Electra Releases Inaugural Sustainability Report, Committing to Web-Zero Greenhouse Emissions by 2050

TORONTO, January 11, 2023–(BUSINESS WIRE)–Electra Battery Supplies Company (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Firm”) right now launched its inaugural Sustainability Report outlining the Firm’s progress on environmental, social, and governance (“ESG”) issues in 2022 and commitments to sustainable, low-carbon manufacturing of battery grade supplies at its refinery complicated north of Toronto.

“2022 was marked by appreciable progress on a lot of ESG fronts,” stated Trent Mell, Electra’s CEO. “Most notably, we launched our ESG insurance policies and framework, appointed Renata Cardoso, an skilled sustainability professional, as VP of Sustainability and Low Carbon, turned members of the Accountable Minerals Initiative, and signed a advantages settlement with the Métis Nation of Ontario. Our dedication to annual sustainability reporting will maintain Electra accountable for clear disclosure of the Firm’s contribution to sustainable growth.

“We’ll construct on these milestones as we full the commissioning of our cobalt sulfate refinery and our black mass recycling trial program over the approaching months and start business manufacturing in 2023. Key to our success will probably be to leverage our low-carbon hydrometallurgical manufacturing services and set up Electra as an ESG chief throughout the electrical automobile battery provide chain in North America.”

Highlights of Electra’s ESG Progress in 2022

  • Developed an ESG Framework outlining the Firm’s priorities and commitments, together with pledging to realize net-zero greenhouse gasoline emissions by 2050.

  • Signed a advantages settlement with the Métis Nation of Ontario.

  • Launched a whistleblower channel, permitting all of Electra’s stakeholders to alert the Firm of a possible misconduct in a confidential method.

  • Adopted a zero-tolerance coverage towards human rights abuses in compliance with the Accountable Mining Initiative Requirements.

  • Achieved zero lost-time incidents on the refinery complicated in the course of the commissioning and building phases.

  • With the launch of its 2022 Sustainability Report, Electra set the inspiration for the Firm’s ESG disclosures, together with greenhouse emissions, water stewardship, variety, fairness, and inclusion, governance, and social efficiency.

“Making use of main ESG frameworks, such because the World Reporting Initiative and the Sustainability Accounting Requirements Board, Electra has constructed a strong ESG basis to drive our focus, operations, and efficiency for years to come back,” stated Renata Cardoso, Electra’s VP of Sustainability and Low Carbon. “Our outcomes so far positions us on the forefront of ESG practices throughout the EV battery business.”

Electra’s inaugural Sustainability Report might be discovered on the Firm’s web site, https://electrabmc.com/esg.

About Electra Battery Supplies
Electra is a processor of low-carbon, ethically-sourced battery supplies. At present commissioning North America’s solely cobalt sulfate refinery, Electra is executing a multipronged technique targeted on onshoring the electrical automobile provide chain. Keys to its technique are integrating black mass recycling and nickel sulfate manufacturing at Electra’s refinery positioned north of Toronto, advancing Iron Creek, its cobalt-copper exploration-stage undertaking within the Idaho Cobalt Belt, and increasing cobalt sulfate processing into Bécancour, Quebec. For extra data go to www.ElectraBMC.com.

Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.

Cautionary Be aware Concerning Ahead-Trying Statements
This information launch could include forward-looking statements and forward-looking data (collectively, “forward-looking statements”) throughout the that means of relevant securities legal guidelines and the USA Non-public Securities Litigation Reform Act of 1995. All statements, apart from statements of historic info, are forward-looking statements. Typically, forward-looking statements might be recognized by means of terminology resembling “plans”, “expects’, “estimates”, “intends”, “anticipates”, “believes” or variations of such phrases, or statements that sure actions, occasions or outcomes “could”, “may”, “would”, “may”, “happen” or “be achieved”. Ahead-looking statements contain dangers, uncertainties and different elements that might trigger precise outcomes, efficiency, and alternatives to vary materially from these implied by such forward-looking statements. Elements that might trigger precise outcomes to vary materially from these forward-looking statements are set forth within the administration dialogue and evaluation and different disclosures of threat elements for Electra Battery Supplies Company, filed on SEDAR at www.sedar.com. Though Electra Battery Supplies Company believes that the data and assumptions utilized in making ready the forward-looking statements are affordable, undue reliance shouldn’t be positioned on these statements, which solely apply as of the date of this information launch, and no assurance might be provided that such occasions will happen within the disclosed instances frames or in any respect. Besides the place required by relevant regulation, Electra Battery Supplies Company disclaims any intention or obligation to replace or revise any forward-looking assertion, whether or not on account of new data, future occasions or in any other case.

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Joe Racanelli
Vice President, Investor Relations
[email protected]

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