Electra Announces Voting Results of its 2024 Annual Meeting of Shareholders
August 13 2024 - 3:35PM
Business Wire
Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V:
ELBM) (“Electra” or the “Company”) today
announced voting results of its 2024 annual general and special
meeting of shareholders held today, August 13, in Toronto.
A total of 13,467,376 common shares in the capital of the
Company (“Common Shares”), or 23.6% of Electra’s issued and
outstanding Common Shares were represented in person or by proxy at
the meeting. Shareholders voted in favour of all items of business
put forth at the meeting, including the appointment of MNP LLP as
external auditors.
On a vote by ballot, each of the four director nominees listed
in the management circular were elected to serve until the next
annual meeting of shareholders or until their replacement is
named:
Nominee
Votes For
% of Votes For
Votes Against
% of Votes Against
Trent Mell
4,933,319
83.89%
947,188
16.11%
John Pollesel
5,388,410
91.63%
492,097
8.37%
CL “Butch” Otter
5,334,346
90.71%
546,161
9.29%
Susan Uthayakumar
5,379,182
91.47%
501,326
8.53%
2022 Amended and Restated LTIP
At the Meeting, shareholders also approved the 2022 amended and
restated LTIP (the “2022 Amended and Restated LTIP”). The
2022 Amended and Restated LTIP was last approved by shareholders on
October 24, 2023 and the LTIP Resolution does not amend the 2022
Amended and Restated LTIP, other than increasing the number of
awards issuable under the 2022 Amended and Restated LTIP from
3,000,000 Options to 5,719,847 Options; from 350,000 PSUs to
400,000 PSUs; from 350,000 RSUs to 500,000 RSUs; and from 400,000
DSUs to 700,000 DSUs, such that the maximum number of Common Shares
to be reserved for issuance under the 2022 Amended and Restated
LTIP be revised from 4,100,000 Common Shares to 7,319,847 Common
Shares.
ESP Plan
Shareholders also approved the Employee Share Purchase Plan for
the Company (the “ESP Plan”). The ESP Plan was last approved
by shareholders on October 24, 2023 and the ESP Plan Resolution
does not amend the ESP Plan. A maximum of 1,000,000 Common Shares
are reserved for issuance under the ESP Plan.
The 2022 Amended and Restated LTIP and ESP Plan were
conditionally approved by the TSX Venture Exchange (the
“TSXV”) on June 25, 2024 and remain subject to final
acceptance of the TSXV.
The Company’s full voting results at the meeting are available
on SEDAR+ at www.sedarplus.com.
About Electra Battery Materials
Electra is a processor of low-carbon, ethically-sourced battery
materials. Currently focused on developing North America’s only
cobalt sulfate refinery, Electra is executing a phased strategy to
onshore the electric vehicle supply chain and provide a North
American solution for EV battery materials refining. In addition to
building North America’s only cobalt sulfate refinery, its strategy
includes integrating black mass recycling, potential cobalt sulfate
processing in Bécancour, Quebec, and exploring nickel sulfate
production potential within North America. For more information,
please visit www.ElectraBMC.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20240813421702/en/
Heather Smiles Vice President, Investor Relations &
Corporate Development Electra Battery Materials info@ElectraBMC.com
1.416.900.3891
Electra Battery Materials (NASDAQ:ELBM)
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