Electra Battery Materials Corp · TSXV:ELBM
Electra Battery Materials — Shareholder Meeting (October 2023)
23 slides from Electra Battery Materials's shareholder meeting presentation, Oct 24, 2023
Slide 1: Electra Battery Materials
Electra Battery Materials ONSHORING THE EV SUPPLY CHAIN Annual and Special Meeting of Shareholders October 24, 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: A year of progress
A year of progress o Continued construction of refinery o Launch of black mass recycling trial o Extension of LG Energy solution contract o MOU with Three Fires Group o Updated mineral resources estimate for Iron Creek o Inaugural ESG Report Numerous achievements against a backdrop of unfavorable ma
Slide 4: Refinery project update
and inery projec Ref update
Slide 5: June 2021
June 2021 NASDAQ: ELBM | TSX.V: ELBM 5
Slide 6: September 2023
September 2023 NASDAQ: ELBM | TSX.V: ELBM 6
Slide 7: September 2023
September 2023 NASDAQ: ELBM | TSX.V: ELBM 7
Slide 8: October 2023
October 2023 NASDAQ: ELBM | TSX.V: ELBM 8
Slide 9: 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 o Review completed by 3rd party-estimator US$55.7 to $62M in o Increased costs driven by inflation, expa
Slide 10: Refinery project next steps
Refinery project next steps o Accelerate focus on project funding o Continue to receive long-lead items o Limit capital expenditures o Shift construction work to owners’ team o Continue black mass recycling trial NASDAQ: ELBM | TSX.V: ELBM 10
Slide 11: Battery recycling
Battery recycling
Slide 12: Process to recover high value elements in batteries
Process to recover high value elements in batteries Recovery of high value elements contained in shredded lithium-ion batteries Black mass typically contains nickel, cobalt, lithium, copper, and graphite Recovered elements are processed and refined Recycling process produces multiple marketable prod
Slide 13: 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 14: 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 15: 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 16: Strategic developments & outlook
Strategic developments & outlook
Slide 17: Electra's strategic blueprint
Electra’s strategic blueprint Cobalt sulfate production in Ontario o Electra has a multiprong strategy o Underpinned by battery materials complex Black mass recycling in Ontario o Includes expansion to Becancour, Que Cobalt sulfate production in Bécancour o Includes expansion to nickel and manganese
Slide 18: 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 shi
Slide 19: 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 20: 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 Shores Sudbury Montreal North Ottawa Bay 500km Source: Electra Battery Materials Corporation Boston LEGEND Toronto Gigafactories 200km C
Slide 21: 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 prefeasibility study Multiple value creation catalysts NASDAQ: ELBM | TSX.V: ELBM 21
Slide 22: Questions?
Questions?
Slide 23: 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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