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  • First Cobalt (FCC) is expanding to provide battery-grade nickel and cobalt, recycled battery materials and precursor material to the North American supply chain
  • The new business model would provide North American automakers with access to a secure domestic source of low carbon raw materials
  • First Cobalt Corp. has announced that it will change its name to Electra Battery Materials Corporation
  • Electra is building North America’s only fully integrated, localized and environmentally sustainable battery materials park
  • Trent Mell, President & CEO of First Cobalt Corp. sat down with Dave Jackson to discuss the company’s initiatives
  • First Cobalt Corp. (FCC) opened trading at C$0.35 per share

First Cobalt (FCC) is expanding to provide battery-grade nickel and cobalt, recycled battery materials and precursor material to the North American supply chain.

The new business model would result in the creation of the only battery materials park on the continent, providing North American automakers with direct access to a secure domestic source of low carbon raw materials.

In other news, First Cobalt Corp. has announced that it will change its name to Electra Battery Materials Corporation. The name change, which remains subject to shareholder approval, better reflects the strategic positioning and more clearly communicates the company’s long-term value proposition for customers, investors and other stakeholders.

Trent Mell, President & CEO of First Cobalt Corp. sat down with Dave Jackson to discuss the company’s initiatives.

“Globalization has created an electric vehicle supply chain that is too long, too costly and increasingly unreliable,” said Trent. “Our automaker clients have a strong interest in greater localization of the upstream supply chain to achieve greater reliability, security of long-term supply, and a lower carbon footprint. With the continent’s rich mineral endowment, the rationale for supplying battery materials through Asia into a growing U.S. EV market is not sustainable. Electra will act as a bridge between North American electric vehicles and a North American source of primary and recycled material, providing a low carbon solution for zero-emission vehicles.

“We see serious strains in the automotive supply chain and we are still in the early innings of EV adoption. Beneath the surface are several other factors that are of concern, including carbon emissions associated with the current supply chain, resource nationalism, geopolitics and a race to secure raw material to power the vehicles of tomorrow.”

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.

First Cobalt Corp. (FCC) opened trading at C$0.35 per share.

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