Slide 1: Q2 Results & Progress
Q2 Results & Progress ONSHORING THE EV SUPPLY CHAIN Electra Q2 Earnings Call Presentation August 12, 2022
Slide 2: Forward-looking statements
Forward-looking statements This presentation 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
Slide 3: Today's presenters
Today’s presenters Trent Mell Mark Trevisol Craig Cunningham Dan Pace CEO VP Project CFO Principal Geologist Development NASDAQ: ELBM | TSX.V: ELBM 3
Slide 4: Q2 highlights
Q2 highlights Progress at refinery Rollout of ESG strategy and commitments Preparation for black mass recycling demonstration Expansion into Bécancour Exploration at Iron Creek and Ruby Q2 marked by considerable progress and execution against strategy Source: Electra Battery Materials NASDAQ: ELBM |
Slide 5: ESG strategy provides point of differentiation
ESG strategy provides point of differentiation Signed benefits agreement with Métis Nation of Ontario Joined the Responsible Minerals Initiative Launched Sustainability Framework Introduced ESG polices relating to ethical sourcing, human rights, and sustainability Initiated Sustainability Report Gov
Slide 6: Refinery update
eb) and © oO inery up Ref
Slide 7: Progress at refinery continues
Progress at refinery continues 80% of all brownfield 80% of brownfield equipment recommissioned equipment 80% of all procurement completed recommissioned 85% of detailed engineering completed Solvent extraction plant construction continues Zero lost time incidents Developing a culture of employee he
Slide 8: Equipment recommissioning
Solvent extraction plan Equipment recommissioning Opportunity to focus on operational readiness NASDAQ: ELBM | TSX.V: ELBM 8
Slide 9: Solvent extraction plant
Solvent extraction plan Solvent extraction plant Opportunity to focus on operational readiness NASDAQ: ELBM | TSX.V: ELBM 9
Slide 10: Project challenges are industry wide
Project challenges are industry wide Experiencing inflationary prices pressures and supply chain disruptions Vessel tanks failed manufacturer’s quality inspection – delivery delayed Project completion expected in spring 2023 Project costs anticipated at US$76-$80M Parallel initiatives are in progres
Slide 11: Other initiatives
Other initiatives o Complete commercial readiness initiative o Complete nickel study and Bécancour pre-feasibility study o Complete plant scale black mass recycling demonstration Completing refinery project remains main priority NASDAQ: ELBM | TSX.V: ELBM 11
Slide 12: High level black mass process flow
High level black mass process flow Black Mass Reagent Reagents Reagents 20% Solids Impurity 2 S/L Separation Impurity 1 Leaching Removal + Mix Tank (filter press) Removal Mix Product (mix Tank tank) Reagent Reagent Reagent Residue (filter press) to Tailings PRODUCT PRODUCT PRODUCT Process produces n
Slide 13: Q2 Financial Highlights
et Electra , Poy ait Fattety | Mategials, Q2 Financial Highlights
Slide 14: Q2 financial results
Q2 financial results Net Earnings Cash Position $7.5 $60.0 $7.5 $51.9 $5.5 $50.0 $41.8 $3.5 $40.0 Millions $1.5 Millions ($6.4) $30.0 -$0.5 $20.0 -$2.5 $10.0 -$4.5 -$6.5 $0.0 Q2 2022 Q2 2021 Q2 2022 Q1 2022 o Refinery construction costs, corporate costs and o Q2 2022 results driven by $12.7M gain on
Slide 15: Updated guidance
Updated guidance 2023 2024 2025 Contained cobalt production 1,800 - 2,100 tonnes 5,000 tonnes N/A EBITDA1 $9.5 - $10.5M N/A N/A o Forecasts are based on a number of market assumptions, including: ⇢ Cobalt sulfate average price of US$38.59/lb ⇢ Cobalt metal average price of US$35.59/lb ⇢ Cobalt hydro
Slide 16: Bécancour expansion
Bécancour expansion
Slide 17: Opportunity at Bécancour
Opportunity at Bécancour o Bécancour is emerging as an important hub for the supply of low-carbon battery materials to the EV supply chain o Bécancour has attracted than US$400 million of investments from stakeholders o Bécancour is being developed through joint investments from the Government of Ca
Slide 18: Exploration update
Exploration update
Slide 19: New mineralization in Idaho Cobalt Belt
New mineralization in Idaho Cobalt Belt Defined strong and open-ended anomaly at Ruby by IP Drilling on the eastern margin intersected mineralization similar to Iron Creek deposit Additional drilling is planned to the west Drill samples being testing; assay results expected in Q3 2022 Ruby could be
Slide 20: Outlook & near-term milestones
Outlook & near- term milestones
Slide 21: Market outlook
Market outlook $7,500 EV tax credit o Inflation Reduction Act provides favorable backdrop 27.1% CAGR in EV o Outlook for cobalt and nickel prices is positive sales through 2026 o Annual EV sales expected to grow to 27M by 2030 2 MOUs signed o Market developments driving customer demand Trends point
Slide 22: Upcoming milestones
Upcoming milestones Release of nickel study Completion of sustainability report Sale of products from black mass recycling Completion of Bécancour pre-feasibility study Release of Ruby assay results Ongoing completion of refinery project Multiple catalysts for value creation expected in the near ter
Slide 23: Questions?
Questions?
Slide 24: info@ElectraBMC.com
info@ElectraBMC.com +1.416.900.3891