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.

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Post by Skantor18on Nov 10, 2020 8:41am

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Post# 31868974

Watch out gentlemen

TSX.V: FCC | OTCQX:FTSSF

First Cobalt Provides Refinery Project Update

First Cobalt Corp. (TSX-V: FCC; OTCQX: FTSSF) (the "Company") today provided an update on commercial contracts and metallurgical test work relating to its cobalt refinery located in Ontario, Canada.

Highlights

First Cobalt and Glencore have agreed to discuss a long-term feed purchase contract rather than the tolling arrangement originally contemplated, providing First Cobalt greater leverage to the cobalt market by entering into offtake contracts with end users directly
The maturity date on the Company’s US$5 million loan with Glencore has been extended by one year to August 2022, which better aligns with refinery commissioning
Glencore continues to provide support to ensure a technically viable design of the plant and smooth commissioning
In order to secure a diversity of supply, First Cobalt will supplement any feed provided by Glencore with other sources of ethical cobalt
Bench scale testing of cobalt hydroxide feedstock from Glencore’s Katanga Operation (KCC) yielded recoveries in excess of 97%, significantly higher than the 93% recovery assumption in the Company’s May engineering study
Timelines for pilot plant completion and submission of permit amendments remain on track while discussions for government support are well advanc