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Electra Signs Benefits Agreement with Métis Nation of Ontario
Electra Signs Benefits Agreement with Métis Nation of Ontario Canada NewsW...
About this update from Electra Battery Materials Corp
[{"type":"text","content":"\n \n \n \n Electra Signs Benefits Agreement with Métis Nation of Ontario\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n July 26, 2022\n \n \n /CNW/ -\n \n Electra Battery Materials Corporation\n \n (NASDAQ: ELBM) (TSX-V: ELBM) (\"Electra\") today announced that it has signed a Benefits Agreement with the Métis Nation of\n \n Ontario\n \n (\"MNO\") solidifying a relationship between the two parties and providing employment, training, procurement, and business opportunities related to the construction and expansion of the Company's battery materials refinery north of Toronto Temiskaming Shores.\n \n \n \n \n \n \n \n \n \n \"Signing our first Benefits Agreement marks an important milestone for Electra as we advance with the commissioning of our refinery,\" said\n \n Trent Mell\n \n , CEO of Electra Battery Materials. \"It demonstrates our commitment to operations that are environmentally, culturally, and socially responsible, and also reflects our commitment to working with Indigenous communities in respectful and mutually beneficial ways.\"\n \n \n \"We welcome the signing of the Benefits Agreement and Electra's commitment to support economic, cultural, and educational activities in the region,\" said\n \n Lorette McKnight\n \n , President of the Métis Nation of Ontario Temiskaming Métis Council. \"The construction of a battery materials plant in\n \n Ontario\n \n on the\n \n James Bay\n \n and Abitibi/Temiscamingue Métis Traditional Territories represents an exciting development that will create many opportunities while also supporting environmental sustainability through reducing carbon emissions as a result of the adoption of electric vehicles.\"\n \n \n In connection with the Benefits Agreement, Electra has agreed to issue 20,000 common shares of the Company to the MNO as a means of providing a measure of economic participation in the success of Electra's low-carbon battery materials visions. The issuance of the common shares remains subject to the approval of the TSX ...