Electra Battery Materials Corporation (TSX-V:ELBM, NASDAQ:ELBM) announced the appointment of Joseph (Joe) Racanelli, a 20-year capital markets veteran, as Vice President of Investor Relations.
Working closely with CEO Trent Mell, the company said Racanelli will oversee its engagement with shareholders and the investment community, helping to raise the profile and visibility of the company’s vision to become the premier materials park. fully integrated battery system in North America for the electric vehicle industry.
“Joe brings extensive experience with sell-side and buy-side equity analysts, deep knowledge of financial markets and a strong network of mining relationships,” Mell said in a statement. “His strategic communication and analytical skills will be a great asset as we strengthen and build awareness of the Electra brand with our large and diverse community of stakeholders.”
READ: Electra Battery Materials updates ATM equity program to raise up to C$20m for growth and exploration initiatives
Prior to his appointment, the company noted that Racanelli served as director of investor relations with a major multinational leader in the mining and refining of nickel and cobalt from laterite ores.
In addition, he has over 20 years of experience in investor relations, marketing and corporate communications. Previously, he led the Resources, Commodities and Industry practice of Canada’s largest capital markets advisory firm, providing strategic capital markets advice to senior management of various small and mid capitalization companies.
Over the years, the company said Racanelli has led communication efforts for complex financial transactions, helped five companies go public, scheduled more than 500 road meetings and built strong relationships with buy-side and sell-side contacts. in the whole world. He is a frequent speaker on IR issues and topics.
“Electra is at an important inflection point and I am excited to join the company at this stage of its growth,” added Racanelli. “With a number of milestones and catalysts ahead, Electra is well on its way to executing its strategic plan to become the world’s most sustainable battery materials company.”
The company also announced that, pursuant to its long-term incentive plan, it has granted incentive stock options to purchase a total of 350,000 pre-consolidation shares of Electra common stock exercisable at the closing price. from the day before of $4.63 for a period of five years.
The stock options will vest in three equal installments on the first, second and third anniversaries of the grant date. The long-term incentive grants are a key retention and incentive tool for key employees and new hires and remain subject to TSX Venture Exchange approval, the company said.
It also issued 39,500 restricted stock units (RSUs) to the owner’s team exercisable at the previous day’s closing price of $4.63 as part of a retention plan that will see the project go into in service. The RSUs will vest on August 1, 2022 and January 1, 2023.
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