David Talbot

- Electra Battery Materials has appointed **Paolo Toscano** as **Vice President, Projects and Engineering**, to oversee the construction and commissioning of **North America's first cobalt sulfate refinery** in Temiskaming Shores, Ontario.  **[1907184_0001171843-25-006753_exh_991.htm:0]** 
- The company announced it has elected **not to proceed** with the previously approved Reverse Split at this time, though it may re-evaluate the decision in the future.  **[1907184_0001171843-25-006753_exh_991.htm:0]** **[1907184_0001171843-25-006753_exh_991.htm:1]** 
- Electra issued **2,669,000 incentive stock options**, **179,000 restricted share units (RSUs)**, and **271,000 deferred share units (DSUs)** to certain personnel, with options exercisable at **C$1.97** and vesting over two years.  **[1907184_0001171843-25-006753_exh_991.htm:1]**

Electra Battery Materials Appoints New VP for Refinery Project and Provides Corporate Updates

- **Electra Battery Materials Corporation** has launched a new program to advance mineral deposit modeling and feedstock integration at its **Iron Creek cobalt-copper project in Idaho**, supporting U.S. efforts to onshore critical mineral production and reduce dependence on foreign supply chains.  **[1907184_0001171843-25-006672_exh_991.htm:0]** 
- With financing for its North American cobalt refinery now completed and construction scheduled to resume, Electra is leveraging its strengthened balance sheet to advance its next phase of growth, focusing on **onshoring mineral processing and mining capabilities**.  **[1907184_0001171843-25-006672_exh_991.htm:0]** 
- The company has commenced a bench-scale lab program to evaluate cobalt feedstocks from North American deposits, aiming to modify its existing refinery flowsheet to accept polymetallic sulfide concentrates, which complements current sourcing arrangements and is a step toward integrating domestic mine feed.  **[1907184_0001171843-25-006672_exh_991.htm:0]** 
- A new geological research program at Iron Creek will refine the geological model and guide future drilling, with a **spring 2026 drilling restart** planned, and the **Electra refinery commissioning targeted for 2027**.  **[1907184_0001171843-25-006672_exh_991.htm:0]** **[1907184_0001171843-25-006672_exh_991.htm:1]**

Electra Advances Idaho Cobalt-Copper Assets for Critical Minerals Independence

- Electra Battery Materials Corporation announced the closing of its **US$34.5 million financing** and **US$40 million debt equitization** on **October 22, 2025**.  **[1907184_0001171843-25-006637_exh_998.htm:0]** **[1907184_0001171843-25-006637_exh_998.htm:1]** 
- The financing involved the issuance of **46,000,000 units** at **US$0.75 per unit**, with each unit comprising one common share and one common share purchase warrant.  **[1907184_0001171843-25-006637_exh_998.htm:1]**  Each warrant entitles the holder to purchase a common share at **US$1.25** for a period until **October 22, 2028**.  **[1907184_0001171843-25-006637_exh_998.htm:1]** 
- Net proceeds from the offering are intended to advance the completion and ramp-up of Electra's cobalt refinery, progress the black mass recycling program, repay **US$2 million** in promissory notes, cover restructuring expenses, and support general working capital.  **[1907184_0001171843-25-006637_exh_998.htm:1]** 
- The company successfully completed the offering without requiring the previously announced **US$10 million conditional commitment** from lenders due to strong demand.  **[1907184_0001171843-25-006637_exh_998.htm:1]** 
- Electra also recently appointed **three new directors** to its board: David Stetson, Gerard Hueber, and Jody Thomas.  **[1907184_0001171843-25-006637_exh_998.htm:1]**

Electra Battery Materials Corporation Closes US$34.5 Million Financing and US$40 Million Debt Equitization

- Electra Battery Materials Corporation completed a **US$34.5 million financing** and **US$40 million debt equitization**.  **[1907184_0001171843-25-006596_exh_991.htm:0]** 
- The company has secured **US$82 million** from investors and government commitments, fully funding the construction and commissioning of **North America's first cobalt sulfate refinery**.  **[1907184_0001171843-25-006596_exh_991.htm:0]** 
- This restructuring reduced Electra's total debt from US$67 million to **US$27 million**.  **[1907184_0001171843-25-006596_exh_991.htm:0]** 
- Once operational, the refinery is expected to produce up to **6,500 tonnes of cobalt sulfate annually**.  **[1907184_0001171843-25-006596_exh_991.htm:1]**

Electra Battery Materials Completes Financing and Debt Restructuring, Fully Funding Cobalt Refinery

- Electra Battery Materials Corporation shareholders **approved the election of all seven director nominees** at a special meeting held on **October 15, 2025**.  **[1907184_0001171843-25-006475_exh_991.htm:0]** **[1907184_0001171843-25-006475_exh_992.htm:0]** 
- **David Stetson was appointed Chair of the Board**, succeeding John Pollesel, who was appointed Lead Director.  **[1907184_0001171843-25-006475_exh_991.htm:0]** 
- Shareholders also **approved restructuring transactions** and the **authorization of a reverse stock split** at a ratio of one (1) post-Reverse Split Common Share for up to three-and-a-half (3.5) pre-Reverse Split Common Shares.  **[1907184_0001171843-25-006475_exh_991.htm:0]** **[1907184_0001171843-25-006475_exh_992.htm:0]** **[1907184_0001171843-25-006475_exh_992.htm:1]**

Electra Battery Materials Announces Special Shareholder Meeting Results

- Electra Battery Materials Corporation announced that the mailing of its Meeting Materials for the upcoming Annual General and Special Meeting has been disrupted due to an **ongoing Canada Post strike**.  **[1907184_0001171843-25-006292_exh_991.htm:0]** 
- Shareholders are urged to cast their votes by **10:00 a.m. ET on Friday, October 10, 2025**, for the meeting scheduled on **October 15, 2025**.  **[1907184_0001171843-25-006292_exh_991.htm:0]** 
- Shareholder approval is required for the **election of the board of directors**, including the appointments of **Gerard Hueber and Jody Thomas**, and for other resolutions related to the company's **balance sheet restructuring**.  **[1907184_0001171843-25-006292_exh_991.htm:0]** 
- Instructions are provided for both registered and beneficial shareholders to obtain control numbers and vote online, with support available from TSX Trust and Sodali.  **[1907184_0001171843-25-006292_exh_991.htm:0]**

Electra Battery Materials Corporation Issues Shareholder Voting Notice Amid Postal Strike

- Electra Battery Materials Corporation's previously announced private placement financing is **fully subscribed**, with investor orders totaling **US$30 million**.  **[1907184_0001171843-25-006089_exh_991.htm:0]** 
- The financing received strong participation from both **existing shareholders and new institutional investors**.  **[1907184_0001171843-25-006089_exh_991.htm:0]** 
- The Offering is expected to close on or about **October 17, 2025**, concurrently with the company's financial restructuring.  **[1907184_0001171843-25-006089_exh_991.htm:0]** 
- Closing is subject to shareholder approval at a special meeting scheduled for **October 15, 2025**, and customary regulatory approvals.  **[1907184_0001171843-25-006089_exh_991.htm:0]** 
- The funds will strengthen Electra's capital structure and secure funding to advance the commissioning of North America's first battery-grade cobalt sulfate refinery.  **[1907184_0001171843-25-006089_exh_991.htm:0]**

Electra Battery Materials Corporation's US$30 Million Financing Fully Subscribed

- Electra Battery Materials Corporation will hold a special meeting on **October 15, 2025**, to vote on **Restructuring Transactions** and a **Reverse Split of Common Shares**.  **[1907184_0001171843-25-005972_exh_991.htm:0]** 
- The Restructuring Transactions involve an **Equity Exchange** and **Debt Exchange** for existing notes, alongside an **Offering** to raise a minimum of **US$30,000,000** at **US$0.75 per Unit**, with Noteholders committing to **US$10,000,000**.  **[1907184_0001171843-25-005972_exh_991.htm:22]** **[1907184_0001171843-25-005972_exh_991.htm:23]** **[1907184_0001171843-25-005972_exh_991.htm:29]** 
- Failure to approve the Restructuring Transactions could lead to the company halting operations or initiating insolvency proceedings.  **[1907184_0001171843-25-005972_exh_991.htm:26]** **[1907184_0001171843-25-005972_exh_991.htm:28]** 
- The proposed Reverse Split, at a ratio of **1-for-3.5**, aims to help the company maintain Nasdaq listing compliance, as its closing share price was **US$0.99** on September 16, 2025.  **[1907184_0001171843-25-005972_exh_991.htm:35]** 
- Following the Restructuring Transactions, **Whitebox** is expected to become a control person, beneficially owning approximately **32.69%** of the issued and outstanding Common Shares.  **[1907184_0001171843-25-005972_exh_991.htm:32]**

Electra Battery Materials Corp to Hold Special Meeting for Restructuring and Reverse Stock Split

- Electra Battery Materials Corporation announced amendments to its recapitalization and restructuring initiative, agreeing to convert approximately **US$41.3 million** of outstanding secured convertible notes, plus accrued interest, into approximately **55 million units** at a deemed exchange price of **US$0.75** per unit.  **[1907184_0001171843-25-005956_exh_991.htm:0]** 
- This conversion accounts for **60%** of the Company's convertible debt, reducing total debt under the Notes to approximately **US$27.5 million**.  **[1907184_0001171843-25-005956_exh_991.htm:0]**  The remaining **40%** of the Notes will be exchanged for a **new three-year term loan**.  **[1907184_0001171843-25-005956_exh_991.htm:0]** 
- As part of the new loan agreement, the Company will also issue a one-time bonus of **3,822,341 common shares** to the Lenders at a deemed issue price of **US$0.90** per share.  **[1907184_0001171843-25-005956_exh_991.htm:0]** 
- The revised exchange price of **US$0.75 per Unit** was adopted to comply with TSX Venture Exchange requirements, as a waiver for a lower price was not granted.  **[1907184_0001171843-25-005956_exh_991.htm:0]** 
- Completion of the Restructuring is contingent on definitive documentation, shareholder approval, and regulatory approvals, with the Transaction Effective Date required to occur prior to **October 21, 2025**.  **[1907184_0001171843-25-005956_exh_991.htm:0]** **[1907184_0001171843-25-005956_exh_992.htm:7]**

Electra Battery Materials Amends Debt Restructuring Terms

- Electra Battery Materials Corporation (ELBM) has announced amendments to its recapitalization and restructuring initiative, aiming to strengthen its balance sheet and facilitate the completion of North America's first battery-grade cobalt sulfate refinery.  **[1907184_0001171843-25-005935_exh_991.htm:0]** 
- Approximately **US$41.3 million** of outstanding secured convertible notes, plus accrued interest, will be converted into approximately **55 million units** of the Company at a deemed exchange price of **US$0.75** per unit.  **[1907184_0001171843-25-005935_exh_991.htm:0]**  This conversion will reduce the total debt under the Notes to approximately **US$27.5 million**.  **[1907184_0001171843-25-005935_exh_991.htm:0]** 
- The remaining **40%** of the Notes, plus interest, will be exchanged into a new **three-year term loan**.  **[1907184_0001171843-25-005935_exh_991.htm:0]**  Additionally, the Company will issue a one-time bonus of **3,822,341 common shares** to the lenders at a deemed issue price of **US$0.90 per Common Share**.  **[1907184_0001171843-25-005935_exh_991.htm:0]** 
- Each unit issued as part of the restructuring consists of one Common Share and one common share purchase warrant, with each warrant entitling the holder to purchase an additional Common Share at **US$1.25** per share for a period of 36 months.  **[1907184_0001171843-25-005935_exh_991.htm:0]**

Electra Battery Materials (ELBM)