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Electra Announces Nomination of Gerard Hueber, Rear Admiral, U.S. Navy (Retired) to Board of Directors

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Electra Battery Materials Corporation (NASDAQ: ELBM) has nominated Gerard Hueber, Rear Admiral, U.S. Navy (Retired), to its Board of Directors. Hueber brings extensive experience from his naval career and most recently served as Vice President of Naval Power Requirements and Capabilities at Raytheon, overseeing an $8 billion naval portfolio.

The nomination follows Electra's recently announced restructuring and recapitalization from August 21, 2025, and comes after the addition of David Stetson to the board. Hueber's appointment aims to strengthen the company's strategic position in delivering critical minerals for North America's energy security and reducing reliance on China.

Electra Battery Materials Corporation (NASDAQ: ELBM) ha nominato Gerard Hueber, retroammiraglio, U.S. Navy (in congedo), nel suo Consiglio di Amministrazione. Hueber porta con sé una vasta esperienza derivata dalla carriera navale e ha ricoperto più di recente il ruolo di Vice President of Naval Power Requirements and Capabilities presso Raytheon, dove ha gestito un portafoglio navale da 8 miliardi di dollari.

La nomina segue la ristrutturazione e la ricapitalizzazione annunciate da Electra il 21 agosto 2025 e arriva dopo l'ingresso di David Stetson nel consiglio. L'arruolamento di Hueber mira a rafforzare la posizione strategica dell'azienda nella fornitura di minerali critici per la sicurezza energetica del Nord America e a ridurre la dipendenza dalla Cina.

Electra Battery Materials Corporation (NASDAQ: ELBM) ha nombrado a Gerard Hueber, contraalmirante, U.S. Navy (retirado), en su Junta Directiva. Hueber aporta amplia experiencia de su trayectoria naval y, más recientemente, se desempeñó como Vice President of Naval Power Requirements and Capabilities en Raytheon, supervisando una cartera naval de 8.000 millones de dólares.

La nominación sigue a la reestructuración y recapitalización anunciadas por Electra el 21 de agosto de 2025 y se produce tras la incorporación de David Stetson al consejo. El nombramiento de Hueber tiene como objetivo fortalecer la posición estratégica de la compañía en el suministro de minerales críticos para la seguridad energética de Norteamérica y reducir la dependencia de China.

Electra Battery Materials Corporation (NASDAQ: ELBM)Gerard Hueber 예비역 미 해군 소장(Retired)을 이사회 이사로 지명했습니다. Hueber는 해군 경력에서 다진 폭넓은 경험을 보유하고 있으며, 최근에는 Raytheon에서 해군 전력 요구 및 역량 담당 부사장(Vice President of Naval Power Requirements and Capabilities)으로 근무하며 80억 달러 규모의 해군 포트폴리오를 총괄했습니다.

이번 지명은 Electra가 2025년 8월 21일 발표한 구조조정 및 자본 재편 이후 이루어진 것으로, David Stetson의 이사회 합류에 이은 조치입니다. Hueber의 임명은 북미의 에너지 안보를 위한 핵심 광물 공급 능력을 강화하고 중국에 대한 의존도를 낮추려는 회사의 전략적 입지를 공고히 하기 위한 것입니다.

Electra Battery Materials Corporation (NASDAQ: ELBM) a proposé Gerard Hueber, contre‑amiral de la U.S. Navy (retraité), pour son conseil d'administration. Hueber apporte une vaste expérience acquise au cours de sa carrière navale et a récemment occupé le poste de Vice President of Naval Power Requirements and Capabilities chez Raytheon, supervisant un portefeuille naval de 8 milliards de dollars.

Cette nomination fait suite à la restructuration et à la recapitalisation annoncées par Electra le 21 août 2025 et intervient après l'arrivée de David Stetson au conseil. La désignation de Hueber vise à renforcer la position stratégique de la société dans la fourniture de minéraux critiques pour la sécurité énergétique de l'Amérique du Nord et à réduire la dépendance vis‑à‑vis de la Chine.

Electra Battery Materials Corporation (NASDAQ: ELBM) hat Gerard Hueber, Rear Admiral, U.S. Navy (im Ruhestand), für seinen Vorstand nominiert. Hueber bringt umfangreiche Erfahrungen aus seiner Marinekarriere mit und war zuletzt Vice President of Naval Power Requirements and Capabilities bei Raytheon, wo er ein 8‑Milliarden‑Dollar‑Marineportfolio betreute.

Die Nominierung folgt auf Electras am 21. August 2025 bekannt gegebene Restrukturierung und Rekapitalisierung und erfolgt nach der Aufnahme von David Stetson in den Vorstand. Huebers Berufung soll die strategische Position des Unternehmens stärken, um kritische Mineralien für die Energiesicherheit Nordamerikas bereitzustellen und die Abhängigkeit von China zu verringern.

Positive
  • Addition of high-profile executive with extensive defense and strategic experience
  • Strengthening of board expertise in national security and supply chain resilience
  • Strategic alignment with company's focus on reducing Chinese dependence in critical minerals
Negative
  • Company is currently undergoing restructuring and recapitalization

TORONTO, Sept. 09, 2025 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today announces the nomination of Gerard Hueber, Rear Admiral, U.S. Navy (Retired) to its Board of Directors.

Gerard Hueber is a decorated naval leader and seasoned executive with decades of experience spanning the U.S. Navy and industry. Most recently, he served as the Vice President of Naval Power Requirements and Capabilities where he oversaw an $8 billion naval portfolio in Raytheon, a business in RTX, which is the world’s largest aerospace and defense company. In this role, he provided executive oversight of global teams, drove business development and strategy, and managed customer relationships with U.S. and international defense partners creating long-term value from customers, markets and relationships.

“Admiral Hueber’s distinguished career in the U.S. Navy and industry have provided him with invaluable perspective on the intersection of national security and industry,” said Trent Mell, CEO of Electra. “As Electra advances its mission to deliver the critical minerals that unlock energy security and supply chain resilience in North America, his insight will further support our strategy and strengthen our leadership team.”

“I am honored to be nominated to Electra’s Board and to join such a capable and committed team,” commented Hueber. “I look forward to contributing my experience in support of Electra’s strategy and long-term growth and working alongside my fellow directors to help the Company realize its full potential. Electra’s vision will onshore critical mineral supply chains, reduce reliance on China, and strengthen national and economic security. I am excited to play a part in that effort.”

“We look forward to welcoming Admiral Hueber to the Board,” said John Pollesel, Chair of Electra’s Board. “His depth of experience in national security, policy, and industry will complement the strengths of our Board and provide valuable insight as Electra pursues its strategy to deliver critical minerals for North America’s energy future.”

Hueber’s nomination follows the recent addition of David Stetson, further strengthening Electra’s Board with directors who bring additional strategic depth and operational expertise. Hueber’s insights into defense strategy and global supply chain resilience, combined with Mr. Stetson’s capital markets and restructuring experience, add accretive value to the Board as Electra advances its recently announced restructuring and recapitalization (August 21, 2025).

During his 30 plus years Navy career, Rear Admiral Hueber commanded Expeditionary Strike Group THREE, Destroyer Squadron EIGHTEEN and USS STETHEM (DDG 63). He led large and complex organizations, directed maritime security cooperation initiatives across Europe and Africa, and worked U.S. defense strategy in the Office of the Secretary of Defense. He spearheaded transformation efforts at the highest levels of the Navy and his leadership extended to state-level talks for maritime operations and ballistic missile defense, humanitarian assistance and disaster relief operations, global defense strategy, force structure and global force posture.

Hueber holds a Bachelor of Science from the United States Naval Academy and a Master of Arts in National Security and Strategic Studies from the U.S. Naval War College. He is also a Fellow of MIT’s Seminar XXI on Foreign Politics, International Relations and National Interest. Based in Alexandria, Virginia, he continues to advise organizations on defense, strategy, and leadership.

About Electra Battery Materials
Electra is a leader in advancing North America’s critical minerals supply chain for lithium-ion batteries. Currently focused on developing North America’s only cobalt sulfate refinery, Electra is executing a phased strategy to onshore critical minerals refining and reduce reliance on foreign supply chains. In addition to establishing the cobalt sulfate refinery, Electra’s strategy includes nickel refining and battery recycling. Growth projects include integrating black mass recycling at its existing refining complex, evaluating opportunities for cobalt production in Bécancour, Quebec, and exploring nickel sulfate production potential in North America. For more information, please visit www.ElectraBMC.com.

Contact
Heather Smiles
Vice President, Investor Relations & Corporate Development
Electra Battery Materials
info@ElectraBMC.com
1.416.900.3891

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.

Cautionary Note Regarding Forward-Looking Statements
This news release may contain forward-looking statements and forward-looking information (together, “forward-looking statements”) within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as “plans”, “expects”, “estimates”, “intends”, “anticipates”, “believes” or variations of such words, or statements that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “be achieved”. Forward-looking statements are based on certain assumptions, and involve risks, uncertainties and other factors that could cause actual results, performance, and opportunities to differ materially from those implied by such forward-looking statements. Among the bases for assumptions with respect to the potential for additional government funding are discussions and indications of support from government actors based on certain milestones being achieved. Factors that could cause actual results to differ materially from these forward-looking statements are set forth in the management discussion and analysis and other disclosures of risk factors for Electra Battery Materials Corporation, filed on SEDAR+ at www.sedarplus.com and with on EDGAR at www.sec.gov. Other factors that could lead actual results to differ materially include changes with respect to government or investor expectations or actions as compared to communicated intentions, and general macroeconomic and other trends that can affect levels of government or private investment. Although the Company believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.


FAQ

Who is Gerard Hueber and why was he nominated to Electra's (ELBM) board?

Gerard Hueber is a retired U.S. Navy Rear Admiral who most recently managed an $8 billion naval portfolio at Raytheon. He was nominated for his extensive experience in national security, defense strategy, and global supply chain resilience.

What recent changes has Electra Battery Materials (ELBM) made to its board?

Electra has recently added two new board members: Gerard Hueber and David Stetson, strengthening the board with expertise in defense strategy, capital markets, and restructuring.

What is Electra's (ELBM) current business strategy?

Electra is focused on delivering critical minerals for North America's energy future, aiming to onshore critical mineral supply chains and reduce reliance on China.

What is the significance of Electra's (ELBM) August 21, 2025 announcement?

On August 21, 2025, Electra announced a restructuring and recapitalization plan, which the new board appointments are intended to support.
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