Electra Battery Materials appoints David Stetson to board of directors

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) announced the appointment of David Stetson to its board of directors, according to a company press release.

Stetson served as CEO of Alpha Metallurgical Resources, where the company's market capitalization increased from $50 million to more than $4 billion during his tenure. He led the company through a restructuring that eliminated $800 million of debt before transitioning to chairman until his retirement in late 2024.

The executive also served on the board of Mallinckrodt Pharmaceuticals, where he chaired the Compliance and Corporate Governance Committee and helped reduce the company's debt while completing its merger with Endo Pharmaceuticals.

Stetson holds a Bachelor of Science degree from Murray State University, a juris doctorate from the Brandeis School of Law at the University of Louisville, and an MBA from the University of Notre Dame.

"His proven expertise in guiding companies through expansion and delivering sustainable, long-term value will be instrumental as we bolster our financial foundation," said John Pollesel, chair of Electra's board.

The appointment follows Electra's announced recapitalization process with holders of the company's senior secured convertible notes, designed to strengthen the balance sheet. Stetson is a board nominee of the lenders pursuant to bridge financing that provided $2 million in unsecured 90-day promissory notes at 12% interest.

Electra operates in North America's critical minerals supply chain for lithium-ion batteries and is developing what it describes as North America's only cobalt sulfate refinery.

You May Also Be Interested In

• ONE Nuclear Energy names CFO and nominates new board director
• Helus Pharma names chief people officer, adds CNS expert to advisory board
• QT Imaging reports 116% revenue jump in first half of 2026