{"id":760391,"date":"2023-05-24T19:33:07","date_gmt":"2023-05-24T23:33:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/electra-provides-corporate-update-2\/"},"modified":"2023-05-24T19:33:07","modified_gmt":"2023-05-24T23:33:07","slug":"electra-provides-corporate-update-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/electra-provides-corporate-update-2\/","title":{"rendered":"Electra Provides Corporate Update"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Electra Provides Corporate Update<\/b><\/p>\n<p>TORONTO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<b>Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM)<\/b> (\u201cElectra\u201d or the \u201cCompany\u201d) today announced that Garett Macdonald has resigned as a member of the Company\u2019s Board of Directors to devote more time to his growing responsibilities as CEO of Maritime Resources Corporation.<\/p>\n<p>\n\u201cOn 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,\u201d said John Pollesel, Electra\u2019s Chairman. \u201cCurrent Directors and I remain fully committed to achieving Electra\u2019s vision and we are actively supporting management\u2019s 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.\u201d<\/p>\n<p><b>About Electra Battery Materials<\/b><\/p>\n<p>\nElectra is a processor of low-carbon, ethically-sourced battery materials. Currently focused on developing North America\u2019s 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\u2019s 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 B\u00e9cancour, Quebec. For more information visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ElectraBMC.com&amp;esheet=53406985&amp;newsitemid=20230524005960&amp;lan=en-US&amp;anchor=www.ElectraBMC.com&amp;index=1&amp;md5=49d042ff2d6392c3b0656c7bee1b9c65\">www.ElectraBMC.com<\/a>.<\/p>\n<p><i>Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.<\/i><\/p>\n<p><b><i>Cautionary Note Regarding Forward-Looking Statements<\/i><\/b><\/p>\n<p><i>This news release may contain forward-looking statements and forward-looking information (together, \u201cforward-looking statements\u201d) within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as \u201cplans\u201d, \u201cexpects\u201d, \u201cestimates\u201d, \u201cintends\u201d, \u201canticipates\u201d, \u201cbelieves\u201d or variations of such words, or statements that certain actions, events or results \u201cmay\u201d, \u201ccould\u201d, \u201cwould\u201d, \u201cmight\u201d, \u201coccur\u201d or \u201cbe achieved\u201d. Such forward-looking statements include, without limitation, statements regarding the potential for additional funding from the Federal government of Canada and the government of Ontario and the quantum and terms thereof, adjustments of interest rates on the occurrence of certain events which may impact the attributes of the notes and warrants issued under the Note Offering, including but not limited to a \u201cgreen bond\u201d designation, and the effective conversion rate of the Notes and Warrants, which is subject to adjustment in certain circumstances, the listing of the Common Shares underlying the notes and the warrants issued under the Note Offering on TSXV and NASDAQ, and the expected use of proceeds of the Offering. Forward-looking statements are based on certain assumptions, and involve risks, uncertainties and other factors that could cause actual results, performance, and opportunities to differ materially from those implied by such forward-looking statements. Among the bases for assumptions with respect to the potential for additional government funding are discussions and indications of support from government actors based on certain milestones being achieved. Factors that could cause actual results to differ materially from these forward-looking statements are set forth in the management discussion and analysis and other disclosures of risk factors for Electra Battery Materials Corporation, filed on SEDAR at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sedar.com&amp;esheet=53406985&amp;newsitemid=20230524005960&amp;lan=en-US&amp;anchor=www.sedar.com&amp;index=2&amp;md5=58c18d712486bc5dacc349731fe230c2\">www.sedar.com<\/a> and with on EDGAR at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=53406985&amp;newsitemid=20230524005960&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=3&amp;md5=ef4c82f42f9bfa77ce9ff98b3e9b96b0\">www.sec.gov<\/a>. Other factors that could lead actual results to differ materially include changes with respect to government or investor expectations or actions as compared to communicated intentions, and general macroeconomic and other trends that can affect levels of government or private investment. Although the Company believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230524005960r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230524005960\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230524005960\/en\/<\/a><\/span><\/p>\n<p>\nJoe Racanelli<br \/>\n<br \/>Vice President, Investor Relations<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:info@ElectraBMC.com\">info@ElectraBMC.com<br \/>\n<\/a><br \/>1.416.900.3891<\/p>\n<p><b>KEYWORDS:<\/b> North America Canada<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Recycling Mining\/Minerals Technology Environment Batteries Natural Resources<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230524005960\/en\/1610221\/3\/Electra_BM_logo_colors.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Electra Provides Corporate Update TORONTO&#8211;(BUSINESS WIRE)&#8211;Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (\u201cElectra\u201d or the \u201cCompany\u201d) today announced that Garett Macdonald has resigned as a member of the Company\u2019s Board of Directors to devote more time to his growing responsibilities as CEO of Maritime Resources Corporation. \u201cOn 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,\u201d said John Pollesel, Electra\u2019s Chairman. \u201cCurrent Directors and I remain fully committed to achieving Electra\u2019s vision and we are actively supporting management\u2019s efforts to address the funding shortfall needed to complete the construction of our refinery project. We anticipate providing an &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/electra-provides-corporate-update-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Electra Provides Corporate Update&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-760391","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Electra Provides Corporate Update - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/electra-provides-corporate-update-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Electra Provides Corporate Update - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Electra Provides Corporate Update TORONTO&#8211;(BUSINESS WIRE)&#8211;Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (\u201cElectra\u201d or the \u201cCompany\u201d) today announced that Garett Macdonald has resigned as a member of the Company\u2019s Board of Directors to devote more time to his growing responsibilities as CEO of Maritime Resources Corporation. \u201cOn 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,\u201d said John Pollesel, Electra\u2019s Chairman. \u201cCurrent Directors and I remain fully committed to achieving Electra\u2019s vision and we are actively supporting management\u2019s efforts to address the funding shortfall needed to complete the construction of our refinery project. 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