Electra Battery Materials Corp V.ELBM

Alternate Symbol(s): ELBM

Metals & Mining Industrial Metals & Minerals

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

Electra Battery Materials Corp

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Comment by ThunderMeaton Dec 21, 2017 10:21am

102 Views

Post# 27204603

RE:RE:RE:RE:Refinery/Tailings

This was my mistake, it is ECS that will not be producing cobalt sulphate but cobalt concentrate

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1126-tsx/ecs/39258-ecobalt-solutions-provides-idaho-cobalt-project-optimization-update.html

Mr. Paul Farquharson, President and C.E.O. of the Company commented: "Consolidation of battery materials manufacturing in China to decrease cost and increase production capacity has reduced the premium in the price of cobalt sulphate over cobalt metal.

Due to these changing battery market dynamics, and in response to discussions with numerous potential offtake parties, the Company has determined that delivering a clean cobalt concentrate product is the fastest route to production, generation of cash-flows and reduction of price and technical risk to the project. A clean cobalt concentrate is an upstream material for battery cathodes compared to cobalt sulphate which would eliminate the requirement to build a full CPF, as reported in the September 27, 2017 Feasibility Study, which is expected to result in substantially reduced capital and operating cost for a more simplified flow sheet.

The significant incremental capital investment required to build a full CPF is not supported by the forecast price differential between cobalt concentrate and cobalt sulphate. Initial offtake terms received have indicated attractive pricing for the ICP's clean cobalt concentrate product due to the product's unique high cobalt content and medium to long term cobalt supply constraints resulting in a considerable improvement in project economics. We are very excited about this new path as it further de-risks the project and has the potential to significantly decrease total capital requirements. The Company's original project initiation timeline is not altered." He concluded; "Urgency among OEMs' to secure cobalt supply has driven the price of cobalt to US$30 per lb. which drives the desire for the ICP to achieve early production to deliver optimal value to its shareholders."

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