Electra Appoints Experienced Finance Executive as CFO

TORONTO, June 8, 2022 /PRNewswire/ – Electra Battery Components Company (NASDAQ: ELBM) (TSXV: ELBM) (“Electra”) currently announced the appointment of Craig Cunningham, a finance executive with 17 years of knowledge as Main Financial Officer efficient right now.   

“Craig is a welcome addition to the Electra senior management workforce, bringing govt degree management and much more than 17 years of accounting, finance, operational, and funds markets working experience,” stated Trent Mell, CEO of Electra Battery Components. “We appear forward to his several contributions as we execute on our method of turning into North America’s initial integrated battery materials park.”

Prior to signing up for Electra, Mr. Cunningham was Vice President and Regional Economical Officer at Kinross Gold where he oversaw finance, facts technological know-how, source chain and logistics, and administration features in Russia.  Mr. Cunningham was accountable for accounting, budgeting, and procurement for important enhancement jobs as perfectly as the integration of sizeable acquisitions. Mr. Cunningham held a collection of progressively responsible roles whilst at Kinross beginning in 2010, which include accountability for jobs developed to make improvements to operational efficiency, improve income movement, and improve doing work cash.   Previously, Mr. Cunningham served in controller, danger management, and audit roles at Kik Custom made Products, Loblaw Organizations, and PricewaterhouseCoopers.

“The adoption of electric powered automobiles will have a profound effects in tackling local weather modify and reducing carbon emissions globally,” stated Mr. Cunningham. “I am excited to be signing up for Electra, a business at the forefront of developing a protected and very low-carbon source chain of battery resources for the EV marketplace in North America, and the place I can greatest use my strategic, entrepreneurial, and small business techniques and encounter.”  

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

In accordance with the Firm’s very long phrase incentive strategy, Electra has granted Mr. Cunningham incentive inventory selections to acquire an aggregate of 40,000 popular shares of Electra exercisable at the earlier day’s closing selling price of $4.90 for a period of five decades. The inventory possibilities will vest in 3 equivalent tranches on the first, second and third anniversary of the grant day. Very long-expression incentive grants are a vital retention and incentive tool for critical staff and new hires and stay matter to the acceptance of the TSX Enterprise Exchange.

About Electra Battery Supplies

Electra’s main technique is to create small carbon, ethically sourced battery elements for the North American electrical car supply chain. Electra is especially concentrated on producing the initially built-in battery products park in North The united states, delivering refined cobalt, nickel and recycled battery products to North American battery precursor suppliers. Electra also owns the innovative exploration-phase Iron Creek cobalt-copper undertaking in Idaho, United states.

On behalf of Electra Battery Components Corporation

Joe Racanelli
Vice President, Investor Relations

Neither TSX Venture Trade nor its Regulation Companies Supplier (as that expression is described in guidelines of the TSX Undertaking Exchange) accepts duty for the adequacy or accuracy of this launch.

Cautionary Observe About Forward-Searching Statements

This information release may comprise forward-searching statements and ahead-seeking data (together, “ahead-seeking statements”) within just the indicating of applicable securities legal guidelines and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historic specifics, are forward-seeking statements. Frequently, forward-looking statements can be identified by the use of terminology this kind of as “ideas”, “expects’, “estimates”, “intends”, “anticipates”, “believes” or variants of these types of text, or statements that specific actions, activities or results “may perhaps”, “could”, “would”, “might”, “occur” or “be achieved”. Ahead-seeking statements include hazards, uncertainties and other factors that could result in true effects, general performance, and alternatives to differ materially from those implied by these kinds of ahead-hunting statements. Elements that could trigger true final results to vary materially from these forward-hunting statements are set forth in the administration discussion and examination and other disclosures of chance elements for Electra Battery Resources Company, filed on SEDAR at www.sedar.com. Despite the fact that Electra Battery Components Company thinks that the info and assumptions employed in making ready the forward-seeking statements are realistic, undue reliance must not be positioned on these statements, which only use as of the day of this information release, and no assurance can be provided that such functions will take place in the disclosed periods frames or at all. Other than exactly where demanded by applicable law, Electra Battery Elements Corporation disclaims any intention or obligation to update or revise any ahead-hunting statement, whether as a final result of new details, upcoming activities or if not.

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Source Electra Battery Supplies Corporation