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Electra Battery Materials Corp. V.ELBM

Alternate Symbol(s):  ELBM

Electra is building North America’s only fully integrated, localized and environmentally sustainable battery materials park, which will host cobalt and nickel sulfate production plants, a large-scale lithium-ion battery recycling facility, and battery precursor materials production, to become a reliable supplier to both North American and global EV and battery supply chains.


TSXV:ELBM - Post by User

Comment by mining_pays_my_billson Apr 21, 2020 9:51am
160 Views
Post# 30933500

RE:RE:RE:RE:RE:Short term revenue

RE:RE:RE:RE:RE:Short term revenueWell, look at that :)  good find Waterfall. So arsenic not a big problem at their iron creek deposit in idaho. I've never read anything from FCC regarding the composition of the ore in Cobalt, Ontario, where the refinery is though. That may still be arsenic bearing, and thus provide poor feedstock. There is a historic problem in Cobalt with arsenic leaching into the waterways from mine tails in the area. 
As to Goldfather question about orice of Cobalt and GC's interest. I have no idea as to the target price of cobalt. Unlike gold which is driven by market instability (safe haven), cobalt is really driven by sentiment and supply/demand. It's not a particularly expensive ore to process, so i think even at current prices it's profitable. Glencore is the worlds major supplier so they have ability to somewhat clntrol price by metering their production and how much they release. If ethically sourced cobalt becomes the desire of autmakers like Tesla, then they will want to buy cobalt from north america, and from FCC. If glencore owns a stake, or even buys a controlling stake in FCC the  they can control the supply/demand ratio of ethically sourced cobalt in this part of the world, and already be the market leader. It's a very lucrative pissibility for a really low buy-in for them right now. 
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