TORONTO, April 11,
2022 /CNW/ - Electra Battery Materials
Corporation (TSXV: ELBM) (OTCQX: ELBMF) ("Electra")
today announced the appointment of Renata Cardoso as Vice-President,
Sustainability and Low Carbon. In this capacity, Renata will have
overall responsibility for the Company's mission to exceed global
ESG norms in the industry, in line with Electra's business
objective to be the partner of choice in the EV market. Ms. Cardoso
is joining the Company after 15 years with global miner Vale. Ms.
Cardoso has extensive experience leading corporate sustainability
and climate change strategy in the international mining and
metals industry.
HIGHLIGHTS
- Electra is committed to being the most sustainable and lowest
GHG producer of battery materials in the world
- As a key member of the senior leadership team, Ms. Cardoso will
guide the development of ESG strategy
- In her previous roles, Ms. Cardoso led cross functional teams
to develop and implement a low carbon roadmap for operations across
Canada, Indonesia, UK and Brazil
"We are very pleased to have attracted a global leader in
sustainability to our organization," said Trent Mell, CEO. "Renata's track record in
climate change management, sustainability strategy and transparency
will serve Electra well as we commission our cobalt sulfate
refinery in December and advance our battery recycling plant in
2023. We intend to have the lowest carbon footprint of all cobalt
sulfate producers in the world, and Renata will oversee our journey
to carbon neutrality and ensure that the same standards are applied
to all phases of future growth."
"It is an honour to join Electra as the company executes its
strategic plan to become the most sustainable battery materials
company in the world," said Renata
Cardoso. "The North American battery materials supply chain
is quickly evolving and our leading ESG credentials will be what
establishes Electra as an industry leader."
Ms. Cardoso is a seasoned professional from one of the largest
mining companies in the world. An economist by training who also
holds an MBA, Renata began her career in Vale's corporate strategy
group. In 2008, she transitioned to help create Vale's approach for
Sustainability with responsibilities for climate change management,
sustainability strategy and transparency, and social and
environmental indicators performance management. In 2019, she
joined Vale Canada, last serving in low carbon initiatives, leading
cross functional teams to develop and implement a low carbon
roadmap for operations in Canada,
Indonesia, UK and Brazil.
Corporate Matters
In accordance with the Company's long term incentive plan,
Electra has granted incentive stock options to purchase an
aggregate of 350,000 pre-consolidation common shares of Electra
exercisable at the previous day's closing price of C$0.32 for a period of five years. The stock
options will vest in three equal tranches on the first, second and
third anniversary of the grant date. Long-term incentive grants are
a key retention and incentive tool for key employees and new hires
and remain subject to the approval of the TSX Venture Exchange.
About Electra Battery
Materials
Electra is planning to build a fully integrated, localized and
environmentally sustainable battery materials park. Leveraging the
Company's own mining assets and business partners, the Electra
Battery Materials Park is expected to host cobalt and nickel
sulfate production plants, a large-scale lithium-ion battery
recycling facility, and battery precursor materials production,
which will serve both North American and global customers. Electra
also owns the advanced exploration-stage Iron Creek cobalt-copper
project in Idaho, USA. Electra
Battery Materials is an integral part of the North American battery
supply chain, providing low-carbon, sustainable and traceable raw
materials for the region's fast growing electric vehicle
industry.
On behalf of Electra Battery Materials.
Trent Mell
Chief Executive Officer
Neither 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". Forward-looking statements 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. 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. Although Electra
Battery Materials Corporation 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, Electra Battery Materials Corporation disclaims any
intention or obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/electra-strengthens-esg-leadership-301522425.html
SOURCE Electra Battery Materials Corporation