Electra Battery Materials Corp · TSXV:ELBM
Electra Battery Materials — Shareholder Meeting (June 2025)
20 slides from Electra Battery Materials's shareholder meeting presentation, June 2025
Slide 1: North America's Critical Minerals Solution
North America’s Critical Minerals Solution June 2025
Slide 2: Forward looking statements
Forward looking statements This presentation includes certain “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of U.S. securities legislation (collectively “forward-looking statements”). Forward-looking statements
Slide 3: Battery Materials, Made in North America
Battery Materials, Made in North America ⦿ Leading North American Battery Materials → Developing a secure, sustainable domestic critical minerals supply chain ⦿ Strategically Located → Operating in proximity to U.S. and Canadian supply chain partners ⦿ Integrated Battery Materials Refining → Advanci
Slide 4: The first of its kind
The first of its kind Hydrometallurgical facility with an operating history, and only facility of its kind in North America in construction to supply the electric Existing refinery, infrastructure, vehicle market with cobalt sulfate. and permits Fully permitted site, located in Ontario, Canada, with
Slide 5: Will be 100% of North American supply of battery grade cobalt
Will be 100% of North American supply of battery grade cobalt o Electra’s cobalt sulfate supply will be China & Taiwan integral to Precursor Cathode Active 131,200 Materials (PCAM) plants being 6,500 constructed in North America North America o Demand expected to reach up to 6,500 180,000t cobalt by
Slide 6: Refinery Construction Ready for Completion
Refinery Construction Ready for Completion o US$70 million required to complete refinery construction* US$250M 100+ years 600+ acres o US$34 million in aggregate government funding Replacement value asset life of land arranged o US$20 million awarded by the U.S. Department of Defense o C$20 million
Slide 7: Generous profit margins & free cash flow
Generous profit margins & free cash flow Sodium Hydroxide o 100+ year operating life 21% o Toll model Gross o Lower risk commercial strategy Profit o Considerations in place to accommodate 45% Sulfuric fluctuations on sodium hydroxide and sulfuric 7% Acid acid pricing o Potential to unlock operation
Slide 8: Commercial arrangements in place
Commercial arrangements in place o 100% of feedstock requirements will be met through agreements with Eurasian Resources Group (ERG) and Glencore, two global leaders in ethical cobalt production o Electra will supply LG Energy Solution with 15,000 to 20,000 tonnes of battery grade cobalt over a five
Slide 9: 30% capacity increase planned with minimal capital expenditure
30% capacity increase planned with minimal capital expenditure Site currently permitted to produce 5,000t cobalt contained in sulfate o Plant to be commissioned for 5,000t cobalt o Permit amendments for further expansion expected to take approximately 12 months Crystallizer circuit has been sized to
Slide 10: Building an ethical, sustainable supply chain
Building an ethical, sustainable supply chain 51% lower refinery CO2 Removes Responsible emissions1 & ~1.0M2 Mineral Initiative 40% lower CO2 freight combustion engines from traceability, commitment emissions the road every year1 to ethical supply chain We take a proactive, risk-based approach to en
Slide 11: Pipeline For North America's Critical Minerals Supply Chain
Pipeline For North America’s Critical Minerals Supply Chain
Slide 12: Pipeline of projects for a resilient supply chain
Pipeline of projects for a resilient supply chain Recycling Idaho Cobalt North American Bécancour Cobalt Feasibility study underway for Properties Nickel Processing scalable, industrial operation Opportunity to onshore Opportunity for battery Potential for North North American cobalt American batter
Slide 13: Positioned to close the loop in North America
Positioned to close the loop in North America Year-long demonstration process has successfully proven capable of producing saleable materials from Black Mass Black Mass is produced when batteries reach the end of their useful life, or as waste from battery manufacturing process 13
Slide 14: Demonstrated recycling capacity
Demonstrated recycling capacity o Feasibility level Class 3 Engineering Study for the construction of a modular battery recycling facility adjacent to its cobalt sulfate refinery completed in June 2025 o Successfully demonstrated production of saleable materials from black mass, derived from battery
Slide 15: The link to closing the loop: Aki Joint Venture
The link to closing the loop: Aki Joint Venture Recycling Shredding Refining PCAM CAM Cells Consumer The first wave of battery scrap will come from cell manufacturing plants The Aki Battery Recycling joint venture will source and process lithium- • Lead the capital resourcing ion battery waste into
Slide 16: Opportunity for 'Made in America' critical minerals
Opportunity for ‘Made in America’ Blackbird Ram-Sunrise critical minerals Blackpine Salmon Iron Creek 28 • Idaho Cobalt Belt is America’s best opportunity to onshore cobalt supply and reduce reliance on China o Largest unmined cobalt resources in the U.S.* 10 km 93 • 53Mlbs of Cu and 14Mlbs of Co pr
Slide 17: Idaho Copper Cobalt Properties
Idaho Copper Cobalt Properties o Several cobalt/copper/gold deposits and prospects within Electra’s consolidated Idaho Copper Cobalt Properties (over 70,000 ha in size) o Exploration drilling to expand resources at Iron Creek and is open in all directions Iron Creek Ruby CAS Mineral Drilling at Ruby
Slide 18: North American nickel sulfate
North American nickel sulfate o There are no nickel sulfate refineries in North America today o Nickel is the most abundant mineral in NCM and NCA cathodes o Electra has completed a government-sponsored nickel sulfate refining scoping study o Three nickel source options developed derive CAPEX and OP
Slide 19: Bécancour cobalt sulfate opportunity
Bécancour cobalt sulfate opportunity o Co-locating with precursor makers in Quebec o Strategic location - allocated near Vale’s nickel sulfate plant (also metal dissolution) o GM, POSCO, Ford, and others are building facilities in “battery valley” o Government support, with strong relationship with
Slide 20: Info@ElectraBMC.com
Info@ElectraBMC.com +1 416 900 3891
Electra Battery Materials — Shareholder Meeting (June 2025) on 6ix