Electra Battery Materials Corp · TSXV:ELBM
Electra Battery Materials — Investor Presentation (September 2024)
29 slides from Electra Battery Materials's investor presentation, September 2024
Slide 1: Driving the Battery Industry: The North American Supply Chain
Driving the Battery Industry The North American Supply Chain September 2024
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: We are in the midst of a global battery arms race
“We are in the midst of a global battery arms race”* China dominates processing of EV battery materials U.S. Department of Defense providing US$20M grant towards completion of Electra’s Refinery, prioritizing onshoring of supply chain U.S. Inflation Reduction Act will prohibit EVs from containing an
Slide 4: Electra is the mid-stream link between raw material & EV batteries
Electra is the mid-stream link between raw material & EV batteries Recycling Refining PCAM CAM Cells Electric vehicles Primary extraction Our facilities can process material from mines, and recycled material from battery waste / scrap, to produce saleable materials that go into EV batteries. Electra
Slide 5: The North American alternative to Chinese-refined supply
The North American alternative to Chinese-refined supply fine Re China produces ~94% of the world’s PCA Recycle fine cobalt sulfate* Re M / CAM North American OEMs PCAM / CAM & End Users China ries B a t t e ri e s tte Ba 77% of the world’s cobalt is mined in the DRC *Benchmark Mineral Intelligence
Slide 6: Strategically located near battery plants
Strategically located near battery plants Battery pipeline of >1 TWh, enough to supply +15M full-battery EVs per year1 Existing cell plant Pilot cell plant Future cell plant Electra Battery Materials Park Including six CAM or PCAM/CAM plants within 1,000kms of Electra’s Refinery open, or planned to
Slide 7: Building a North American supply as gigafactories increase demand
Building a North American supply as gigafactories increase demand Global battery grade sulfate capacity (2023) against planned North American battery gigafactory cobalt demand (t Co) o Finland hosts the only significant cobalt sulfate 181,475 refining outside of Asia +10,060 2030 o most is consumed
Slide 8: Partnerships in onshoring North American supply
Partnerships in onshoring North American supply 8
Slide 9: Supply chain capacity growth planned alongside the battery market
Supply chain capacity growth planned alongside the battery market Ontario Ontario Refinery North American Recycling Bécancour Refinery Expansion Nickel Battery grade cobalt Battery grade cobalt Lithium-ion battery Battery grade Battery grade nickel sulfate refinery sulfate refinery hydrometallurgica
Slide 10: 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 11: Refinery construction ready for completion
Refinery construction ready for completion US$20M US$250M 600+ acres 100+ years In new funding committed by U.S. Department of Defense replacement value of land asset life 11
Slide 12: 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; permit amendment required for expansion Crystallizer circuit has been sized to 6,500t cobalt to remove future bottleneck Additional 1,500tpa could generate US$30+M*
Slide 13: Cobalt Sulfate Plant – Production and EBITDA Profile
Cobalt Sulfate Plant – Production and EBITDA Profile1,2 Production EBITDA Lithium Producers Metals Recycling Metals Refining & Processing Key Assumptions (cobalt in metric tonnes) (USD millions) 100% Toll Agreement Prod. Ramp-up Prod. Ramp-up 6,500 8.5x 25-35 7.7x Excludes corporate G&A 7.2x 7.2x 7.
Slide 14: Battery Recycling
Battery Recycling OPERATING PLANT SCALE REFINERY ON A DEMONSTRATION BASIS SINCE JANUARY 2023
Slide 15: 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 15
Slide 16: First hydromet battery recycling in North America
First hydromet battery recycling in North America Hydrometallurgical process and hydroelectric power ensures low GHG emissions Recovers lithium, nickel, cobalt, manganese, and graphite Commercial scale hydrometallurgical demonstration plant operated throughout 2023 Received C$5M Government funding i
Slide 17: Successful separation of Black Mass
Successful separation of Black Mass ~95% of value ~35% of volume Black mass Nickel and cobalt in MHP Lithium carbonate Graphite First recovery of nickel-cobalt MHP and lithium carbonate through hydrometallurgical process in North America 17
Slide 18: Our pre-processing partnership
Our pre-processing partnership LEGEND • First wave of battery scrap will come from cell Gigafactories plants and manufacturing Cities CANADA Smaller Market • Partnership with some of these North American Moosonee Road facilities could create a closed loop Rail Lines Cochrane • Electra announced Aki
Slide 19: The link to closing the loop
The link to closing the loop Recycling Refining PCAM CAM Cells Electric vehicles The Aki Battery Recycling joint venture source and process lithium-ion battery waste from manufacturers to produce black • Lead the capital resourcing mass at a state-of-the-art facility to be established in southern •
Slide 20: Sustainable & Responsible Development
Sustainable & Responsible Development ELECTRA IS SECOND TO NONE
Slide 21: Building an ethical, sustainable supply chain
Building an ethical, sustainable supply chain 51% lower refinery CO2 Removes Responsible emissions1 & ~1.0M2 combustion engines from Mineral Initiative 40% lower CO2 freight the road every year1 traceability, commitment emissions to ethical supply chain We take a proactive, risk-based approach to en
Slide 22: Strong governance and social responsibility
Strong governance and social responsibility Community Relations Environmental, Social & Governance o Our goal is to be a catalyst for local community Electra tree planting initiative and economic development (Ontario, Canada) o We strive to provide regional economic opportunities, local employment,
Slide 23: Growth Pipeline
Growth Pipeline POSITIONED AND PREPARED TO GROW ALONGSIDE BATTERY MATERIALS SECTOR
Slide 24: Bécancour cobalt sulfate opportunity
Bécancour cobalt sulfate opportunity o Co-locating with precursor makers in Quebec o Strategic location - allocated site next to 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 relationsh
Slide 25: 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 Glencore and Talon Metals Corp collaborated with Electra on government- sponsored nickel sulfate refining scoping study o Three nickel source
Slide 26: What’s coming for Electra
What’s coming for Electra Remaining funding to complete construction of Ontario Refinery Progressing battery recycling program Advancing construction Evolving partnership with Three Fires Group on closed- loop recycling program 26
Slide 27: Management
The team Management Trent Mell Mark Trevisiol David Allen Michael Insulán Heather Smiles Dr. George Puvvada Founder & CEO P.Eng CFO PhD Vice President, Investor P.Eng., PMP, PhD Vice President, Vice President, Relations & Corporate Vice President, Project Development Commercial Development Metallurg
Slide 28: Capital structure
Capital structure Share Price (TSX-V: ELBM) Capitalization and Market Facts $1.00 Ticker – NASDAQ/TSX-V: ELBM $0.80 Shares Outstanding1 57.2M $0.60 52 Week Range2 C$0.41 - $3.47 $0.40 Current Share Price2 C$0.90 / US$0.65 $0.20 Close Average Daily Volume3 769,000 $0.00 Market Cap2 C$50M / US$37M 6/9
Slide 29: Heather Smiles, VP Investor Relations & Corporate Development
Heather Smiles, VP Investor Relations & Corporate Development Info@ElectraBMC.com +1 416 900 3891
Electra Battery Materials — Investor Presentation (September 2024) on 6ix