Electra Names New CFO
June 09 2023 - 5:30PM
Business Wire
Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V:
ELBM) (“Electra” or the “Company”) today announced that Craig
Cunningham has resigned from his position as Chief Financial
Officer. Mr. Cunningham will provide a smooth transition through
his resignation date, June 30, 2023. Peter Park, a senior finance
professional with more than 20 years of experience and a current
member of Electra’s finance team, will assume the responsibilities
of Chief Financial Officer effective July 1, 2023.
“On behalf of Electra’s Board and senior leadership team, I want
to thank Craig for his hard work and many contributions,” said
Trent Mell, Electra’s CEO. “Craig played an important role in
bringing financial oversight and controls to our growing Company
and was a key contributor to our strategy. We wish him all of the
best in his future endeavors.”
Peter Park has more than 20 years of progressive experience
across a number of senior finance and accounting roles, bringing
extensive experience leading high growth organizations to scale
their finance operations, running finance teams through strategic
processes, and integrating newly acquired companies. Mr. Park
joined Electra in February 2023 and has worked closely with Mr.
Cunningham through the Company’s 2022 year-end and first-quarter
2023 reporting activities. Mr. Park holds a Bachelor of Commerce
degree from the University of Toronto and is a designated Chartered
Professional Accountant and Chartered Accountant in the province of
Ontario and Certified Public Accountant in the state of
Illinois.
Mr. Mell added, “Peter has hit the ground running since joining
Electra and has already become an important member of the
leadership team. We look forward to his many contributions
ahead.”
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.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Cautionary Note Regarding Forward-Looking Statements This
news 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 facts, are
forward-looking statements. Generally, forward-looking statements
can be identified by the use of terminology such as “plans”,
“expects”, “estimates”, “intends”, “anticipates”, “believes” or
variations of such words, or statements that certain actions,
events or results “may”, “could”, “would”, “might”, “occur” or “be
achieved”. Such forward-looking statements include, without
limitation, statements regarding the potential for additional
funding from the Federal government of Canada and the government of
Ontario and the quantum and terms thereof, adjustments of interest
rates on the occurrence of certain events which may impact the
attributes of the notes and warrants issued under the Note
Offering, including but not limited to a “green bond” designation,
and the effective conversion rate of the Notes and Warrants, which
is subject to adjustment in certain circumstances, the listing of
the Common Shares underlying the notes and the warrants issued
under the Note Offering on TSXV and NASDAQ, and the expected use of
proceeds of the Offering. Forward-looking statements are based on
certain assumptions, and 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. Among the bases for assumptions with
respect to the potential for additional government funding are
discussions and indications of support from government actors based
on certain milestones being achieved. Factors that could cause
actual results to differ materially from these forward-looking
statements are set forth in the management discussion and analysis
and other disclosures of risk factors for Electra Battery Materials
Corporation, filed on SEDAR at www.sedar.com and with on EDGAR at
www.sec.gov. Other factors that could lead actual results to differ
materially include changes with respect to government or investor
expectations or actions as compared to communicated intentions, and
general macroeconomic and other trends that can affect levels of
government or private investment. Although the Company believes
that the information and assumptions used in preparing the
forward-looking statements are reasonable, undue reliance should
not be placed on these statements, which only apply as of the date
of this news release, and no assurance can be given that such
events will occur in the disclosed times frames or at all. Except
where required by applicable law, the Company disclaims any
intention or obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20230609005431/en/
Joe Racanelli Vice President, Investor Relations
info@ElectraBMC.com 1.416.900.3891
Electra Battery Materials (NASDAQ:ELBM)
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