Electra Appoints Experienced Finance Executive as CFO
TORONTO, June 8, 2022 /PRNewswire/ – Electra Battery Supplies Corporation (NASDAQ: ELBM) (TSXV: ELBM) (“Electra”) today announced the appointment of Craig Cunningham, a finance govt with 17 a long time of experience as Main Money Officer helpful currently.
“Craig is a welcome addition to the Electra senior leadership workforce, bringing government stage leadership and far more than 17 years of accounting, finance, operational, and funds marketplaces practical experience,” claimed Trent Mell, CEO of Electra Battery Components. “We glimpse ahead to his several contributions as we execute on our technique of getting to be North America’s initial built-in battery products park.”
Prior to signing up for Electra, Mr. Cunningham was Vice President and Regional Money Officer at Kinross Gold where by he oversaw finance, info technological innovation, supply chain and logistics, and administration capabilities in Russia. Mr. Cunningham was liable for accounting, budgeting, and procurement for important growth initiatives as nicely as the integration of substantial acquisitions. Mr. Cunningham held a sequence of progressively liable roles though at Kinross commencing in 2010, together with duty for jobs created to boost operational performance, increase funds stream, and improve performing funds. Previously, Mr. Cunningham served in controller, hazard management, and audit roles at Kik Custom made Solutions, Loblaw Businesses, and PricewaterhouseCoopers.
“The adoption of electrical autos will have a profound impression in tackling weather modify and decreasing carbon emissions globally,” said Mr. Cunningham. “I am energized to be becoming a member of Electra, a organization at the forefront of acquiring a protected and very low-carbon provide chain of battery materials for the EV market in North America, and the place I can ideal benefit from my strategic, entrepreneurial, and company competencies and expertise.”
Mr. Cunningham is a Chartered Expert Accountant and a graduate of the Ivey Business School, Western University (Government Grasp of Small business Administration) and the Goodman College of Small business, Brock University (Bachelor of Accounting, Honours).
In accordance with the Firm’s lengthy term incentive approach, Electra has granted Mr. Cunningham incentive stock selections to invest in an combination of 40,000 typical shares of Electra exercisable at the preceding day’s closing rate of $4.90 for a interval of five many years. The inventory possibilities will vest in three equivalent tranches on the 1st, second and third anniversary of the grant date. Long-term incentive grants are a critical retention and incentive software for crucial staff members and new hires and remain matter to the acceptance of the TSX Undertaking Trade.
About Electra Battery Components
Electra’s main technique is to make very low carbon, ethically sourced battery components for the North American electric automobile source chain. Electra is specifically targeted on building the to start with built-in battery resources park in North America, delivering refined cobalt, nickel and recycled battery resources to North American battery precursor makers. Electra also owns the advanced exploration-stage Iron Creek cobalt-copper venture in Idaho, United states of america.
On behalf of Electra Battery Products Corporation
Joe Racanelli
Vice President, Investor Relations
Neither TSX Undertaking Exchange nor its Regulation Products and services Service provider (as that term is outlined in procedures of the TSX Venture Exchange) accepts obligation for the adequacy or precision of this release.
Cautionary Observe Regarding Forward-On the lookout Statements
This information launch may include ahead-looking statements and forward-seeking details (with each other, “forward-on the lookout statements”) inside the this means of relevant securities legislation and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical information, are forward-seeking statements. Typically, forward-hunting statements can be determined by the use of terminology these as “options”, “expects’, “estimates”, “intends”, “anticipates”, “thinks” or versions of these types of terms, or statements that specific actions, gatherings or final results “may possibly”, “could”, “would”, “could”, “come about” or “be accomplished”. Forward-seeking statements include dangers, uncertainties and other aspects that could induce real final results, performance, and alternatives to vary materially from those people implied by these types of forward-hunting statements. Components that could lead to true success to vary materially from these ahead-looking statements are established forth in the administration dialogue and assessment and other disclosures of hazard things for Electra Battery Materials Corporation, filed on SEDAR at www.sedar.com. Despite the fact that Electra Battery Elements Company believes that the facts and assumptions utilised in getting ready the forward-seeking statements are reasonable, undue reliance should really not be positioned on these statements, which only implement as of the date of this news release, and no assurance can be supplied that such events will come about in the disclosed occasions frames or at all. Besides where by expected by relevant legislation, Electra Battery Materials Corporation disclaims any intention or obligation to update or revise any ahead-on the lookout assertion, no matter whether as a end result of new details, long run occasions or if not.
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