Electra Battery Materials Corp. V.ELBM

Alternate Symbol(s): ELBM

Metals & Mining Industrial Metals & Minerals

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.

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Electra Battery Materials Corp. > August news

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Post by Marshallon Jul 30, 2020 12:49pm

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Post# 31344618

August news

From the latest release

HIGHLIGHTS

Intention to move directly to an expansion scenario and conduct pilot plant work at third party facilities, saving millions of dollars and generating stronger returns for shareholders. I still believe this to be Tesla.
Optimization studies for the Refinery Project are advancing, with significant opportunities identified to lower operating costs. BASF have been very agressive positioning themselves in the cobalt market and could offer a lot of help here so who knows....
Financing discussions are entering phase two, with proposals under review with First Cobalt financial advisor CIBC. Looking forward to the next update. A lot of possible players. I'm hoping FC don't box themselves in by putting too many eggs in one basket. Flexibity to move forward in the future should be a consideration.