Electra Battery Materials engages Altitude Capital Consultants

Electra Battery Materials Corporation has announced it has signed an advisory agreement with Altitude Capital Consultants Inc.., based in Toronto, Ontario, led by Canadian capital markets and investment banking experts Michael Wekerle and Gene McBurney. The partnership aims to support Electra’s plans to develop a North American battery materials supply chain.

“We are thrilled to work alongside Michael, Gene and the team at Altitude,” said Electra CEO, Trent Mell. “With their impressive track record of success, both as advisors and investors, we are confident we will benefit from their expertise and experience as we focus on our strategic plans to build North America’s battery materials supply chain.”

Michael Wekerle will be advising Electra Battery Materials as they advance their cobalt refinery project in Ontario. Wekerle says he believes that the project is positioned at the intersection of several trends: the global shift toward renewable energy, the increasing demand for critical minerals like cobalt, and the growth potential for small-cap companies in the resource sector.

Gene McBurney, who operates in the Canadian resource sector, emphasized the timeliness of the U.S. Department of Defense’s (DoD) investment in Electra Battery Materials’ Ontario-based cobalt project, and noted that Electra’s project aligns with North America’s broader push to secure a reliable and domestic supply chain for critical materials.

Altitude has been engaged for an initial term of twelve months, effective as of August 28, 2024. The Company has granted 1,000,000 incentive stock options to Altitude in accordance with its long-term incentive plan.