TORONTO, June 8, 2022 /PRNewswire/ – Electra Battery Products Corporation (NASDAQ: ELBM) (TSXV: ELBM) (“Electra”) right now announced the appointment of Craig Cunningham, a finance govt with 17 a long time of expertise as Main Financial Officer effective right now.
“Craig is a welcome addition to the Electra senior management staff, bringing government level leadership and far more than 17 decades of accounting, finance, operational, and funds marketplaces working experience,” claimed Trent Mell, CEO of Electra Battery Products. “We search ahead to his a lot of contributions as we execute on our strategy of turning into North America’s 1st integrated battery products park.”
Prior to joining Electra, Mr. Cunningham was Vice President and Regional Money Officer at Kinross Gold exactly where he oversaw finance, facts engineering, source chain and logistics, and administration capabilities in Russia. Mr. Cunningham was accountable for accounting, budgeting, and procurement for vital improvement assignments as perfectly as the integration of important acquisitions. Mr. Cunningham held a series of progressively liable roles though at Kinross beginning in 2010, such as responsibility for initiatives created to enhance operational overall performance, increase cash circulation, and enhance functioning cash. Previously, Mr. Cunningham served in controller, possibility administration, and audit roles at Kik Tailor made Goods, Loblaw Companies, and PricewaterhouseCoopers.
“The adoption of electric vehicles will have a profound impression in tackling weather change and reducing carbon emissions globally,” stated Mr. Cunningham. “I am energized to be joining Electra, a business at the forefront of establishing a safe and minimal-carbon supply chain of battery components for the EV market in North The usa, and where I can best use my strategic, entrepreneurial, and small business abilities and knowledge.”
Mr. Cunningham is a Chartered Experienced Accountant and a graduate of the Ivey Enterprise Faculty, Western University (Executive Learn of Business Administration) and the Goodman College of Enterprise, Brock College (Bachelor of Accounting, Honours).
In accordance with the Firm’s very long term incentive approach, Electra has granted Mr. Cunningham incentive stock options to order an combination of 40,000 prevalent shares of Electra exercisable at the former day’s closing price of $4.90 for a period of time of 5 a long time. The stock possibilities will vest in a few equal tranches on the first, next and third anniversary of the grant date. Extended-time period incentive grants are a crucial retention and incentive resource for critical staff members and new hires and keep on being issue to the approval of the TSX Enterprise Trade.
About Electra Battery Components
Electra’s core approach is to develop low carbon, ethically sourced battery supplies for the North American electric auto offer chain. Electra is specifically targeted on creating the 1st built-in battery elements park in North America, supplying refined cobalt, nickel and recycled battery resources to North American battery precursor makers. Electra also owns the state-of-the-art exploration-phase Iron Creek cobalt-copper project in Idaho, United states.
On behalf of Electra Battery Resources Company
Joe Racanelli
Vice President, Trader Relations
Neither TSX Undertaking Exchange nor its Regulation Products and services Supplier (as that time period is described in guidelines of the TSX Undertaking Exchange) accepts obligation for the adequacy or precision of this release.
Cautionary Note Regarding Forward-Wanting Statements
This information launch may possibly comprise forward-hunting statements and forward-on the lookout details (alongside one another, “ahead-wanting statements”) in just the this means of relevant securities guidelines and the United States Personal Securities Litigation Reform Act of 1995. All statements, other than statements of historic specifics, are ahead-seeking statements. Usually, ahead-wanting statements can be discovered by the use of terminology these kinds of as “ideas”, “expects’, “estimates”, “intends”, “anticipates”, “believes” or variations of these kinds of phrases, or statements that sure actions, activities or effects “may”, “could”, “would”, “could”, “occur” or “be obtained”. Ahead-searching statements contain dangers, uncertainties and other things that could result in real success, performance, and options to vary materially from all those implied by these kinds of ahead-on the lookout statements. Variables that could trigger true benefits to vary materially from these ahead-seeking statements are established forth in the management discussion and evaluation and other disclosures of risk things for Electra Battery Components Corporation, filed on SEDAR at www.sedar.com. Although Electra Battery Elements Corporation believes that the data and assumptions applied in planning the ahead-searching statements are realistic, undue reliance should really not be put on these statements, which only apply as of the date of this news launch, and no assurance can be offered that such situations will take place in the disclosed periods frames or at all. Besides the place needed by applicable legislation, Electra Battery Components Corporation disclaims any intention or obligation to update or revise any forward-wanting statement, no matter if as a final result of new info, long term activities or usually.
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Resource Electra Battery Resources Corporation
