Electrochemical oxygen evolution reaction (OER) activity was studied on nickel foam-based electrodes. The OER was investigated in 0.1 M NaOH solution at room temperature on as-received and Co- or Mo-modified Ni foam anodes. Corresponding values of charge-transfer resistance, exchange current-density for the OER and other electrochemical parameters for the examined Ni foam composites were recorded. The electrodeposition of Co or Mo on Ni foam base-materials resulted in a significant enhancement of the OER electrocatalytic activity. The quality and extent of Co, and Mo electrodeposition on Ni foam were characterized by means of scanning electron microscopy (SEM) and energy-dispersive X-ray spectroscopy (EDX) analysis.