Cobalt

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%."

"At a time of heightened geopolitical risk, America has commited to securing a domestic supply of critical minerals for the green energy transition," said Trent Mell , CEO. " Idaho is arguably the most prospective location in the world to identify new primary sources of cobalt outside the DRC. Electra's ultra low carbon refinery in Canada will create the first domestic supply of battery grade cobalt for EVs later this year and Idaho can become an important part of a continental EV supply chain strategy that is both in the United States' national interest and good for the environment."

Electra's Iron Creek Project is located in the Idaho Cobalt Belt and is one of the few primary cobalt deposits in the world. The Company completed 30,000 metres of drilling from 2017 to 2019 before pausing exploration to focus on developing its battery materials park in Canada , which will be commissioned in phases starting in Q4 2022.

Iron Creek is considered to be amenable to underground mining extraction, which would result in a small footprint and minimize environmental impact. Drilling has demonstrated multiple mineralized horizons continuous along strike and down-dip. Thicker zones of mineralization of up to 30 metres occur in the eastern portions of the resource that also contain higher grades of cobalt (Figure 1).

Iron Creek currently has an NI 43-101 compliant Mineral Resource Estimate, outlining an Indicated Resource of 2.2 million tonnes at 0.32% cobalt equivalent (0.26% cobalt and 0.61% copper) for 12.3 million pounds of contained cobalt and Inferred Resource of 2.7 million tonnes at 0.28% cobalt equivalent (0.22% cobalt and 0.68% copper) for an additional 12.7 million pounds of contained cobalt. There is potential to extend mineralization in all directions with ongoing drilling. A copy of the technical report is available on the Company's website at electrabmc.com/our-business/iron-creek.

Figure 1. Long section of the Iron Creek Deposit showing 2021 drill holes. Inclined section cut at 340 degrees azimuth dipping 70 degrees to the northeast with a 125m cutting thickness. (CNW Group/Electra Battery Materials Corporation)

In 2021, exploration successfully extended the known mineralization along strike to the east and west as well as at depth (Figure 2).  Mineralization remains open in both directions and additional infill drilling could target structural traps within the mineralized stratigraphy where thicker zones of cobalt mineralization may be present.  Electra will explore these targets, as well as other mineralized areas within its large and highly prospective land position.

2022 Work Plan

In 2022, Electra plans to advance the Iron Creek project with additional exploration drilling.  Phase 1 will  target the eastern extensions to the resource area between the resource boundary and these latest intercepts.  Drillholes will explore for thicker zones of high grade cobalt mineralization similar to previous drill intercepts from underground adit #1, which included 25.7 metres of 0.35% Co in hole ICS18-03 (see October 24, 2018 press release).

The second phase of drilling will target the Ruby Zone located 1.5 km southeast of the known resource area at Iron Creek.  Cobalt and copper mineralization is exposed over a 315-metre strike length, making Ruby a very prospective target. Previous chip channel sampling  returned multiple mineralized intervals, including 10.7m of 0.24% Co (including 1.5m of 0.48% Co) and 7.6m of 0.26% Co in a similar setting to Iron Creek (see October 30, 2019 press release). Drilling will target the down dip extension of the surface mineralization from three drill platforms.

Figure 2. Plan map showing drillholes reported in this press release relative to historic drilling and resource boundary. (CNW Group/Electra Battery Materials Corporation)

Electra's Idaho Property

The Iron Creek Project is located within Electra's Idaho property, which consists of mining patents and exploration claims over an area of 2,300 hectares covering the strike extent of strata hosting mineralization. Historic underground development at Iron Creek includes 600 metres of drifting from three adits. An all-weather road connects the property to a state highway and nearby towns, Challis and Salmon.

Iron Creek is one of several cobalt-copper resources and prospects within the Idaho Cobalt Belt, a prospective mineralized system that contains the largest primary resources of cobalt in the United States , according to the U.S. Geological Survey. Mineralization-style throughout the Belt is considered to be stratabound meta-sedimentary rock hosted. Within Electra's own property boundaries, numerous satellite targets have been identified.

Table 1. Assay Results

Hole ID

From
(m)

To
(m)

Drilled Length
(m)

True Width
(m)

Cobalt %

Copper %

CoEq %

IC21-04

79.4

82.7

3.3

2.48

0.18

0.21

0.21

IC21-05

417.9

419.4

1.5

0.64

0.31

-

0.31

IC21-05

440.1

442.3

2.2

0.92

0.21

-

0.21

IC21-05

450.6

453.8

3.2

1.37

0.40

-

0.40

IC21-05A

388.8

393.8

5.0

2.41

0.20

-

0.20

IC21-05A

417.5

419.8

2.3

1.14

0.25

-

0.25

True width estimated from the surveyed drillholes intercept angle with the azimuth and inclination of
the grade shell in the 2019 resource model. Cobalt equivalent is calculated as %CoEq = %Co + (%Cu/8).
Co intercepts are calculated using a minimum 1 m drilled length at 0.18% CoEq cutoff.

Quality Assurance and Quality Control

Blanks, duplicates, and standards were inserted into the sample chain at the core processing site as part of the QA/QC program. All samples were submitted to ALS laboratories in Twin Falls, Idaho by Company staff. Drill core samples are dried, weighed, crushed to 70% passing -2mm, split to 250g pulps crushed to 85% passing minus 75 microns. Samples were dissolved with a sodium peroxide fusion with gravimetric dilution in glassless labware and analyzed using super trace methods via ICP-MS and ICP-AES.  Samples over 2% Copper were analyzed with a HF-HNO3-HClO4 digest and analyzed with ICP-AES.

Qualified Person Statement

Dan Pace is a Registered Member of the Society for Mining, Metallurgy & Exploration and is the Qualified Person as defined by National Instrument 43-101 who has reviewed and approved the contents of this news release. Mr. Pace is employed as Principal Geologist for Electra Battery Materials Corporation.

Electra's core strategy is to produce low carbon, ethically sourced battery materials for the North American electric vehicle supply chain. The Company 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

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 Estimates of Resources

Readers are cautioned that mineral resources are not economic mineral reserves and that the economic viability of resources that are not mineral reserves has not been demonstrated. The estimate of mineral resources may be materially affected by geology, environmental, permitting, legal, title, socio-political, marketing or other relevant issues. The mineral resource estimate is classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum's "2014 CIM Definition Standards on Mineral Resources and Mineral Reserves" incorporated by reference into NI 43-101. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies or economic studies except for Preliminary Economic Assessment as defined under NI 43-101. Readers are cautioned not to assume that further work on the stated resources will lead to mineral reserves that can be mined economically. An Inferred Mineral Resource as defined by the CIM Standing Committee is "that part of a Mineral Resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration."

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.

Electra Battery Materials logo (CNW Group/Electra Battery Materials Corporation)

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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".

Visit www.ElectraBMC.com (CNW Group/Electra Battery Materials Corporation)

"Listing on the Nasdaq is a significant milestone for Electra and a natural next step in the evolution of the Company," said Mr. Trent Mell , CEO. "With the heightened interest in electric vehicles, decarbonization, critical minerals and onshoring supply chains, we felt it was important to increase our presence in our primary market for our ultra low carbon battery materials. We are pleased to offer our shareholders the ability to trade on a major U.S. exchange and the expected increase in liquidity will support our Company well over the long-term. We look forward to introducing Electra to a new and larger investor base.

"Phase 1 of Electra's Battery Materials Park involves the commissioning of North America's first battery grade cobalt refinery in December of this year. Funding was secured in 2021 to take the hydrometallurgical refinery through construction and into commissioning."

Concurrent with the commencement of trading on Nasdaq, Electra's common shares will cease trading on the OTC Markets. Shareholders are not required to take any action. Electra recommends that investors who bought shares on the OTC Markets monitor their brokerage accounts to ensure their holdings are updated to correctly reflect the new ticker symbol.

Electra to Ring Nasdaq Closing Bell

Management will participate in a closing bell ceremony at the Nasdaq Stock Market on Wednesday, April 27, 2022 from 3:45 p.m. to 4:00 p.m. ET , in celebration of its listing. Trent Mell , CEO, will ring the Closing Bell alongside members of Electra's team.

The bell ringing event can be viewed on Nasdaq.com live stream at: https://livestream.com/accounts/27896496/events/10228408

Electra's core strategy is to produce low carbon, ethically sourced battery materials for the North American electric vehicle supply chain. The Company 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.

The first phase of this strategy is to expand and bring into production the Company's ultra low carbon hydrometallurgical refinery in Ontario, Canada . Construction of Phase 1 remains on schedule to commence commissioning of the expanded refinery in December 2022 and initially ramp-up to 5,000 tonnes of contained cobalt production per year, with steady state production achieved by mid-2023. Subject to future permits and market conditions, the Company plans to increase production capacity to a 6,500 tonne per annum run rate by mid-2024.

Prior to commissioning its cobalt sulfate refinery, Electra intends to complete a bulk sample processing of lithium-ion battery material known as "black mass" in Q3, leveraging existing refinery infrastructure. The objective is to demonstrate the effectiveness of its process flowsheet to recover the majority of lithium, nickel, cobalt, copper and graphite content from lithium batteries prior to construction of its commercial plant, which is targeted for 2023.

A study is underway in partnership with the Government of Canada , the Government of Ontario , Glencore plc and Talon Metals on engineering, permitting, socio-economic and cost studies associated with the construction of a nickel sulfate plant as well as a battery precursor cathode active materials (PCAM) plant adjacent to Electra's cobalt refinery and recycling plant.

Electra also owns the advanced exploration-stage Iron Creek cobalt-copper project in Idaho, USA . Electra is positioning itself to be an integral part of the North American battery supply chain by providing low carbon, sustainable and traceable raw materials for the region's fast growing electric vehicle industry.

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 press release may contain forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities. 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. Forward looking statements in this press release include statements about the timing of trading on Nasdaq, trading liquidity, and investment base characteristics. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, the timing of commencement of trading of Electra's common shares on Nasdaq being delayed and the other risks described under the headings "Financial Risk Factors" and "Business Risks and Uncertainties" in Electra's MD&A for the year ended December 31, 2021 and under the heading "Risk Factors" in Electra's Annual Information Form for the year ended December 31, 2021 . Although Electra 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 press 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 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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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.

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Electra Confirms Effective Date for Share Consolidation

Electra Confirms Effective Date for Share Consolidation

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.

Visit www.ElectraBMC.com (CNW Group/Electra Battery Materials Corporation)

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.

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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.

Visit www.ElectraBMC.com (CNW Group/Electra Battery Materials Corporation)

HIGHLIGHTS
  • Electra is committed to being the most sustainable and lowest GHG producer of battery materials in the world
  • As a key member of the senior leadership team, Ms. Cardoso will guide the development of ESG strategy
  • In her previous roles, Ms. Cardoso led cross functional teams to develop and implement a low carbon roadmap for operations across Canada , Indonesia , UK and Brazil

"We are very pleased to have attracted a global leader in sustainability to our organization," said Trent Mell , CEO. "Renata's track record in climate change management, sustainability strategy and transparency will serve Electra well as we commission our cobalt sulfate refinery in December and advance our battery recycling plant in 2023. We intend to have the lowest carbon footprint of all cobalt sulfate producers in the world, and Renata will oversee our journey to carbon neutrality and ensure that the same standards are applied to all phases of future growth."

"It is an honour to join Electra as the company executes its strategic plan to become the most sustainable battery materials company in the world," said Renata Cardoso . "The North American battery materials supply chain is quickly evolving and our leading ESG credentials will be what establishes Electra as an industry leader."

Ms. Cardoso is a seasoned professional from one of the largest mining companies in the world. An economist by training who also holds an MBA, Renata began her career in Vale's corporate strategy group. In 2008, she transitioned to help create Vale's approach for Sustainability with responsibilities for climate change management, sustainability strategy and transparency, and social and environmental indicators performance management. In 2019, she joined Vale Canada, last serving in low carbon initiatives, leading cross functional teams to develop and implement a low carbon roadmap for operations in Canada , Indonesia , UK and Brazil .

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 C$0.32 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.

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

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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Electra Files Year-End 2021 Financial Results

Electra Files Year-End 2021 Financial Results

Electra Battery Materials Corporation (TSXV: ELBM) (OTCQX: ELBM) ("Electra") today announced the filing of its audited financial results for the year ended December 31, 2021 .

Visit www.ElectraBMC.com (CNW Group/Electra Battery Materials Corporation)

For complete details of the consolidated financial statements and the associated management's discussion and analysis, please refer to the Company's filing on SEDAR ( www.sedar.com ) or the Company's website ( www.electrabmc.com ).

The Company continues to advance its plans to develop North America's only Battery Materials Park. In line with phase one of the Company's strategic plan, Electra remains on schedule to commission its expanded refinery in December 2022 , at which time it will become the first refiner of battery-grade cobalt sulfate in North America and the second largest outside of China .

HIGHLIGHTS

  • Cash of C$58.6 million as of December 31, 2021 .

  • Closing of an additional US$7.5 million of additional convertible notes in October 2022 on the same terms as the first tranche of convertible notes that closed on September 2, 2021 .

  • Refinery capital costs committed of C$38 million (inclusive of C$12 million spent to date), representing 46% of the total capital budget. The solvent extraction design and manufacturing contract was awarded to Metso-Outotec during the fourth quarter.

  • Receipt of final approvals for the Refinery's Air and Noise permit, Industrial Sewage Works permit, and closure plan.

The Company launched a new at-the-market equity program (the "2022 ATM Program") in January 2022 for the issuance of up to $20 million in common shares from treasury. The Company has issued a total of 2,754,300 common shares under the 2022 ATM Program at an average price of $0.2964 per share, providing gross proceeds of $816,243 .  A commission of $20,406 was paid to CIBC Capital Markets in relation to these distributions.

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

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-files-year-end-2021-financial-results-301521212.html

SOURCE Electra Battery Materials Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2022/08/c1941.html

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Ellis Martin Report: Group Ten Metals  Adds Strong New Team Members and Reports High Grade Intervals of Nickel Sulphide at Stillwater West in Montana.

Ellis Martin Report: Group Ten Metals Adds Strong New Team Members and Reports High Grade Intervals of Nickel Sulphide at Stillwater West in Montana.

Malibu, CA, United States (ABN Newswire) - In this segment of The Ellis Martin Report we speak with Michael Rowley, the President and CEO of Group Ten Metals (CVE:PGE) (OTCMKTS:PGEZF). The company is pleased to announce the addition to the team of Dr. Danie Grobler as Vice-President Exploration and Albie Brits as Senior Geologist to Advance the Stillwater West Critical Minerals Project in Montana, USA.

Additionally, Group Ten is reporting 13.2 Meters of 3.33% Nickel Equivalent within 401 meters of continuous mineralization from resource expansion drilling at the Stillwater West Critical Minerals Project in Montana.

To listen to the Interview, please visit:
https://www.abnnewswire.net/press/en/110370/pge



About Group Ten Metals Inc.:

Group Ten Metals (CVE:PGE) (OTCMKTS:PGEZF) is a Canadian mineral resource exploration company focused on the advancement of our flagship Stillwater West PGE-Ni-Cu project adjacent to the high-grade Stillwater mines in Montana, USA.



Source:
Group Ten Metals Inc.

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Sherritt Announces Modified Dutch Auction to Purchase Secured Notes and Fixed Price Tender Offer to Purchase Junior Notes for Aggregate $50 Million

Not for Distribution to United States Newswire Services or for Dissemination in the United States

Sherritt International Corporation (" Sherritt " or the " Corporation ") (TSX:S), a world leader in the mining and hydrometallurgical refining of nickel and cobalt from lateritic ores, announced today the commencement of offers to purchase (i) its outstanding 8.50% senior second lien secured notes due 2026 (the " Secured Notes ") pursuant to a modified Dutch auction process (the " Secured Notes Dutch Auction ") and (ii) its outstanding 10.75% unsecured PIK option notes due 2029 (the " Junior Notes ", and collectively with the Secured Notes, the " Notes ") pursuant to a fixed price tender offer process (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.

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Higher Nickel and Cobalt Prices Drive Sherritt's Strong First Quarter Results

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Sherritt International Corporation ("Sherritt", the "Corporation", the "Company") (TSX: S), a world leader in the mining and hydrometallurgical refining of nickel and cobalt from lateritic ores, today reported its financial results for the three months ended March 31, 2022. All amounts are in Canadian currency unless otherwise noted.

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Canada Silver Cobalt Begins Exploration at its Eby-Otto Gold Property Near Kirkland Lake

Canada Silver Cobalt Begins Exploration at its Eby-Otto Gold Property Near Kirkland Lake

(TheNewswire)

Canada Silver Cobalt Works Inc.

The Eby-Otto property is located in a prime geological setting with mineralized veins identified at surface, and is proximal to both the Cadillac-Larder Lake Break and an existing high-grade gold mine.

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IIROC Trading Halt - BMR

IIROC Trading Halt - BMR

The following issues have been halted by IIROC:

Company: Battery Mineral Resources Corp.

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Amendment of Option Exercise Price

(TheNewswire)

Jervois Global Limited

9 May 2022 TheNewswire (Australia) Jervois Global Limited (" Jervois " or the " Company ") (ASX:JRV) (TSXV:JRV) (OTC:JRVMF) advises that as set out the explanatory statement to the Notice of Meeting sent to shareholders in relation to the Annual General Meeting (" AGM "), and in compliance with the relevant provisions of the Listing Rules of the Australian Stock Exchange (" ASX ") to ensure fair and equitable treatment to option holders in the event of Rights Issues, the formula and methodology of outstanding options have been adjusted as per below.

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