Mr. Trent Mell reports

ELECTRA APPOINTS INDUSTRY VETERAN TO LEAD REFINERY CONSTRUCTION PROJECT

Electra Battery Materials Corp. has appointed Michael Green as its construction director. With over 30 years of extensive experience in construction management, Mr. Green will be focused on the timely and successful completion of the final phase of construction for North America's first cobalt sulphate refinery, Electra's Ontario refinery in Temiskaming Shores.

Mr. Green joins Electra with a distinguished career that includes construction project leadership roles with large-scale infrastructure, mining and power generation projects at leading companies, such as Trans Mountain Corp., Enbridge Pipelines, K+S Potash and Suncor. Most recently, he was a construction manager for Calibre Mining's Valentine gold mine. His background encompasses a wide array of responsibilities, where he has consistently demonstrated his expertise in project execution, building capability and leadership.

"Mike's extensive experience and proven track record as a construction lead make him a valuable addition to our team as we move toward the final phase of construction at the Ontario refinery," said Trent Mell, Electra chief executive officer. "His dedication to people and safety first, along with his experience building and delivering resource projects will be instrumental in advancing the refinery to completion and commissioning, and ensuring we meet our objectives regarding construction schedule and budget management. Electra's refinery is a strategically valuable asset as the only one of its kind in North America, and we are looking forward to getting back to work on completing its construction."

"Mike has built his career managing complex construction projects," said Mark Trevisiol, Electra vice-president, project development. "We are confident that his skills and hands-on experience will lead the project team to successfully execute the remaining construction at our refinery site."

Electra's Ontario refinery is the first component of the company's larger vision to onshore the electric-vehicle supply chain in North America. The company's longer-term vision includes battery recycling and nickel production, thereby onshoring additional critical-mineral refining processes needed for the North American electric-vehicle battery supply chain.

About Electra Battery Materials Corp.

Electra is a processor of low-carbon, ethically sourced battery materials. Currently focused on developing North America's only cobalt sulphate refinery, Electra is executing a phased strategy to onshore the electric-vehicle supply chain and provide a North American solution for EV battery materials refining. In addition to building North America's only cobalt sulphate refinery, its strategy includes integrating black mass recycling, potential cobalt sulphate processing in Becancour, Que., and exploring nickel sulphate production potential within North America.

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