Electra strengthens its management team with the appointment of a 20-year-old investor relations professional
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 capital markets veteran, as Vice President, Investor Relations. Mr. Racanelli will oversee Electra’s engagement with shareholders and the investment community, helping to raise the profile and visibility of the company’s vision to become North America first fully integrated battery material park for the electric vehicle industry. Working closely with the CEO of Electra, Thirty MellMr. Racanelli will communicate Electra’s investor proposition and create value for shareholders.
“Joe brings extensive experience with both sell-side and buy-side equity analysts, deep knowledge of financial markets and a strong network of mining relationships,” said Thirty MellCEO of Electra Battery Materials Corp. “His strategic communication and analytical skills will be a great asset as we strengthen and build awareness of the Electra brand with our large and diverse community of stakeholders.”
Prior to his appointment, Mr. Racanelli held the position of Director of Investor Relations with a major multinational leader in the extraction and refining of nickel and cobalt from laterite ores.
Mr. Racanelli has over 20 years of experience in investor relations, marketing and corporate communications. Previously, he led the Resources, Commodities and Industries practice of from Canada the largest capital markets advisory firm, providing strategic capital markets advice to senior management of various small and mid capitalization companies. Over the years, Mr. Racanelli has led communications efforts for complex financial transactions, helped five companies go public, scheduled more than 500 road meetings, and built strong relationships with buy-side and sell-side contacts around the world. entire. He is a frequent speaker on IR issues and topics.
“Electra is at an important inflection point and I am delighted to join the company at this stage of its growth,” Mr. Racanelli said. “With a number of milestones and catalysts ahead, Electra is well on its way to executing its strategic plan to become the world’s most sustainable battery materials company.
Pursuant to the Company’s long-term incentive plan, Electra granted incentive stock options to purchase an aggregate of 350,000 pre-consolidation common shares of Electra exercisable at the closing price on the day before $4.63 for a period of five years. The stock options will vest in three equal installments on the first, second and third anniversaries of the grant date. Long-term incentive awards are a key retention and incentive tool for key employees and new employees and remain subject to TSX Venture Exchange approval.
The Company also issued 39,500 Restricted Share Units (RSUs) to the Owner’s Team exercisable at the closing price the day before $4.63 as part of a retention plan that will lead the project to commissioning. RSUs vest August 1 2022 and January 1st 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 material park in North America, supplying refined cobalt, nickel and recycled battery materials to North American battery precursor manufacturers. Electra also owns the advanced-stage Iron Creek cobalt-copper project in Idaho, United States.
On behalf of Electra Battery Materials Corporation
Chief executive officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution 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 laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact are forward-looking statements. Generally, forward-looking statements can be identified by the use of terms such as “plans”, “expects”, “estimates”, “intends”, “anticipates”, “believes” or variations thereof. of such words, or statements that certain actions, events, or results “could”, “could”, “would”, “could”, “occur”, or “would 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 MD&A and other risk factor information 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 forward-looking statements are reasonable, undue reliance should not be placed on such statements, which speak only as of the date of this press release. , and no assurance can be given that such events will occur within the time frames disclosed or at all. Except as required by applicable law, Electra Battery Materials Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Electra Battery Materials Corporation