HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: The FCC / Noront Connection...John Pollesel

Seems First Cobalt...Now renamed " Electra Battery Materials"...and Noront share something in common besides battery materials....John Pollesel. Who just so happens had a meeting recently with Premier Doug Ford; Dec. 1, 2021. I am sure they had a lot to talk about...Like Electra....Neskantaga...and YES...I am sure even Noront was mentioned...Wink, wink ;) Gee...Such a small world..Isn't it John.

TM.

JOHN POLLESEL
Chairman

John Pollesel has over 30 years of experience in mining and most recently was Senior Vice President, Mining at Finning Canada. He was previously COO and Director of Base Metals Operations for Vale's North Atlantic Operations, where he was responsible for the largest underground mining and metallurgical operations in Canada. Prior to this, he was Vice President and General Manager for Vale's Ontario Operations. He also served as the CFO for Compania Minera Antamina in Peru, responsible for executive management in one of the largest copper/zinc mining and milling operations in the world. John is currently leading a private company that is developing an international fertilizer mining operation and serves on the board of directors for North American Construction Group and Noront Resources Ltd.

From Trent Mall, CEO of Electra Battery Materials

Dear Stakeholders,
 
Yesterday we had the pleasure of meeting with Doug Ford, the Premier of Ontario, as well as Vic Fedeli (Minister of Economic Development, Job Creation and Trade), and Greg Rickford (Minister of Northern Development, Mines, Natural Resources and Forestry and Minister of Indigenous Affairs).
 
We discussed our plans to develop Electra’s Battery Materials Park, making Ontario the first location in North America to bring together battery grade nickel production, cobalt production, battery recycling and precursor manufacturing in one location. There is tremendous enthusiasm from the Government towards building Made-in-Ontario supply chains and we look forward to collaborating with Ontario on future initiatives towards this shared vision.

The Government of Ontario has been a tremendous partner for Electra and were early financial backers of our Refinery project. We are grateful to the Premier and his team for their ongoing support for the development of North America’s only permitted cobalt refinery which will have the lowest carbon footprint of any refinery anywhere in the world.
 
Electra is building North America's only fully integrated, localized and environmentally sustainable battery materials park. Leveraging the company's own mining assets and business partners, the Electra Battery Materials Park will host cobalt and nickel sulfate production plants, a large-scale lithium-ion battery recycling facility, and battery precursor materials production, which will serve both North American and global customers. Electra Battery Materials is an integral part of the North American battery supply chain, providing low-carbon, sustainable and traceable raw materials for the region's fast growing electric vehicle industry.

Trent Mell
Chief Executive Officer

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