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Jul 30, 2023

Electra Battery Materials Makes First Customer Shipment of Recycled Nickel

Electra Battery Materials makes first customer shipment of recycled nickel-cobalt produced at its refinery complex. Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the

Electra Battery Materials makes first customer shipment of recycled nickel-cobalt produced at its refinery complex.

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) announced the first customer shipment of nickel-cobalt produced at its refinery complex north of Toronto from recycled battery material.

Using Electra’s proprietary hydrometallurgical process, the nickel-cobalt mixed hydroxide precipitate product (“MHP”) was produced in the Company’s black mass recycling trial currently underway at its permitted, low-carbon hydrometallurgical refinery.

Trent Mell, CEO of Electra, said:

The first customer delivery of product from our refinery marks another important milestone on the path to commercializing our black mass refining capabilities.

“Since the trial’s launch late in 2022, we have proven that our proprietary hydrometallurgical process works successfully, produces high-quality products, including lithium carbonate and nickel-cobalt MHP, and supports compelling economics.”

Black mass is the industry term used to describe the material remaining once expired lithium-ion batteries are shredded and all casings removed. Black mass contains high-value elements, including nickel, cobalt, lithium, manganese and graphite, that once recovered, can be recycled to new produce new lithium-ion batteries.

Electra launched its black mass trial at the end of December 2022, with the goal of validating its hydrometallurgical process in a plant-scale setting and testing its refinery equipment.

Electra’s achievements since the start of its black mass trial include:

About Electra Battery Materials

Electra is a processor of low-carbon, ethically-sourced battery materials. Currently focused on developing North America’s only cobalt sulfate refinery and operating a black mass demonstration plant, Electra is executing a multipronged strategy focused on onshoring the electric vehicle supply chain.

Keys to its strategy are integrating black mass recycling and nickel sulfate production at Electra’s cobalt refinery located north of Toronto, advancing Iron Creek, its cobalt-copper exploration-stage project in the Idaho Cobalt Belt, and expanding cobalt sulfate processing into Bécancour, Quebec. For more information visit www.ElectraBMC.com.

Electra Makes First Customer Shipment of Recycled Nickel-Cobalt Produced at its Refinery Complex, Toronto, July 17, 2023