Slide 1: Q2 Results & Progress
Q2 Results & Progress ONSHORING THE EV SUPPLY CHAIN Electra Q2 Earnings Call Presentation August 18, 2023
Slide 2: Forward Looking Statements
Forward Looking Statements All statements in this presentation other than statements of historical fact constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, and “forward-looking information” under similar Canadian legislati
Slide 3: Today's presenters
Today’s presenters Trent Mell Peter Park Mark Trevisiol CEO CFO VP Project Development NASDAQ: ELBM | TSX.V: ELBM 3
Slide 4: Q2 & recent developments
Q2 & recent developments Raised $21.5M in gross proceeds with concurrent financings Released updated economics for cobalt refinery and black mass recycling Progressed with first plant-scale recycling of black mass in North America Signed MOU with Three Fires for battery waste recycling in Ontario Ex
Slide 5: Q2 liquidity position
Q2 liquidity position Liquidity $12.9 o Liquidity in Q2 impacted by capital costs against refinery project o Implemented cost-cutting measures to preserve liquidity $ Millions CDN o Q2’s liquidity excludes C$5.1M of expected government funding $7.4 Cash $11.2 and $21.5M of gross proceeds from privat
Slide 6: Refinery project economics
Refinery project economics
Slide 7: Updated capital costs
Updated capital costs* Estimate Q2 2022 $104.2 Materials & Equipment $25.6 Construction in-direct $10.1 Existing Equipment $10.0 Freight $5.1 Re-baseline Low $155.0 Construction in-direct $5.8 Other $3.4 Contractor Fees $3.2 Re-baseline High $167.4 Increases driven by scope expansion, inflation and
Slide 8: Highlights of black mass scoping study
Highlights of black mass scoping study EBITDA Forecasts $12.6 o Capital spend: C$8.1M $10.4 $9.9 $9.6 o Internal rate of return: 127% US$ Millions o Payback: 1 to 2 years o 2,500 tonnes of processed material /YR Year 1 Year 2 Year 3 Year 4 Low capital intensity with a high rate of return NASDAQ: ELB
Slide 9: Black mass update
Black mass update
Slide 10: Plant scale recycling trial is ongoing
Plant scale recycling trial is ongoing o Large plant scale trial is underway at refinery complex o Using proprietary hydromet process previously tested o Objective is to recover high value metals for resale ⇢ Nickel, cobalt, lithium, manganese and graphite o Critical success factors for trial ⇢ Effe
Slide 11: Trial results have exceeded expectations
Trial results have exceeded expectations Recovery rates are at or superior to results achieve in lab setting First recovery of nickel-cobalt MHP via hydromet process Lithium-carbonate production is a potential game changer First customer shipment of nickel-cobalt MHP Strong interest in trial results
Slide 12: Next steps with black mass trial
Next steps with black mass trial o Ongoing optimization of hydromet process o Optimize flow sheet ⇢ Metsim (material balance) ⇢ Process flow diagrams ⇢ Early process engineering o Identify long-lead delivery items o Update scoping study o Develop summary report o Determine path to commercialization
Slide 13: Strategic developments & outlook
Strategic developments & outlook
Slide 14: Enhanced agreement with LG Energy Solution
Enhanced agreement with LG Energy Solution o 5-year strategic supply agreement o 19,000 tonnes of battery grade cobalt o Deliveries to start in 2025 o Represents 80% of refinery output during term o Value of agreement is approximately US$617M* E *Assuming current spot price of cobalt sulfate at the
Slide 15: Battery waste recycling with First Nations group
Battery waste recycling with First Nations group o Three Fires is a First Nations owned investment group focused on generating wealth for its members o Announced plans to form JV with Electra in May o Committed to strategic investment in Electra o Planned Stellantis and VW battery plants sit on Thre
Slide 16: Area of focus for joint venture with Three Fires
Area of focus for joint venture with Three Fires Primary Refining Facility catchment area Toronto Moosonee Detroit Windsor Cochrane Quebec City Halifax Temiskaming Sudbury Montreal North Ottawa Bay 500km Source: Electra Battery Materials Corporation Boston LEGEND Toronto Gigafactories 200km Cities N
Slide 17: Outlook
Sale Outlook is
Slide 18: Near-term milestones
Near-term milestones o Q3 – Summary report of black mass trial o Q3 – Delivery of key equipment to refinery o H2 2023 – Government funding decisions expected o H1 2024 – Bécancour prefeasibility study Multiple catalysts for value creation NASDAQ: ELBM | TSX.V: ELBM 18
Slide 19: Questions?
Questions?
Slide 20: Electra Battery Materials
Electra Battery Materials NASDAQ: ELBM TSX-V: ELBM Joe Racanelli, VP Investor Relations info@ElectraBMC.com 416.900.3891