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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 kingkoopaon Jan 02, 2021 12:28am
299 Views
Post# 32208676

RE:RE:RE:RE:hello from the Big Guy.

RE:RE:RE:RE:hello from the Big Guy.Trent discussed how he is trying to get financing without diluting shares by carrying more debt. He has mentioned he has been talking with banks (most likely CIBC) for business loans. As mentioned before, Glencore is willing to lend up to 65 million which is more than enough to complete the refinery. The Canadian and Ontario governments already knew that Fcc will get the financing which is why they helped with their loans. A reverse stock split in my opinion is unlikely to occur until Fcc has been getting revenue from the refinery. For Fcc, a reverse split would be beneficial if they need to get listed to the big exchanges like Tsx, NYSE, Nasdaq etc.. and/or are trying to get big institutional money to invest in them. Big institutions want to see Fcc making money, paying off debts, growing the company, etc. and they don't like diluted companies so that time is when we could see a reverse split. I would like this discussion to keep going or if I'm wrong on something, please correct me. To all the longs in Fcc, we are just getting started.
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