Latest news with #Electra
Yahoo
2 days ago
- Automotive
- Yahoo
General Motors future models 2025-35 (part 2)
We have seen it over and over and over: car companies get into serious trouble when cost cutters masquerading as leaders are promoted beyond their depth. They are usually eventually fired though sometimes move to a rival OEM and start the cycle anew. Not so at General Motors. Mary Barra is a calm, steady force, devoid of the oversized ego once seen as an essential for heading up a major car maker. Shareholders and boards of certain rivals to GM would do well to observe her closely, especially now that the world's number one and number two markets for vehicle sales are undergoing profound changes. Switch Auto Insurance and Save Today! Great Rates and Award-Winning Service The Insurance Savings You Expect Affordable Auto Insurance, Customized for You Under Barra and those she has put in place to lead GM's brands, the evolution of both Cadillac and Buick continues to be fascinating. This report examines some of the confirmed and likely next generation models being developed for the PRC and the USA. Buick Strong in China, Buick is a case study in how to move a brand not with, but ahead of where consumers are. The process is accelerating yet again, particularly in the PRC as the marque's parent learns from mistakes. Now there is a mix of IC-only and electrified vehicles, the latter grouped under an Electra sub-brand umbrella. The Electra L7 (pictured) is a 5,034 mm long fastback that's soon to be in production at an SAIC GM plant in Wuhan. Unlike certain cars in the size class, this one will have a range extender to supplement the energy stored in a relatively small battery. Official data remain under wraps but it is believed that the engine's capacity is 1.5 litres and that there will be two motors. Total power is said to be 374 kW (509 PS), while an EV should follow the launch of the EREV. SAIC General Motors is wise enough to know that it must not mess too much with its best-selling Buick family of models, namely the GL8 minivan/MPV. And while there are PHEV derivatives, spending on EVs has been modest with the results plain to see: the brand's number two and three most successful vehicles are also non-EVs. Chinese buyers also love their Buick sedans, as the success of the LaCrosse and Regal show, registrations being not too far behind those for the GL8 series. "What would BYD or Geely do?" While the Electra E5 does well, the Electra E4 seems to have missed the mark and it will be no surprise if SAIC GM kills it off soon-ish, just as the Chinese market's number one (BYD, wholesales up by 20% YoY in June) and number three (Geely: +85%) brands tend to do with their non-performers. If things seem good in China, there are alas major concerns about North America and the USA specifically. As questions about the very viability of GM Korea linger, this is making many analysts wonder what would happen to exports of the Encore GX and Envista. These two SUVs presently make up 50 per cent of Buick's US market line-up. What becomes of the imported-from-China Envision? There is also a concern about the Envision, the third Buick of three models made outside North America, in this case China. As at the time of publication, the US division had yet to announce a 2026 model year Envision. Only the Enclave is manufactured in America, the big crossover having been new for 2025, meaning it won't be due for a replacement until the early 2030s. Despite all the angst over what could happen to the brand in GM's home market, Buick's second quarter US sales expanded by 19 per cent (YoY) to a healthy 54,233 vehicles. For the year to the end of June, registrations rose by 29 per cent to 116,055 (1 Jan-30 Jun 2024: 89,830). This is especially interesting as of GM's four main brands, Buick alone still does not offer even one EV. Cadillac John Roth must be breathing some long sighs of relief lately, Cadillac's CEO heading up a GM division which has all but one of its models for North America manufactured in the USA (the Optiq hails from Mexico). What's more, the multiple additions to the line-up - and more are coming - keep bringing in not just new buyers but new generations of buyers. There is, as we know, an ongoing expansion of the brand's EVs but these are not yet the models which customers are flocking to. In China, the best seller remains the CT5, a sedan, followed by the XT5, XT4 and GT4 SUVs. After this group comes the Lyriq (electric-only), then the XT6 and CT6 with just 38 units of another EV, the Optiq, noted in wholesale data for June. As the division is launched in new markets, or returns to others after a long absence, Cadillac isn't forgetting North America; far from it. The brand has just enjoyed the best half of a calendar year in the USA from several decades (86,100 units), much of that inevitably thanks to the arrival of many new or updated SUVs. During the most recent quarter, EVs took more than 26 per cent of sales though the end of the Federal tax credit after September will be pulling forward many purchases. Second generation Escalade EVs in 2032/33 Starting at the top of the tree, the Escalade IQ and IQL full-size electric SUVs were new for the 2025 model year and so are not due to be refreshed until calendar 2029. Replacements should debut in 2032 or 2033. By then, lighter solid state batteries should feature. As for where the second generation will be made, it is too early to say for sure but Factory Zero could again be a strong possibility. The (non-electric) Escalade and Escalade ESV are different vehicles entirely and are also on separate life cycle timings. Which means that each is expected to have a successor as soon as 2027 (their mid-cycle facelifts happened in 2024). In a major change, they will no longer be manufactured at Arlington Assembly in Texas, the plant having been officially announced a few days ago: Orion Lake in Michigan. The platform is to be the same one as that of the next Chevy Silverado and GMC Sierra. Cadillac's L.O.V.E. naming strategy for E-SUVs Still with SUVs, the Optiq is Cadillac's smallest such electric model and has been around since 2024. The world debut of this 4.8 m long vehicle took place at Auto Guangzhou in November 2023. A facelift is due in about 18 months' time and a successor in 2030. Build of generation two would again be in both Wuhan and possibly Ramos Arizpe, though a US plant might take the place of the present Mexican one. Rising in size above the Optiq are the Lyriq and Vistiq. The second of these, a three-row electric SUV, is new for the 2026 model year, production having only commenced in February. It is built in Tennessee, the Spring Hill factory being the same one which makes the smaller Lyriq. The life cycle should be six/seven years, while the Lyriq, which is also manufactured in Shanghai, should have a successor in 2029 or 2030. Gasoline sedans doing well in China There is still quite a bit of demand for ICE Cadillac models, the XT5 being a great example. New for China only in September 2024, it might also have been exported to North America but for Donald Trump's tariffs. Part of the SAIC GM joint venture, this 4.9 m long SUV has a 169 kW 48V mild hybrid turbocharged 2.0-litre engine. It should be built in Shanghai for seven years with a facelift in 2027 or 2028. The replacement should be electric. Another IC-powered SUV which does well in China (and in this case, the US too) is the XT6. It was facelifted in November 2024 and so should be phased out in late 2027. However, US production is due to end on 26 November (2025), the same day as that of the XT5. North America's XT5 is not the same one which is made in China: it is an older generation. Celestiq to remain the sole electric Caddy car? There isn't really much in the way of news for future Cadillac cars. The CT4, built in Shanghai and Michigan, dates to 2019 and has no scheduled replacement, while the CT5 has been around for the same length of time and was facelifted in 2023. It should be discontinued in both China and North America in 2027. While there are rumours of BEV Prime platform electric sedans set to enter the size segments of today's CT4 and CT5, the one-time provisional launch date of 2026 for both seems increasingly unlikely."General Motors future models 2025-35 (part 2)" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Hindustan Times
5 days ago
- Automotive
- Hindustan Times
Norton Motorcycles teases debut model, to be showcased on November 4
Norton Motorcycles has plans to launch six new motorbikes by 2028. Notify me Norton Motorcycles, owned by India's TVS Motor Company, has officially teased a new motorcycle that will make its global debut on November 4, 2025. Likely, the motorbike will also be showcased at the EICMA show in Milan, Italy. This development marks the first time Norton has hinted at fresh product plans under its ongoing revival strategy. The teaser, shared on Norton's official Instagram handle, provides a close-up image showing the rear section of the upcoming motorcycle. The silver-painted bodywork reveals a horizontal taillamp positioned above what appear to be vent-like elements. The brand's message, 'Norton's resurgence! A new era begins," suggests this unveiling could signify a pivotal step in its comeback story. While the teaser does not specify which platform this motorcycle is based on, it is likely among the first models from Norton's new platform strategy. Given TVS Motor's intention to gradually rebuild Norton's brand presence, the company is expected to start its India operations towards the end of this year, with flagship models like the Norton V4SV. Also Read : TVS Motor working on new 450 cc motorcycle platform, shared with BMW and Norton Expected Norton bikes in India Norton Motorcycles previously confirmed plans to launch six new bikes within the next three years. In January 2025, Norton was reported to be developing two new motorcycle platforms, one expected to be between 350-450 cc, targeting markets such as India and other developing regions. The other will range from 600-650 cc, positioned as a global platform aimed at both Europe and premium international segments. The manufacturer recently registered the 'Electra' nameplate, according to a recent trademark filing. The Norton Electra joins the 'Combat' nameplate, which the company had previously trademarked in India. Both names hint at a new range of motorcycles coming from the brand for both domestic and international markets. There's no information on what the Electra will be. It's worth noting that the Electra nameplate has been largely associated with the Royal Enfield Bullet 350 as a variant. What we do know is that Norton intends to compete with Royal Enfield through its modern-classic models. Check out Upcoming Bikes In India. First Published Date: 18 Jul 2025, 13:44 pm IST
Axios
15-07-2025
- Science
- Axios
Purdue's plan to find Amelia Earhart's plane
A research team supported by Purdue University is spending its summer preparing for a fall expedition to bring Amelia Earhart's long-lost aircraft home. Why it matters: The disappearance of the iconic Boilermaker and her plane, the Electra, on July 2, 1937, remains one of the aviation world's most captivating mysteries. But this team says it may have cracked the code. Driving the news: On the 88th anniversary of Earhart's disappearance, Purdue Research Foundation (PRF) and the Archaeological Legacy Institute (ALI) announced a joint effort to recover the Electra from Nikumaroro Island in the South Pacific. The operation will confirm whether a visual anomaly seen in satellite imagery in the island's lagoon is actually the remains of the aircraft. Nikumaroro is approximately halfway between Australia and Hawaii. What they're saying:"What we have here is maybe the greatest opportunity ever to finally close the case," Richard Pettigrew, ALI's executive director, said in a statement. "With such a great amount of very strong evidence, we feel we have no choice but to move forward and hopefully return with proof." Flashback: Purdue president Edward Elliott recruited Earhart to work at Purdue in 1935 after growing concerned that women enrolled at the university were not completing their studies. Earhart lived in the then-new women's residence hall, served as a counselor and advised Purdue's aeronautical engineering department. Earhart planned to give the Electra to Purdue for further scientific research after piloting it to set a record for the longest-distance flight, but she never returned. Zoom in: The team is working on "a vast amount of circumstantial evidence" collected over the past 40 years that supports the idea that Earhart and her navigator, Fred Noonan, did not crash at sea as originally believed. Instead, they think the pair landed and ultimately perished on the uninhabited island. Among the evidence is a 2017 analysis of human bones discovered on the island in 1940 that determined Earhart's bone lengths were more similar to the discovered remains than 99% of individuals, supporting the conclusion that they belong to her. What's next: The expedition is slated to embark from Majuro in the Marshall Islands on Nov. 5, spend five days on Nikumaroro inspecting what they believe are pieces of the plane, and return to port on Nov. 21.
Metro
04-07-2025
- Science
- Metro
Truth behind Amelia Earhart's missing plane may have been solved
A team of researchers believe they may have found Amelia Earhart's missing plane 88 years after she mysteriously disappeared. American aviation pioneer Earhart and her navigator Fred Noonan vanished on July 2, 1937, while attempting to fly around the world. They had set off from New Guinea and were due to touch down on a coral islet in the Pacific called Howland Island to refuel, but they never made it. Despite several searches over the decades, and countless theories as to what happened, their plane was never found. But a team at Purdue University in Indiana now feels confident they have located the Model 10-E Electra aircraft at the bottom of the sea, off the small, remote Pacific island of Nikumaroro in Kiribati, almost 1,000 miles from Fiji. They said satellite imagery shows objects that they believe are theremains of the plane's tail, wing, and body sitting just metres from the shoreline. Artifacts from the 1930s and human bones had already been discovered on the island, which sits near Earhart's intended flight path. The island also matches the location where four of her distress calls were traced to. Richard Pettigrew, executive director of the Archaeological Legacy Institute (ALI) at Purdue, suspects Earhart and Noonan may have miscalculated and ended up on Nikumaroro Island instead of Howland Island, which lies further north. Speaking to WISH TV, he things Earhart carried out a 'successful landing on the reef with an intact aircraft'. 'I think it's likely Amelia was planning to be rescued, refueled, take off again and make it to Hawaii and continue on to California to complete her journey,' he added. 'We know there are radio transmissions from her for a period of about 4 or 5 days. She was basically sending out SOS.' The human bones, discovered on the island in 1940, were forensically analysed in 2017 and found to have dimensions that matched Earhart's bone lengths more closely than 99% of the population. The period specific artifacts meanwhile, included a woman's shoe, a compact case, a jar of freckle cream, and a medicine vial. A further clue supporting the theory that Earhart's journey ended on or near Nikumaroro, is a photo taken just three months after the disappearance that appears to show the plane's landing gear on the Nikumaroro reef. A satellite image from 2020 shows what looks like the same object, which is known as the Bevington Object, in the same spot decades later. A team from ALI began researching Earhart's disappearance that year. Speaking about the latest satellite discovery, ALI said in a statement: 'This object in the satellite images is exactly the right size to represent the fuselage and tail of the Electra. 'It also appears to be very reflective and is likely to be metallic.' The team, which is calling the object Taraia, are now launching a new mission, named the Taraia Object Expedition, which will be carried out in three phases over several years. The first phase will be an on-site examination of Nikumaroro, the second will include a full-scale archaeological excavation and the final phase aims to recover what's thought to be the aircraft remains. 'We believe that the result of this Phase-1 field examination will probably be the confirmation that the Taraia Object is indeed the Lockheed Electra aircraft,' the team shared. 'This work, then, is likely to solve one of the greatest mysteries of the 20th century.' Among previous missions to the island was that of well-known ocean explorer Robert Ballard, who was supported by National Geographic. He carried out a systematic search of the deep waters around Nikumaroro but found no trace of the plane. However, ALI researchers said this doesn't mean the aircraft is not there. 'The plane ending up in the deep water is not actually a likely scenario, given what we know about the prevailing winds and currents along the northwestern edge of the island,' they explained. In 2017, the International Group for Historic Aircraft Recovery (TIGHAR) searched the island using dogs that detected the scent of human remains, but no physical evidence was found. Earhart was born in Atchison, Kansas in 1987 to a father who was a railroad lawyer, but later suffered from alcoholism, leaving the family often struggling for money. She left junior college early to become a nurse's aid and helped care for soldiers wounded in World War I and later started a premed programme, but quit after her parents asked her to move back home California. It was there she took her first flight as a passenger in 1920 and was entranced immediately, saying:'As soon as I left the ground, I knew I had to fly.' She started taking lessons, bought her first plane and by 1922 became the first woman to fly at 14,000 feet. More Trending Earhart was chosen as the first female passenger to fly across the Atlantic in 1928, and became celebrity overnight. Then in 1932 she became the first woman, and second person ever, to fly solo nonstop across the Atlantic. It took her 15 hours, in which time she had to contend with mechanical issues, cold, tiredness and a drop of 3,000 feet on her descent. Despite the arduous journey, she gave herself another challenge, to fly solo nonstop across America, which she successfully completed in 19 hours and five minutes. Get in touch with our news team by emailing us at webnews@ For more stories like this, check our news page. MORE: Melania Trump joins Donald in welcoming Gaza hostage who was 'very important' to her MORE: What is Trump's 'Big, Beautiful Bill' and what does it mean for Americans? MORE: How one skeleton upended how historians view Ancient Egypt
Yahoo
03-07-2025
- Business
- Yahoo
Electra and Three Fires Group Advance Canada's First Indigenous-Led Battery Recycling Venture
TORONTO, June 12, 2025 (GLOBE NEWSWIRE) -- Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) ('Electra') and the Three Fires Group today announced significant progress on the Aki Battery Recycling joint venture, the first Indigenous-led lithium-ion battery recycling initiative in Canada. Aki is pioneering a low emission, circular solution for managing battery waste, strengthening domestic supply chains and reducing reliance on offshore processing. Since launching the joint venture in 2024, key milestones and strategic developments include: Formal establishment of Canada's first Indigenous-led lithium-ion battery recycling venture, with Reggie George appointed as President and Andre Marais as Director of Strategy & Corporate Development. Shortlisting of technology partners following site visits and comprehensive due diligence on advanced battery recycling platforms. Ongoing engagement with government partners to secure funding for a bankable feasibility study. Evaluation of prospective sites, with plans to co-locate or near-locate the facility alongside lithium-ion battery manufacturers and on or near First Nations lands to maximize regional impact. Integration with Electra's hydrometallurgical refinery, enabling local processing of black mass into battery-grade materials for OEMs, establishing a fully Canadian closed-loop supply chain. Under the Aki Battery Recycling joint venture, Three Fires Group and Electra have partnered to establish a First Nations-led lithium-ion battery recycling company. Aki will process lithium-ion battery end-of-life and manufacturing scrap in a state-of-the-art pre-processing facility to produce high-grade copper, aluminum, and steel products through a battery pack and module dismantling process. The remaining material is then put through a shredding process to generate a high value intermediate product known as black mass. Black mass contains critical minerals such as lithium, nickel, cobalt, manganese and graphite, which can be separated into saleable products through a subsequent refining process. Black mass from the pre-processing facility will be processed at Electra's hydrometallurgical refinery north of Toronto and then returned to battery manufacturers to establish a localized closed-loop supply chain. Reggie George has been appointed President of Aki, bringing more than a decade of experience in project management and capital raising. Mr. George is a member of Kettle and Stony Point First Nation and has an accomplished track record with startups in emerging technologies. Through his work with the Three Fires Group, Mr. George has been involved in more than C$3 billion in infrastructure and development projects in Ontario. Andre Marais has been appointed Director of Strategy & Corporate Development for Aki, bringing more than 15 years of experience encompassing both technical and commercial roles. At the heart of Aki Battery Recycling is a commitment to Indigenous economic participation in the growing battery supply chain. The joint venture reflects a shared vision to create meaningful, long-term benefits for First Nations communities while pursuing innovation to enhance the sustainability of the critical minerals supply chain. 'First Nations participation in Canada's emerging clean energy economy is essential,' said Reggie George, President of Aki. 'The Aki partnership is rooted in mutual respect, shared benefit, and environmental accountability. 'Lithium-ion battery recycling aligns with traditional values of stewardship and responsibility for the land,' George continued. 'By reclaiming materials and minimizing waste, Aki embodies a regenerative model of economic growth that supports both people and planet. Through this venture, we are creating long-term opportunities, reclaiming ownership over our resources, and building an economy that is both clean and culturally grounded.' Three Fires Group will lead capital sourcing efforts and site selection for a state-of-the-art, environmentally friendly recycling facility in Southern Ontario. Electra's contribution includes technical and commercial expertise as well as a refining solution to ensure that critical minerals from recycled batteries remain in the domestic supply chain. Aki's pre-processing facility is designed for scalability and replication, with plans to expand operations in step with the growing demand for lithium-ion battery recycling. In its initial phase, the proposed facility will recycle enough lithium-ion battery scrap to supply up to 100,000 new electric vehicles each year. 'Ontario currently has no battery recycling capabilities, even as projections show the province could generate up to 30,000 tonnes of battery scrap annually by 2030,' said Andre Marais, Director of Strategy & Corporate Development. 'By aligning recycling capacity growth with gigafactory expansion, Aki addresses a critical supply chain gap and positions Ontario as a leader in the responsible recovery of battery materials essential to the energy transition.' Aki has established a shortlist of technology partners aligned with a commitment to low-emissions processing and high-quality black mass production. Site selection is also advancing, with a focus on a limited number of locations in Southern Ontario near emerging gigafactories, maximizing proximity to key customers and economic benefits for surrounding communities. Building on the joint venture's initial scoping study, Aki is now engaged in discussions with government partners to secure funding for a bankable feasibility study on the pre-processing facility. The project is well-aligned with several Canadian funding streams, including regional economic development programs and Indigenous loan guarantee programs at both the federal and provincial levels, many of which prioritize clean technology and Indigenous-led infrastructure. Electra's hydrometallurgical refinery north of Toronto will process black mass produced by Aki, which is anticipated to result in one of the lowest carbon footprint recycling supply chains in the world. The black mass will be treated using Electra's proprietary process to recover critical minerals that can be reintroduced into the battery supply chain. 'The integration of Aki's upstream black mass production with Electra's downstream hydrometallurgical refining creates a vertically aligned, closed-loop system optimized for efficiency, traceability, and material recovery,' commented Dr. George Puvvada, Technology Adviser to Aki Battery Recycling. 'This alignment ensures feedstock consistency and process compatibility, enabling the higher recoveries of battery-grade materials that meet OEM specifications for reintegration into North American cell production.' Unlike most other North American pre-processing facilities, Aki will operate predominantly on a tolling fee basis through long-term contracts. This creates a strong alignment of interests with battery manufacturers and ensures that Aki achieves a consistent return, independent of commodity prices. 'The current bidding model for battery scrap widely used in North America is unsustainable,' said Michael Insulan, Vice President, Commercial, at Electra. 'Offshore recyclers backed by deep pockets and government subsidies can outbid domestic players, undermining competition and market efficiency. In contrast, long-term tolling agreements offer a more stable and scalable alternative, providing predictability in feedstock volume and composition, and enabling greater operational efficiency over time.' Currently, it is estimated that the vast majority of black mass produced in North America is exported to China, directly or indirectly, where it is processed into battery-grade materials for Asian supply chains. The circular relationship between Aki and Electra will strengthen Canada's capacity to retain and reuse critical minerals, supporting domestic industrial growth. This is not only aligned with stated Canadian economic growth policies but also serves to reduce carbon emissions related to the transportation of materials to and from Asia. 'The Aki venture has rapidly advanced from vision to execution,' Reggie George concluded. 'We are building something that addresses both economic and environmental imperatives, while also putting Indigenous leadership at the center of the clean energy transition.' About Aki Battery Recycling Aki Battery Recycling, a joint venture between the Three Fires Group and Electra Battery Materials, is dedicated to advancing lithium-ion battery scrap and waste recycling in North America. Located in Southwestern Ontario, on the treaty territory of the Confederacy of the Three Fires, we are leveraging our partners' expertise to create sustainable solutions that recover valuable materials from end-of-life batteries and scrap. Aki will shred batteries and scrap at a pre-treatment facility, producing a mix of materials including black mass rich in lithium, nickel, cobalt, and other critical minerals. This black mass can then be sold to Electra for further processing into valuable products for the EV battery supply chain. Aki Battery Recycling is committed to driving the circular economy and fostering a cleaner, greener future. To learn more, visit About the Three Fires Group The Three Fires Group is focused on generating wealth and prosperity from economic and infrastructure opportunities for current and future generations. Through its Climate Action Investment Policy, the Three Fires Group supports First Nation investments in non-fossil fuel, clean energy projects generally aligned with the government of Ontario's energy supply acquisition strategy, inclusive of "behind-the-meter" generation and storage. The Three Fires Group provided technical and investment assistance for the recently announced Three Fires Nations-Ontario Southwestern Ontario Infrastructure and Economic Opportunities Table - a joint Crown-Indigenous effort to develop clean energy infrastructure in Southern Ontario, including investments to build Ontario's first large-scale electric vehicle battery manufacturing plants, five new regional transmission lines, and a forthcoming fleet of battery energy storage systems. For more information about the Three Fires Group, please visit: 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 Contacts Andre MaraisDirector, Strategy & Corporate DevelopmentAki Battery Recyclingamarais@ Reggie George, President, AkiExecutive Director, Special Projects and PartnershipsThree Fires Heather SmilesVice President, Investor Relations & Corporate DevelopmentElectra Battery MaterialsInfo@ 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 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 and on EDGAR at 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. 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