On October 15, 2025, Electra Battery Materials Corporation held a special meeting of shareholders in Toronto, during which all seven nominees were elected to the company’s Board of Directors. The newly elected directors include former National Security and Intelligence Advisor Jody Thomas, retired U.S. Navy Rear Admiral Gerard Hueber, and former Alpha Metallurgical Resources CEO David Stetson, who was appointed Chair of the Board, succeeding John Pollesel as Lead Director.
The meeting also approved a series of restructuring transactions that the company had previously announced, including the conversion of outstanding convertible notes and the creation of a control person for the company. In addition, shareholders authorized an amendment to the company’s articles to complete a reverse stock split at a ratio of one post‑split share for up to three‑and‑a‑half pre‑split shares.
These corporate actions are material because they reshape Electra’s governance structure, strengthen its capital base, and provide a clearer path for the company’s ongoing transformation into a leading North American supplier of critical battery materials. The board’s new composition brings national‑security insight, industrial leadership, and restructuring experience, positioning the company to navigate its next phase of growth and capital‑raising activities.
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