Electra Battery Materials is a battery materials company focused on assets in Canada and the United States. It operates a fully permitted hydrometallurgical facility capable of supplying cobalt sulfate to the electric vehicle market. Phase 1 involves commissioning the cobalt sulfate plant in Q4 2022 using third-party cobalt hydroxide feed. Phase 2 will focus on lithium-ion battery recycling using the existing asset to process black mass into saleable products like graphite, copper, nickel, cobalt, and lithium. The company is also developing a cobalt resource in Idaho and plans future phases involving battery-grade nickel sulfate and battery precursor manufacturing.
2. TSX.V: ELBM | OTCQX: ELBMF
All statements in this presentation other than statements of historical fact constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, and “forward-
looking information” under similar Canadian legislation and are based on the reasonable expectations, estimates and projections of Electra Battery Materials Corporation as of the date of this presentation. Forward-looking
statements and forward-looking information include, without limitation, possible events, trends and opportunities and statements, including with respect to the state of the cobalt market, global market conditions, the
proposed development of the Electra Battery Materials Park, the processing of raw material feedstocks, the ability to secure financing, results of exploration activities, potential acquisitions, capital expenditures, successful
development of assets, currency fluctuations, government policy and regulation and environmental regulation. In particular, forward-looking information included in this presentation includes, without limitation, the
opportunity to restart the Electra refinery and targeted metrics. Generally, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”
or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, or variations of such words or state that certain actions, events or results “may”, “could”, “would”, “might”
or “will be taken”, “occur” or “be achieved”. Forward-looking statements and forward-looking information are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the
Company as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ
materially from those projected in the forward-looking statements and forward-looking information. Such factors include changes in supply and demand for cobalt ,nickel and other battery raw materials, the results of
metallurgical and engineering studies, changes in competitive pressures, timing and amount of capital expenditures, changes in capital markets, changes in exchange rates, unexpected geological or environmental
conditions, changes in and the effects of, government legislation, taxation and regulations and political or economic developments, success in attracting officers for the future success of the Company’s business, success
in obtaining any required additional financing to advance strategic priorities, and risks associated with obtaining necessary licenses or permits.
Many of these uncertainties and contingencies can affect the Company’s actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements and forward-
looking information made by, or on behalf of, the Company. There can be no assurance that forward-looking statements and forward-looking information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. All of the forward-looking statements and forward-looking information made in this presentation are qualified by these cautionary statements. Although
management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may
be other factors that cause results not to be as anticipated. There can be no assurance that such statements will prove to be accurate, as actual results could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake to update any forward-looking statements or forward-looking
information that are incorporated by reference herein, except in accordance with applicable securities laws.
Timelines used in this presentation are for the purpose of aiding management in the planning and implementation of the projects and are not based on a detailed assessment of project requirements. Consequently, the
timelines are subject to material revision as subsequent technical reports and assessments are completed. Future phases of the project are contingent upon completion of preceding phases. Nothing in this presentation
should be construed as either an offer to sell or a solicitation of an offer to buy or sell shares in any jurisdiction.
Mark Trevisiol, P.Eng. and Dan Pace, P.Geo are Qualified Persons as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Project (“NI 43-101”) and both are employed by Electra. They have reviewed
and approved the technical content in this presentation.
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3. TSX.V: ELBM | OTCQX: ELBMF 3
Cathode materials require extremely
high purity levels – it all starts here
Source: Electra Battery Materials
– Public Company with Battery Material focus
– Assets in Canada and United States
Fully Permitted Hydrometallurgical facility
with a 10-year operating history
Only facility of its kind in North America,
capable of supplying the electric vehicle
market with Cobalt Sulphate, Commissioning
in 2022
51% lower GHGs than Chinese peers, in part
owing to hydroelectric power grid
Growing a Cobalt resource in Idaho
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4. TSX.V: ELBM | OTCQX: ELBMF 4
North America’s
integrated, sustainable
battery materials solution
Electra Battery Materials - What we are doing
Phase 1
Commission battery grade cobalt sulfate plant (Q4)
– Third-party cobalt hydroxide feed
– Iron Creek primary cobalt extraction
Phase 2 Lithium-ion battery recycling
Phase 3
Battery grade nickel sulfate production
– Third-party North American nickel raw material feed
Phase 4 Battery precursor manufacturing
2023-26
National or international expansion
Iron Creek cobalt-copper project development
Products Cobalt, Nickel, Lithium, Copper, Graphite, Precursors
5. TSX.V: ELBM | OTCQX: ELBMF 5
Electra Battery Materials - What we are doing
Phase 1 Commission battery grade cobalt sulfate plant (Q4)
Solvent Extraction Facility
6. Hydroxide Feed
de-lumping
Hydroxide Feed
milling & pulping
Hydroxide Feed
Slurry Storage Tanks,
water addition
Impurity SX
Hydroxide Feed
Leaching
Hydroxide Feed
Bag Breaking
Water Water Water H2SO4
Cobalt SX
Cobalt Sulphate
Crystallization
Soln to Solvent
Extraction (SX)
Neutralization
S/L Separation
Product Load
Out
Raffinate
COBALT HYDROXIDE TO COBALT SULPHATE PROCESSING
7. TSX.V: ELBM | OTCQX: ELBMF 7
Electra Battery Materials - What we are doing
Phase 2 Lithium-ion battery recycling
Filter Presses
Leach Vessels
Inside Leach Vessel
Utilize Existing Asset for Black Mass Processing
9. TSX.V: ELBM | OTCQX: ELBMF 9
North America’s
integrated, sustainable
battery materials solution
Electra Battery Materials
Step 1
Will it make money? Understand the market and your customers,
where will you sell.
Step 2
Feedstocks – highly variable - so need a “nimble” and “robust”
process, blending will help limit variability
Step 3
Develop testing program – very iterative to get optimized, be prepared
for some challenges
Having bench scale testing at plant for new feedstocks is a necessity
Step 4 Bench test process on various feeds, prove out capability of process
Products Cobalt, Nickel, Lithium, Copper, Graphite
10. Leaching
S/L separation
(filter press)
Residue (filter
press) to
tailings
Impurity1 removal
mix tank
Final Solution
Impurity 2
Removal +
Product (mix
tank)
Black Mass
20% solids
Reagent
Reagents
Mix Tank
Reagents
Reagent
Saleable products = Graphite, Copper, Nickel, Cobalt & Lithium
Black Mass Process Flow Diagram
11. TSX.V: ELBM | OTCQX: ELBMF 11
North America’s
integrated, sustainable
battery materials solution
Electra Battery Materials
People - need the technical competence to guide the
development
Research – many of these individual chemical processing
steps have been used before
Strategic use of reagents is PARAMOUNT
Patience – development takes time, set backs will happen
Market Intelligence – allowed us in mid stream to eliminate
processing steps , save time and money
12. TSX.V: ELBM | OTCQX: ELBMF 12
North America’s
integrated, sustainable
battery materials solution
Electra Battery Materials
Spending about $1.5 M to modify existing plant for plant
scale production demonstration
Process flow diagrams completed , finalizing P&ID’s
Training modules being established for operators
Targeting mid summer demonstration
Once demonstrated move to securing black mass feed
and stabilizing production - Initial capacity of 3500 tpy,
move to +5000 tpy