ELECTRA

Electra Expands Leadership Team With Head of Communications and Policy

Retrieved on: 
Wednesday, May 1, 2024

Electra , a clean iron company, welcomes its first Head of Communications and Policy, Kellyn Blossom.

Key Points: 
  • Electra , a clean iron company, welcomes its first Head of Communications and Policy, Kellyn Blossom.
  • “Following a year of record growth for Electra, we need to expand our team of experienced leaders as we continue to advance on our path to decarbonizing ironmaking.
  • Kellyn’s track record of leading innovative technology policy makes her an invaluable addition,” said Sandeep Nijhawan, CEO and co-founder of Electra.
  • She brings experience in technology startups including building policy and communications teams at Zipline, Thumbtack and Uber.

U.S. Navy Selects Electra to Design Ship-Based eSTOL Logistics Aircraft

Retrieved on: 
Wednesday, April 24, 2024

Electra's eSTOL has the right capabilities to help the Navy address next-generation aviation logistics challenges.

Key Points: 
  • Electra's eSTOL has the right capabilities to help the Navy address next-generation aviation logistics challenges.
  • In this study, Electra will work with Navy stakeholders to define specific contested logistics use cases and conduct a conceptual design study to evaluate how its hybrid-electric eSTOL aircraft can address unique Navy capability gaps.
  • "Electra's eSTOL has all the right technology-enabled capabilities to help the Navy address next-generation aviation logistics challenges.
  • These are all gamechangers for force modernization initiatives within the Navy and Marine Corps."

U.S. Army Awards Electra $1.9 Million Contract for Powered Wind Tunnel Test of Contested Logistics eSTOL Aircraft

Retrieved on: 
Thursday, April 18, 2024

The award enables the U.S. Army to explore Electra's unique blown wing aircraft technology potential to broaden U.S. military capabilities, especially for fuel-efficient, resilient logistics in contested environments.

Key Points: 
  • The award enables the U.S. Army to explore Electra's unique blown wing aircraft technology potential to broaden U.S. military capabilities, especially for fuel-efficient, resilient logistics in contested environments.
  • Electra's esTOL aircraft can broaden U.S. military capabilities for fuel-efficient logistics in contested environments.
  • Electra's eSTOL represents a new category of aircraft capability, combining helicopter-like operational flexibility with superior fixed wing-like performance and operating costs.
  • These wind tunnel tests, combined with ground tests and the ongoing flight test program of Electra's eSTOL technology demonstrator aircraft, will be used to help guide the design and development of Electra's production aircraft.

Electra and Eurasian Resources Group Sign Cobalt Supply Agreement

Retrieved on: 
Tuesday, April 2, 2024

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, “Company”) and Eurasian Resources Group S.A.R.L.

Key Points: 
  • Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, “Company”) and Eurasian Resources Group S.A.R.L.
  • (“ERG”), a leading diversified natural resources group headquartered in Luxembourg, announced today that they have signed a binding letter of intent for long-term supply of ERG’s cobalt hydroxide to North America’s first battery grade cobalt sulfate refinery.
  • The agreement, effective April 1, 2024, supports efforts to onshore the battery supply chain and reduce reliance on foreign refiners.
  • Electra and ERG are exploring further collaboration to de-risk the construction of another cobalt refinery in the Bécancour, Quebec district.

Electra Launches Pilot Plant to Advance Commercialization of Sustainable Clean Iron Production

Retrieved on: 
Wednesday, March 27, 2024

Electra , a clean iron company, today announced the commissioning of its Pilot plant in Boulder, Colorado.

Key Points: 
  • Electra , a clean iron company, today announced the commissioning of its Pilot plant in Boulder, Colorado.
  • The Pilot is designed to produce clean iron in approximately 1-meter square plates, and we are increasing capacity in a phased approach to validate modularity.
  • By repeatedly connecting the iron plates already demonstrated at the Pilot scale, the plant capacity is increased to millions of tonnes of iron production at the commercial scale.
  • BHP, a leading seaborne iron ore supplier to the steel industry and an Electra investor, supplied the iron ores for this Pilot.

EVE-Ai 360 - The EV Battery's Personal Trainer Revolutionizes Battery Care

Retrieved on: 
Tuesday, March 12, 2024

EVE-Ai 360 adapts to your EV battery like a trainer to your workout routine.

Key Points: 
  • EVE-Ai 360 adapts to your EV battery like a trainer to your workout routine.
  • Like a fitness trainer who designs a plan tailored to your lifestyle, EVE-Ai 360 deeply understands your EV battery's needs.
  • EVE-Ai 360 is not just a battery management system; it is a personal trainer for your EV battery, considering both the present and predictive care for its optimal performance.
  • Electra invites you to embrace the future of battery care with EVE-Ai 360, ensuring your EV battery's robust health and efficiency.

Surf Air Mobility and Electra Enter Bilateral Agreement to Bring eSTOL Aircraft to Market, Incorporate Surf Air Technology into Joint Systems, and Create Leasing Partnership

Retrieved on: 
Thursday, February 15, 2024

Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”, “Surf Air”), a leading green regional air mobility platform, and Electra.aero Inc. (“Electra”), a next-gen aerospace company, have joined forces to introduce affordable, sustainable, and easily accessible regional air travel to a broad customer base leveraging Electra’s hybrid-electric short takeoff and landing (eSTOL) aircraft on Surf Air’s technology-driven, on-demand air mobility platform, and through Surf Air’s Aircraft-as-a-Service (ACaaS) offering to air operators.

Key Points: 
  • Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”, “Surf Air”), a leading green regional air mobility platform, and Electra.aero Inc. (“Electra”), a next-gen aerospace company, have joined forces to introduce affordable, sustainable, and easily accessible regional air travel to a broad customer base leveraging Electra’s hybrid-electric short takeoff and landing (eSTOL) aircraft on Surf Air’s technology-driven, on-demand air mobility platform, and through Surf Air’s Aircraft-as-a-Service (ACaaS) offering to air operators.
  • The agreement between Surf Air and Electra highlights several key points of collaboration:
    Surf Air, its data services partner(s), and Electra will collaborate on the development of predictive analytics systems to reduce overall operating costs and streamline operations.
  • “Electra stands out as one of the early market leaders in regional air mobility, and we’re excited to bring them onto our platform.
  • “Through our air mobility platform and our Aircraft-as-a-Service program, we believe we can accelerate Electra’s eSTOL aircraft time to market.”

Electra Receives $5 Million Grant from Government of Canada to Support the Development of the North American Electric Vehicle Supply Chain

Retrieved on: 
Friday, February 9, 2024

The investment will be provided in the form of a grant from the Federal Economic Development Initiative for Northern Ontario (FedNor).

Key Points: 
  • The investment will be provided in the form of a grant from the Federal Economic Development Initiative for Northern Ontario (FedNor).
  • “Canada has surpassed China as the top jurisdiction in the global battery supply chain, given its strength in raw materials mining and processing,” said Trent Mell, Electra’s CEO.
  • “Today’s announcement from the Government of Canada’s demonstrates its continued commitment to building a strong, domestic EV supply chain.
  • Anthony Rota, Member of Parliament for Nipissing-Timiskaming, said “The Government of Canada, through FedNor, is working hard to expand the electric vehicle supply chain right here in Northern Ontario.

Electra Provides Update on Black Mass Recycling

Retrieved on: 
Monday, February 5, 2024

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company) today provided an update on its battery materials recycling trial taking place at the Ontario refinery complex.

Key Points: 
  • Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company) today provided an update on its battery materials recycling trial taking place at the Ontario refinery complex.
  • Electra launched a black mass trial late in 2022 at its Ontario refinery complex to recover critical minerals from black mass in shredded lithium-ion batteries and successfully operated this demonstration process throughout 2023 on a semi-continuous basis to maximize product recoveries.
  • Additional Black Mass Program Highlights:
    Electra has processed 40 tonnes of black mass material in a plant scale setting, believed to be the first of its kind in North America.
  • Black mass contains high-value elements, including lithium, nickel, cobalt, manganese, copper, and graphite, that once recovered, can be recycled to produce new lithium-ion batteries.

Electra Appoints Heather Smiles as Vice President, Investor Relations & Corporate Development

Retrieved on: 
Monday, January 15, 2024

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce the appointment of Heather Smiles as Vice President, Investor Relations and Corporate Development.

Key Points: 
  • Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) is pleased to announce the appointment of Heather Smiles as Vice President, Investor Relations and Corporate Development.
  • Heather previously served as Director, Investor Relations for Electra until 2019.
  • “We have reconfigured the leadership team with a focus on the bench strength required to transition the Company from developer to operator.
  • She has previously worked with global metals and mining companies including Electra, Baffinland Iron Mines, and Golden Star Resources.