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Electra Battery Materials Corp V.ELBM

Alternate Symbol(s):  ELBM

Electra Battery Materials Corporation is a Canada-based processor of low-carbon, ethically sourced battery materials. The Company is focused on building a supply of cobalt, nickel and recycled battery materials. It is engaged in the business of battery materials refining, including refining material from mining operations and from the recycling of battery scrap and end of life batteries. It owns two main assets: the refinery located in Ontario, Canada and the Iron Creek cobalt-copper project located in Idaho, United States. Its projects include Ontario Refinery, Recycling, Becancour, North American Nickel and Iron Creek. It is in the process of constructing its expanded hydrometallurgical cobalt refinery, assessing the various optimizations and modular growth scenarios for a recycled battery material (known as black mass) program, and exploring and developing its mineral properties. The Iron Creek Project consists of mining patents and exploration claims over an area of 3,300 hectares.


TSXV:ELBM - Post by User

Comment by copperisgold7on Jun 07, 2006 9:34am
129 Views
Post# 10956258

RE: See Lionore board - breaking news

RE: See Lionore board - breaking newsI believe we have now had the third bounce off $3.25 of late. As I am not a technician, I can't tell you what that means (though it does remind me of those bounces off $1.30 before finaling breaking and holding $1.50/pound). What I can tell you is that spot copper averages $3.25 for the year, AUR's selling price with their LME premium would be north of $3.30/pound. From the chart at the AGM it was noted that for each 5 cents over $2.50/pound AUR would earn an additional 7 cents/share to earnings of $2.42. At $3.30, AUR would be on track for earnings north of $3.54/share with cashflow near $5/share and NET CASH in the bank at year end north of $6/share.
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