Electra Battery Materials Corp · TSXV:ELBM
Electra Battery Materials — Q3 2023 Earnings Presentation
25 slides from Electra Battery Materials's earnings presentation, Nov 17, 2023
Slide 1: Q3 Results & Progress
Q3 Results & Progress ONSHORING THE EV SUPPLY CHAIN Electra Q3 Earnings Call Presentation November 17, 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: Q3 & recent developments
Q3 & recent developments Raised C$21.5M in gross proceeds with concurrent financings Progressed with first plant-scale recycling of black mass in North America Made first customer shipment of MHP product from black mass trial Advanced negotiations with Three Fires on primary battery recycling in Ont
Slide 5: Q3 Financial Highlights
Q3 Financial Highlights
Slide 6: Q3 liquidity position
Q3 liquidity position Liquidity $15.7 o Liquidity in Q3 impacted by ⇢ C$21.5M of gross proceeds from private placement $ Millions CDN ⇢ capital costs against refinery project o Q3’s liquidity excludes C$5.1M of expected government funding $7.4 $15.1 o Implemented austerity measures to preserve liqui
Slide 7: Q3 financial highlights
Q3 financial highlights* Net loss was $9.2M or o Net loss included $4.4 million of fair value adjustments to 2028 Convertible Notes $0.20 per share o Long-term liabilities relating to convertible notes were re- classified as Current due to timing of waiver from lenders Operating loss was o With rece
Slide 8: Refinery project update
iJ inery projec Ref update
Slide 9: June 2021
June 2021 NASDAQ: ELBM | TSX.V: ELBM 9
Slide 10: September 2023
September 2023 NASDAQ: ELBM | TSX.V: ELBM 10
Slide 11: September 2023
September 2023 NASDAQ: ELBM | TSX.V: ELBM 11
Slide 12: October 2023
October 2023 NASDAQ: ELBM | TSX.V: ELBM 12
Slide 13: Updated refinery project economics
Updated refinery project economics Updated project costs: o Completed re-baseline engineering report on refinery project timelines and costs US$113 to $121.8M o Report prepared by EPCM contractor Estimate to complete: o Review completed by 3rd party-estimator US$55.7 to $62M o Increased costs driven
Slide 14: Refinery project next steps
Refinery project next steps o Accelerate focus on non-dilutive project funding o Continue to receive long-lead items o Continue black mass recycling trial NASDAQ: ELBM | TSX.V: ELBM 14
Slide 15: Black mass update
Black mass update
Slide 16: Plant scale recycling trial is ongoing
Plant scale recycling trial is ongoing o Plant scale battery recycling trial extended through Q4 o Goals are to test hydromet process and recover high value metals for resale ⇢ Nickel, cobalt, lithium, manganese and graphite o Critical success factors for trial ⇢ Safe and environmentally compliant e
Slide 17: Trial results have exceeded expectations
Trial results have exceeded expectations Recovery rates for some individual processing steps are at or superior to results achieve in lab setting Approximately 40 tonnes of black mass processed to date First recovery of nickel-cobalt MHP via hydromet process 20 tonnes of nickel-cobalt MHP shipped to
Slide 18: Next steps with black mass trial
Next steps with black mass trial o Continued optimization of hydromet process ⇢ Reduce moisture levels ⇢ Improve product purity levels o Optimize and finalize flow sheet ⇢ Metsim (material balance) ⇢ Process flow diagrams ⇢ Study costs to make LME grade cobalt and Industrial grade lithium carbonate
Slide 19: Strategic developments & outlook
Strategic developments & outlook
Slide 20: 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* Two-year extension and increase in amount of product sh
Slide 21: 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 Recent discussions have centred on integrating battery shredding technologies and capabilities o Ne
Slide 22: 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 23: Near-term milestones
Near-term milestones H2 2023 o Ongoing delivery of long-lead items o Summary report of black mass trial o Government funding decisions H1 2024 o Permitting at Iron Creek o Strategic partnerships o Bécancour study Multiple value creation catalysts NASDAQ: ELBM | TSX.V: ELBM 23
Slide 24: Questions?
Questions?
Slide 25: Electra Battery Materials
Electra Battery Materials NASDAQ: ELBM TSX-V: ELBM Joe Racanelli, VP Investor Relations info@ElectraBMC.com 416.900.3891
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