Nathan Martin

Nick Giles

Lucas Pipes

- Electra Battery Materials Corporation has appointed **David Stetson** to its Board of Directors.  **[1704715_05f307817dec48adb64c1b245b282521_0]** 
- Mr. Stetson brings extensive leadership experience in the natural resources sector, including 14 years as a CEO, during which he led Alpha Metallurgical Resources to increase its market capitalization from **$50 million to over US$4 billion** and eliminate **US$800 million of debt**.  **[1704715_05f307817dec48adb64c1b245b282521_0]** 
- His appointment follows a recently announced **recapitalization process** with the Company's senior secured convertible notes holders, designed to strengthen Electra's balance sheet.  **[1704715_05f307817dec48adb64c1b245b282521_1]** 
- Mr. Stetson is a board nominee of the Lenders who provided a **US$2 million** bridge financing through unsecured 90-day 12.00% promissory notes to support operations during the restructuring.  **[1704715_05f307817dec48adb64c1b245b282521_1]**

Alpha Metallurgical Resources (AMR)