Cobalt

Electra Battery Materials Corporation (TSXV: ELBM) (OTCQX: ELBMF) (" Electra " or the " Company ") announces that effective at the close of business on April 12, 2022 the Company will consolidate (the " Consolidation ") its outstanding common share capital on the basis of one (1) post-Consolidation share for every eighteen (18) pre-Consolidation shares. At the opening of markets on April 13, 2022 the common shares of the Company will commence trading on a post-Consolidation basis under the existing ticker symbol "ELBM" and the new CUSIP: 28474P201.

The Consolidation is being undertaken in preparation for a potential listing of the common shares of the Company on The Nasdaq Stock Market LLC (" Nasdaq "). The Consolidation was previously approved by shareholders of the Company at the annual general and special meeting held on December 2 , 2021.

As of the date of this news release, the Company has 562,414,189 common shares issued and outstanding. Following completion of the Consolidation, the Company is expected to have approximately 31,245,233 common shares issued and outstanding. The exercise price and number of common shares issuable upon the exercise of the Company's outstanding options, warrants and convertible notes will also be proportionally adjusted upon completion of the Consolidation.

A letter of transmittal will be mailed to registered shareholders once the Consolidation has taken effect. The letter of transmittal contains instructions on how registered shareholders can exchange their share certificates evidencing their pre-Consolidation shares for new share certificates representing the number of post-Consolidation shares to which they are entitled.

Beneficial shareholders holding their shares through a brokerage may be subject to different procedures for obtaining their post-Consolidation shares. If shareholders have any questions in this regard, they are encouraged to contact their respective brokerage or intermediary.

Readers are cautioned that while the Company has applied for listing on Nasdaq, completion of a listing is subject to regulatory approvals and the satisfaction of applicable listing requirements. There can be no assurance that a listing will be completed, and in the event a listing is completed it is contemplated that the common shares of the Company would continue to trade in Canada on the TSX Venture Exchange.

Electra is planning to build a fully integrated, localized and environmentally sustainable battery materials park. Leveraging the Company's own mining assets and business partners, the Electra Battery Materials Park is expected to host cobalt and nickel sulfate production plants, a large-scale lithium-ion battery recycling facility, and battery precursor materials production, which will serve both North American and global customers. Electra also owns the advanced exploration-stage Iron Creek cobalt-copper project in Idaho, USA . Electra Battery Materials is an integral part of the North American battery supply chain, providing low-carbon, sustainable and traceable raw materials for the region's fast growing electric vehicle industry.

On behalf of Electra Battery Materials.

Trent Mell
Chief Executive Officer

For more information visit www.ElectraBMC.com

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.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/electra-confirms-effective-date-for-share-consolidation-301523228.html

SOURCE Electra Battery Materials Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2022/11/c6157.html

News Provided by Canada Newswire via QuoteMedia

ELBM:CA
Electra Battery Materials Logo

Electra Battery Materials


Keep reading... Show less
Electra Updates ATM Program

Electra Updates ATM Program

Electra Battery Materials Corporation (NASDAQ: ELBM) (TSXV: ELBM) ("Electra") announces that it has updated its at-the-market equity program (the "ATM Program") to issue up to C$20,000,000 (or its equivalent in U.S. currency) of common shares ("Common Shares") in the United States and Canada from time to time, at Electra's discretion. The update is to permit sales of Common Shares under the ATM Program into the United States following Electra's listing on the Nasdaq Capital Market ("Nasdaq") on April 27, 2022 .

Keep reading... Show less
Electra Drilling Intersects High Grade Cobalt, Extends Mineralization at Idaho Project

Electra Drilling Intersects High Grade Cobalt, Extends Mineralization at Idaho Project

Electra Battery Materials Corporation (NASDQ: ELBM) (TSXV: ELBM) ("Electra") is pleased to announce that drilling at its cobalt-copper mineral project in Idaho has successfully extended mineralization by an additional 180 metres to the east of the current deposit as well as down dip from the eastern edge of the resource zone.

HIGHLIGHTS
  • Cobalt is an essential ingredient in long range electric vehicle batteries and the U.S. automotive industry is entirely reliant on foreign supplies of this critical mineral

  • Five of six exploration holes drilled in the most recent drill campaign intersected high grade cobalt mineralization, including:

    • 2.5 metres at 0.2% cobalt in hole IC21-04
    • 1.4 metres at 0.4% cobalt in hole IC21-05
    • 2.4 metres at 0.2% cobalt in hole IC21-05A
  • Cobalt mineralization remains open along strike in both directions and the final three holes to be reported intersected the mineralized stratigraphy over a depth extent of 400 meters to the east of the current resource

"As expected, drill results on the eastern side of the deposit confirm that the mineralized system has considerable growth potential along strike and at depth" said Dan Pace , Principal Geologist. "Additional drilling to the east of Iron Creek will target zones where the cobalt mineralization may thicken in structural traps. Drilling is also planned for the Ruby zone located 1.5 kilometers to the southeast, where cobalt mineralization can be traced for approximately 300 meters on surface, with 27 surface rock chip samples with assays of up to 0.9%."

Keep reading... Show less
Electra Approved to List on Nasdaq Capital Markets; Management to Ring the Closing Bell

Electra Approved to List on Nasdaq Capital Markets; Management to Ring the Closing Bell

Electra Battery Materials Corporation (TSXV: ELBM) (OTCQX: ELBMF) ("Electra") today announced that the Nasdaq Stock Market LLC has approved the listing of Electra's common shares on the Nasdaq Capital Market ("Nasdaq"). Electra will commence trading on Nasdaq on April 27, 2022 under the ticker symbol "ELBM". Electra's common shares will continue to trade on the TSX Venture Exchange (TSX-V) under the symbol "ELBM".

Keep reading... Show less
Electra Provides Corporate Update

Electra Provides Corporate Update

Electra Battery Materials Corporation (TSXV: ELBM) (OTCQX: ELBMF) ("Electra") today provided an update on its Battery Materials Park project along with leadership changes, including the departure of Chief Financial Officer Ryan Snyder . Mr. Snyder has accepted a new opportunity with a senior precious metals producer and will be leaving Electra at the end of April.

"We are fortunate to have had someone of Ryan's calibre at Electra over the past several years, as we were building our business. As we approach commercial production from Phase 1 of our Battery Materials Park, I am truly disappointed to see him leave but I fully respect his decision to pursue a new challenge with a global miner. On behalf of the Board and the senior leadership team, I thank Ryan for his immeasurable contributions to Electra and wish him well in his next endeavour," said Mr. Trent Mell , Chief Executive Officer.

Keep reading... Show less
Electra Strengthens ESG Leadership

Electra Strengthens ESG Leadership

Electra Battery Materials Corporation (TSXV: ELBM) (OTCQX: ELBMF) ("Electra") today announced the appointment of Renata Cardoso as Vice-President, Sustainability and Low Carbon. In this capacity, Renata will have overall responsibility for the Company's mission to exceed global ESG norms in the industry, in line with Electra's business objective to be the partner of choice in the EV market. Ms. Cardoso is joining the Company after 15 years with global miner Vale. Ms. Cardoso has extensive experience leading corporate sustainability and climate change strategy in the international mining and metals industry.

Keep reading... Show less
Canada Silver Cobalt Works

Canada Silver Cobalt Announces Airborne VTEM Geophysical Survey at Its Lowney-Lac Edouard Property East of La Tuque in Central Quebec

The VTEM Plus survey will be flown via helicopter later in June, and aims to identify discrete conductive anomalies near surface.

Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTCQB: CCWOF) (FSE: 4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce it is planning an airborne VTEM Plus geophysical survey at its Lowney-Lac Edouard property south of the historical Lac Edouard Ni-Cu-Co mine in Central Quebec.

The property is of particular interest to the technical team due to several important factors:

Keep reading... Show less

Sherritt Reminds Noteholders of Upcoming Initial Expiration Date in Connection with Its Previously Announced Offers to Purchase Notes

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Sherritt International Corporation (" Sherritt " or the " Corporation ") (TSX:S) reminds holders (the " Noteholders ") of the Corporation's outstanding (i) 8.50% senior second lien secured notes due 2026 (the " Secured Notes ") and (ii) 10.75% unsecured PIK option notes due 2029 (the " Junior Notes ", and collectively with the Secured Notes, the " Notes ") of the initial expiration date of June 1, 2022 (the " Initial Expiration Date ") for the Corporation's previously announced modified Dutch auction in respect of the Secured Notes (the " Secured Notes Dutch Auction ") and fixed price tender offer in respect of the Junior Notes (the " Junior Notes Fixed Price Tender Offer " and, together with the Secured Notes Dutch Auction, the " Offers " or the " Transaction ") for aggregate cash consideration of up to $50 million (the " Maximum Consideration Amount "), exclusive of accrued and unpaid interest on the purchased Secured Notes. The Initial Expiration Date and additional related information with respect to the Offers was previously announced by the Corporation in its news release issued on May 11, 2022 (the " May 11 News Release ").

Keep reading... Show less
electric vehicle charging

Electric Vehicles Overtake Phones as Top Cobalt Demand Driver

Cobalt demand grew an unprecedented 22 percent last year, with electric vehicles (EVs) overtaking other battery applications for the first time to become the top end-use segment.

Demand rose by 32,000 tonnes in 2021 alone, with EVs accounting for 59,000 tonnes, or 34 percent of demand, according to a report released by the Cobalt Institute.

“As EVs continue to revolutionize green and sustainable mobility, cobalt-containing batteries are a technology of choice for many car manufacturers in Europe, North America and China,” President Adam McCarthy said.

Keep reading... Show less

Upper Salmon projects with Idaho Conservation League advanced

(TheNewswire)

Jervois Global Limited

May 17, 2022 TheNewswire - Jervois Global Limited (" Jervois " or the " Company ") (ASX:JRV) (TSXV:JRV) (OTC:JRVMF) is pleased to announce US$150,000 funding for three restoration projects through a partnership between 100% owned United States subsidiary Jervois Mining USA Limited and Idaho Conservation League (" ICL "), which is now in its second year.

Keep reading... Show less

Cobalt Uses: Batteries and More

Cobalt, whose name is derived from a German word meaning “evil spirits,” has been valued by humans since the Egyptians used it as a coloring agent.

Today, this critical metal is considered an essential element. Cobalt is best known as a raw material in lithium-ion batteries, but its high melting point and ability to maintain strength even at raised temperatures make it useful in cutting tools, superalloys, surface coatings, high-speed steels and many other materials.

Below is an overview of those and other cobalt uses that investors should know about.

Keep reading... Show less
Fortune Minerals Engages Haywood as Financial Advisor

Fortune Minerals Engages Haywood as Financial Advisor

Haywood engaged to assist Fortune in raising the funds needed to advance the NICO Critical Minerals Project through to a construction decision

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Keep reading... Show less

Latest Press Releases

Related News

×