TORONTO, June 8, 2022
/CNW/ - Electra Battery Materials Corporation (NASDAQ: ELBM)
(TSXV: ELBM) ("Electra") today announced the appointment of
Craig Cunningham, a finance
executive with 17 years of experience as Chief Financial Officer
effective today.
"Craig is a welcome addition to the Electra senior leadership
team, bringing executive level leadership and more than 17 years of
accounting, finance, operational, and capital markets experience,"
said Trent Mell, CEO of Electra
Battery Materials. "We look forward to his many contributions as we
execute on our strategy of becoming North
America's first integrated battery materials park."
Prior to joining Electra, Mr. Cunningham was Vice President and
Regional Financial Officer at Kinross Gold where he oversaw
finance, information technology, supply chain and logistics, and
administration functions in Russia. Mr. Cunningham was
responsible for accounting, budgeting, and procurement for key
development projects as well as the integration of significant
acquisitions. Mr. Cunningham held a series of progressively
responsible roles while at Kinross
beginning in 2010, including responsibility for projects designed
to improve operational performance, maximize cash flow, and
optimize working capital. Previously, Mr. Cunningham
served in controller, risk management, and audit roles at Kik
Custom Products, Loblaw Companies, and PricewaterhouseCoopers.
"The adoption of electric vehicles will have a profound impact
in tackling climate change and reducing carbon emissions globally,"
said Mr. Cunningham. "I am excited to be joining Electra, a company
at the forefront of developing a secure and low-carbon supply chain
of battery materials for the EV industry in North America, and where I can best utilize my
strategic, entrepreneurial, and business skills and experience."
Mr. Cunningham is a Chartered Professional Accountant and a
graduate of the Ivey Business School, Western
University (Executive Master of Business Administration) and
the Goodman School of Business, Brock
University (Bachelor of Accounting, Honours).
In accordance with the Company's long term incentive plan,
Electra has granted Mr. Cunningham incentive stock options to
purchase an aggregate of 40,000 common shares of Electra
exercisable at the previous day's closing price of $4.90 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.
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
Joe Racanelli
Vice President, Investor Relations
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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/electra-appoints-experienced-finance-executive-as-cfo-301563517.html
SOURCE Electra Battery Materials Corporation