Electra Battery Materials Corp · TSXV:ELBM
Electra Battery Materials — Investor Presentation (April 2024)
30 slides from Electra Battery Materials's investor presentation, April 2024
Slide 1: Electra Battery Materials
Electra Battery Materials SUPPORTING THE ONSHORING OF NORTH AMERICA’S BATTERY SUPPLY CHAIN April 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: North America must reduce reliance on processing from China
North America must reduce reliance on processing from China Electrification and the net-zero o China dominates processing of EV battery materials* o Governments are looking to reduce the geopolitical risks by transition are supporting development of domestic supply chains driving increasing o U.S. I
Slide 4: EV sales outlook remains bullish
EV sales outlook remains bullish 40 40 35 35 o Annual growth rate of 23% expected over next 5 years 30 +23% 30 o Penetration rate of EVs to all cars sold is Penetration Rate (%) 25 Sales in Millions 25 expected to nearly 40% by 2028 20 20 o Growth is being accelerated by: 15 15 ⇢ Government policies
Slide 5: Electra's role in the battery supply chain
Mining/Mineral Electra’s role in Battery Materials Resource Extraction the battery supply Refinery chain Cobalt, Graphite l Pr Nickel, & Electra’s Canadian refinery complex ng tu l Copper Manganese fac e nu y C ri ec nufac Primary Refining M can support primary refining and Sulfates urs turin Ma tte
Slide 6: Staged development plan to grow with the battery market
Staged development plan to grow with the battery market Phase 1 Phase 2 Phase 3 Phase 4 [Idaho] [Canada/US] [Ontario] [Ontario] [Ontario] [Quebec] Battery grade Battery grade cobalt Lithium-ion battery Battery grade Copper-cobalt Battery grade cobalt sulfate sulfate refinery hydrometallurgical cobal
Slide 7: Strategically located in North America
Strategically located in North America Electra China Battery pipeline of >1 TWh, sufficient to supply more than Distance to USA2 1,350 km 13,250 km 15 million full-battery electric vehicles per year1 Distance to Europe3 6,100 km 19,500 km North America has recognized need to onshore capacity to supp
Slide 8: Management
Leadership 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 Me
Slide 9: Cobalt Sulfate Refinery
Cobalt Sulfate Refinery NORTH AMERICA’S FIRST COBALT SULFATE REFINERY
Slide 10: Right time, right asset
Right time, right asset Onshoring of EV materials is of critical importance in North America o U.S. Inflation Reduction Act disqualifies Global battery grade sulfate capacity, 2023 (kt Co) Chinese cobalt sulfate from US$7,500 EV subsidies Huayou 37.0 GEM 21.0 o China dominates processing of EV batte
Slide 11: The first of its kind
The first of its kind Existing refinery, infrastructure and permits o Hydrometallurgical facility with an operating history of producing cobalt carbonate and nickel carbonate, and only facility of its kind in North America in construction to supply the electric vehicle market with cobalt sulphate o
Slide 12: Development well underway
Development well underway Strong progress over the past 24 months USD 200M USD 60M 600+ acres 100+ years replacement value to complete of land asset life 2022 2024 NASDAQ: ELBM | TSX.V: ELBM 12
Slide 13: Plans for 30% capacity increase in Year 3 with minimal capital expenditure
Plans for 30% capacity increase in Year 3 with minimal capital expenditure o Plant to be commissioned for 5,000t cobalt o Crystallizer circuit has been sized to 6,500t cobalt to remove future bottleneck o Site currently permitted to produce 5,100t cobalt contained in sulfate; permit amendment requir
Slide 14: Expansion plans supported by demand projections
Expansion plans supported by demand projections Distance from Cobalt demand from North American Gigafactories, Location Material Start-up Electra in Metric Tonnes per year1 Loyalist, Ontario PCAM/CAM 2025 600km Electra Supply Cobalt Demand Saint-Basile-le- 152,900 PCAM/CAM 2025 750km Grand, Quebec 1
Slide 15: 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) 8.5x 100% Toll Agreement 7.7x Prod. Ramp-up 7.4x Prod. Ramp-up 6,500 28 7.2x 7.2x 7.1x Excludes corporate
Slide 16: Battery Recycling
Battery Recycling OPERATING PLANT SCALE REFINERY ON A DEMONSTRATION BASIS SINCE JANUARY 2023
Slide 17: Supply of recycled material expected to increase
Supply of recycled material expected to increase Electra positioned to close the loop in North America Electric Recycling Refining PCAM CAM Cells vehicles Primary o Year-long demonstration process has successfully extraction proven capable of producing saleable materials from Black Mass o Black Mass
Slide 18: Successful separation of Black Mass
Successful separation of Black Mass ~95% of value ~35% of volume Nickel and cobalt in MHP Lithium carbonate Graphite First recovery of nickel-cobalt MHP and lithium carbonate through hydrometallurgical route in North America NASDAQ: ELBM | TSX.V: ELBM 18
Slide 19: Black mass commercial scale demonstration plant
Black mass commercial scale demonstration plant Recovery of lithium, nickel, cobalt, manganese, and graphite Demonstration plant operated throughout 2023 using existing facilities and equipment Currently optimizing go-forward strategy for recycling facility commercialization Hydrometallurgical proce
Slide 20: Electra pre-processing strategy
Electra pre-processing strategy LEGEND o First wave of battery scrap will come from cell Primary Refining Gigafactories plants and manufacturing Facility catchment area Toronto Cities o Electra seeks to partner with some of these CANADA Smaller Market North American facilities to create a closed loo
Slide 21: Future Pipelines
Future Pipelines POSITIONED AND PREPARED TO GROW ALONGSIDE BATTERY MATERIALS SECTOR
Slide 22: Production optionality
Production optionality As market expands, Electra can grow in conjunction o Battery Grade Cobalt Sulfate planned for initial commercial production Cobalt Sulfate Plant Battery Recycling Bécancour Nickel Sulfate ⇢ LGES offtake agreement providing steady source of revenue Metal Units o Recycling under
Slide 23: Bécancour cobalt sulfate refinery opportunity
Bécancour cobalt sulfate refinery opportunity Co-locating with precursor makers in Quebec Electra in o Strategic location - allocated site next to Vale’s nickel sulfate Bécancour plant (also metal dissolution) o GM, POSCO, Ford, and others are building facilities in “battery valley” o Government sup
Slide 24: Nickel sulfate opportunity
Nickel sulfate opportunity o Nickel is the most abundant mineral in NCM and NCA cathodes o There are no nickel sulfate refineries in North America today o Glencore and Talon Metals Corp collaborated with Electra on government-sponsored nickel sulfate refining scoping study o Three nickel source opti
Slide 25: Idaho cobalt belt
Idaho cobalt belt Ram/ICP Iron Creek Copper-Cobalt mine Blackbird Salmon Iron Creek 28 Largest unmined cobalt resource in the U.S. (USGS 2017) o America’s best opportunity to reduce reliance of 93 10 km DRC and China for cobalt supply Challis o High grade deposits amenable to underground mining with
Slide 26: ESG Credentials
ESG Credentials ELECTRA IS SECOND TO NONE
Slide 27: Low environmental footprint
Low environmental footprint Life Cycle Assessment, Cobalt Refinery We take a proactive, risk-based approach to environmental 51% lower CO2 emissions1 management, with robust measures that help ensure we minimize our environmental impact, while ensuring 73% 30% lower water consumption1 lower eutrophi
Slide 28: ESG advantage in North America
ESG advantage in North America Electra’s refinery has 40% lower CO2 freight emissions compared to shipments from China Sea freight, Durban to Shanghai: 1.2t CO2 Sea freight, Durban to Montreal: 1.2t CO2 Sea freight, Shanghai to Vancouver: 0.9t CO2 Road transport, Montreal to Electra plant: 0.1t CO2
Slide 29: 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 30: Electra Battery Materials
Electra Battery Materials NASDAQ: ELBM TSX-V: ELBM Heather Smiles, VP Investor Relations & Corporate Development Info@ElectraBMC.com +1 416 900 3891
Electra Battery Materials — Investor Presentation (April 2024) on 6ix