Electra to Participate in OECD Conference
October 08 2024 - 7:30AM
Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V:
ELBM) (“
Electra” or the
“
Company”) is pleased to announce CEO Trent Mell
will be participating in the 2024 OECD Conference of Mining Regions
and Cities taking place October 8 to 11, 2024, in Greater Sudbury,
Canada.
The OECD (Organisation for Economic Co-operation
and Development) is a forum and knowledge hub for data, analysis
and best practices in public policy. This conference brings
together stakeholders from across the public and private sectors,
academia, civil society organisations, and Indigenous
representatives, this year focusing on partnering for sustained
development in mining regions and future-proofing regional mineral
supply for the energy transition.
Mr. Mell will be speaking as part of a panel
discussion, as well as meeting with industry and other stakeholders
during the conference. The panel, titled Advancing circular
practices to increase local added-value, will discuss unlocking new
business opportunities, notably circular economy strategies such as
recycling.
Electra CEO, Trent Mell said, “I am looking
forward to participating in these important discussions. The OECD
Conference of Mining Regions and Cities is an opportunity for
stakeholders from various levels of government, locally and
globally, along with industry and community representatives to come
together to collaborate on solutions for building a greener future.
Electra is committed to helping build a sustainable, North American
battery materials supply chain, reducing reliance on foreign
sources.”
In September 2024, Electra announced a joint
venture with the Three Fires Group, an Indigenous-owned economic
development agency, Aki Battery Recycling. Aki Battery Recycling
will collaborate to source and process lithium-ion battery waste
from manufacturers to produce black mass at a state-of-the-art
facility to be established in southern Ontario. The black mass will
then be further treated using Electra’s proprietary process at its
Ontario hydrometallurgical refinery to recover critical minerals
that can be reintroduced into the battery supply chain.
In 2023, Electra processed 40 tonnes of black
mass at its refining complex north of Toronto to trial its
proprietary recycling process. The program is believed to have been
the first plant-scale hydrometallurgical recycling of black mass
material in North America as well as the first domestic production
of nickel-cobalt mixed hydroxide precipitate product (“MHP”).
Electra successfully recovered MHP, lithium carbonate, graphite and
other commercial products.
Electra’s near-term priority is recommissioning
and expanding its Ontario cobalt refinery, while its longer-term
vision includes extending its efforts to onshore additional
critical mineral refining processes, such as a closed loop for
recycled battery materials, a second cobalt sulfate facility in
Bécancour, Quebec, and a strategically located North American
nickel sulfate refinery to supply battery grade nickel to the North
American and global electric vehicle battery market.
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, Electra is
executing a phased strategy to onshore the electric vehicle supply
chain and provide a North American solution for EV battery
materials refining. In addition to building North America’s only
cobalt sulfate refinery, its strategy includes integrating black
mass recycling, potential cobalt sulfate processing in Bécancour,
Quebec, and exploring nickel sulfate production potential within
North America. For more information, please visit
www.ElectraBMC.com.
ContactHeather SmilesVice President, Investor
Relations & Corporate Development Electra Battery
Materialsinfo@ElectraBMC.com1.416.900.3891
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adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking
Statements
This news release may contain forward-looking
statements and forward-looking information (together,
“forward-looking statements”) 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 “plans”, “expects”, “estimates”, “intends”,
“anticipates”, “believes” or variations of such words, or
statements that certain actions, events or results “may”, “could”,
“would”, “might”, “occur” or “be achieved”. 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. 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
www.sedarplus.com and with on EDGAR at www.sec.gov. 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.
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