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Electra Battery Materials Engages Altitude Capital Consultants
TORONTO, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce
About this update from Electra Battery Materials Corp
[{"type":"text","content":" TORONTO, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce, in support of its strategic plans to build a North American battery materials supply chain, the Company has signed a strategic advisory agreement with Altitude Capital Consultants Inc. (“Altitude”), based in Toronto, Ontario and led by renowned Canadian capital markets and investment banking experts Michael Wekerle and Gene McBurney, to provide capital markets strategy and analysis of market opportunities. “We are thrilled to work alongside Michael, Gene and the team at Altitude,” said Electra CEO, Trent Mell. “With their impressive track record of success, both as advisors and investors, we are confident we will benefit from their expertise and experience as we focus on our strategic plans to build North America’s battery materials supply chain.” Michael Wekerle is thrilled to be advising Electra Battery Materials as they advance their cobalt Refinery project in Ontario, seeing it as a \"perfect storm\" for the green economy, small-cap mining companies, and Canadian businesses. He believes that the project is positioned at the intersection of several powerful trends: the global shift toward renewable energy, the increasing demand for critical minerals like cobalt, and the growth potential for small-cap companies in the resource sector. Wekerle is particularly excited about the role this project will play in strengthening Canada's position in the global green economy, as it is building the critical infrastructure for the refining of material needed by the G7 nations, while offering significant opportunities for investors and the development of Northern Ontario. Gene McBurney, a prominent figure in the Canadian resource sector, emphasized the timeliness of the U.S. Department of Defense's (DoD) investment in Electra Battery Materials' Ontario-based cobalt project (announced August 19, 2024). He noted that this investment is strategically crucial, given the growing demand for critical minerals like cobalt, essential for battery production and national security. McBurney highlighted that Electra's project aligns perfectly with North America's broader push to secure a reliable and domestic supply chain for these vital materials, reinforcing the region's energy independence...