022 /PRNewswire/ - Electra Battery Materials Corporation (NASDAQ: ELBM)(TSX-V: ELBM) ("Electra") today announced the filing of its financial results for the second quarter ended June 30, 2022, and provided an update on the commissioning of its cobalt refinery located north of Toronto.
  • "Most notably, delivery of critical equipment for our refinery project was impacted by quality control issues experienced by a major supplier that will result in completing the commissioning project in the spring of 2023.
  • Total incurred costs for the refinery construction project at quarter end were $30.1 million.
  • Currently commissioning North America's only cobalt sulfate refinery, Electra is executing a multipronged strategy focused on onshoring the electric vehicle supply chain.

Electra Provides Notice of Second Quarter 2022 Results Conference Call and Webcast

Retrieved on: 
Friday, July 29, 2022
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TORONTO, July 29, 2022 /PRNewswire/ - Electra Battery Materials Corporation (NASDAQ: ELBM) (TSXV: ELBM)("Electra") will release its second quarter 2022 financial results after market close on August 11, 2022.

Key Points: 
  • TORONTO, July 29, 2022 /PRNewswire/ - Electra Battery Materials Corporation (NASDAQ: ELBM) (TSXV: ELBM)("Electra") will release its second quarter 2022 financial results after market close on August 11, 2022.
  • Senior management will host a conference call and webcast on August 12, 2022 at 10:00 am ET to review Electra's second quarter performance and discuss near-term outlook.
  • - North American dial-in number: 1-800-319-4610
    - Webcast and slide presentation: https://ElectraBMC.com/category/events/
    Electra is a processor of low-carbon, ethically-sourced battery materials.
  • Currently commissioning North America's only cobalt sulfate refinery, Electra is executing a multipronged strategy focused on onshoring the electric vehicle supply chain.

Electra Signs Benefits Agreement with Métis Nation of Ontario

Retrieved on: 
Tuesday, July 26, 2022
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"Signing our first Benefits Agreement marks an important milestone for Electra as we advance with the commissioning of our refinery," said Trent Mell, CEO of Electra Battery Materials.

Key Points: 
  • "Signing our first Benefits Agreement marks an important milestone for Electra as we advance with the commissioning of our refinery," said Trent Mell, CEO of Electra Battery Materials.
  • "We welcome the signing of the Benefits Agreement and Electra's commitment to support economic, cultural, and educational activities in the region," said Lorette McKnight, President of the Mtis Nation of Ontario Temiskaming Mtis Council.
  • In connection with the Benefits Agreement, Electra has agreed to issue 20,000 common shares of the Company to the MNO as a means of providing a measure of economic participation in the success of Electra's low-carbon battery materials visions.
  • Electra is advancing with the commissioning of a battery materials refinery in Temiskaming Shores, Ontario with a plant capacity of 5,100 tonnes of cobalt in sulfate.

Electra Evaluates Development of Second Battery Materials Refinery in North America; Appoints 30 Year Industry Veteran to Lead Study

Retrieved on: 
Wednesday, June 22, 2022
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"Given a forecasted deficit in domestic cobalt sulfate production by 2025, we have received significant interest from industry and government stakeholders to build a second refinery in North America," said Trent Mell, CEO of Electra Battery Materials.

Key Points: 
  • "Given a forecasted deficit in domestic cobalt sulfate production by 2025, we have received significant interest from industry and government stakeholders to build a second refinery in North America," said Trent Mell, CEO of Electra Battery Materials.
  • Bcancour is emerging as an important hub for the supply of low-carbon battery materials to the EV supply chain in North America.
  • Dave's first project with Electra will be completion of the Quebec study to determine the viability of a battery materials refinery in Bcancour.
  • Electra is specifically focused on creating the first integrated battery materials park in North America, providing refined cobalt, nickel and recycled battery materials to North American battery precursor manufacturers.

Electra Appoints Experienced Finance Executive as CFO

Retrieved on: 
Wednesday, June 8, 2022
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TORONTO, June 8, 2022 /PRNewswire/ - Electra Battery Materials Corporation (NASDAQ: ELBM) (TSXV: ELBM)("Electra") today announced the appointment of Craig Cunningham, a finance executive with 17 years of experience as Chief Financial Officer effective today.

Key Points: 
  • TORONTO, June 8, 2022 /PRNewswire/ - Electra Battery Materials Corporation (NASDAQ: ELBM) (TSXV: ELBM)("Electra") today announced the appointment of Craig Cunningham, a finance executive with 17 years of experience as Chief Financial Officer effective today.
  • "Craig is a welcome addition to the Electra senior leadership team, bringing executive level leadership and more than 17 years of accounting, finance, operational, and capital markets experience," said Trent Mell, CEO of Electra Battery Materials.
  • Prior to joining Electra, Mr. Cunningham was Vice President and Regional Financial Officer at Kinross Gold where he oversaw finance, information technology, supply chain and logistics, and administration functions in Russia.
  • Mr. Cunningham was responsible for accounting, budgeting, and procurement for key development projects as well as the integration of significant acquisitions.