Electra Appoints Paolo Toscano as Vice President of Projects and Engineering to Lead Construction of North America's First Cobalt Sulfate Refinery

New Leadership Appointment: Electra Battery Materials Corporation has appointed Paolo Toscano as Vice President, Projects and Engineering, to oversee the construction of North America's first cobalt sulfate refinery in Ontario, leveraging his extensive experience in large-scale mining projects.

Reverse Split Update: The company has decided not to proceed with a previously approved reverse split of its common shares at this time, while continuing to monitor market conditions and may reconsider in the future.

Long-Term Incentive Plan: Electra has issued a total of 2,669,000 incentive stock options, 179,000 restricted share units, and 271,000 deferred share units to align the interests of its personnel with those of shareholders, pending approval from the TSX Venture Exchange.

Company Focus: Electra is committed to advancing North America's critical minerals supply chain, particularly through the construction of its cobalt sulfate refinery and exploring opportunities in black mass recycling and nickel refining.