TORONTO, May 25, 2022
/PRNewswire/ - Electra Battery Materials Corporation
(NASDAQ: ELBM) (TSX-V: ELBM) ("Electra") today announced the
appointment of Mr. Joseph
(Joe) Racanelli, a 20-year veteran of the capital
markets, as Vice President, Investor Relations. Mr. Racanelli
will oversee Electra's engagement with shareholders and the
investment community, helping to build profile and visibility of
the company's vision of becoming North
America's first fully-integrated battery materials park for
the electric vehicle industry. Working closely with Electra's
CEO, Trent Mell, Mr. Racanelli will
communicate Electra's investor proposition and build shareholder
value.
"Joe brings a wealth of experience with sell-side and buy-side
equity analysts, deep knowledge of capital markets, and a strong
network of relationships across the mining sector," said
Trent Mell, CEO of Electra Battery
Materials Corp. "His strategic communications and analysis
capabilities will be a great asset as we strengthen and and raise
awareness of the Electra brand with our broad, diverse community of
stakeholders."
Prior to his appointment, Mr. Racanelli served as Director of
Investor Relations with a major multinational leader in the mining
and refining of nickel and cobalt from lateritic ores.
Mr. Racanelli has more than 20 years of investor relations,
marketing and corporate communications experience. Previously, he
led the Resources, Commodities and Industrials Practice of
Canada's largest capital markets
advisory firm, providing strategic capital markets counsel to
senior management at assorted small and mid-cap companies. Over the
years, Mr. Racanelli has led the communication efforts for complex
financial transactions, helped five companies go public, scheduled
more than 500 road show meetings and established strong relations
with buy-side and sell-side contacts around the world. He is a
frequent speaker on IR issues and topics.
"Electra is at an important inflection point and I'm excited to
be joining the company at this stage of its growth," said Mr.
Racanelli. "With a number of upcoming milestones and
catalysts, Electra is well on its way to delivering its strategic
plan to become the most sustainable battery materials company in
the world.
Corporate Matters
In accordance with the Company's long term incentive plan,
Electra has granted incentive stock options to purchase an
aggregate of 350,000 pre-consolidation common shares of Electra
exercisable at the previous day's closing price of $4.63 for a period of five years. The stock
options will vest in three equal tranches on the first, second and
third anniversary of the grant date. Long-term incentive grants are
a key retention and incentive tool for key employees and new hires
and remain subject to the approval of the TSX Venture Exchange.
The Company also issued 39,500 restricted share units (RSUs) to
the owner's team exercisable at a price of the previous day's close
of $4.63 as part of a retention plan
that will take the project to commissioning. The RSUs vest on
August 1 2022 and January 1 2023.
About Electra Battery
Materials
Electra's core strategy is to produce low carbon, ethically
sourced battery materials for the North American electric vehicle
supply chain. 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 also owns the advanced
exploration-stage Iron Creek cobalt-copper project in Idaho, USA.
On behalf of Electra Battery Materials Corporation
Trent Mell
Chief Executive Officer
Neither 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.
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 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.sedar.com. Although Electra
Battery Materials Corporation 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, Electra Battery Materials Corporation 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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SOURCE Electra Battery Materials Corporation