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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Post by greenstar1on Jan 22, 2021 6:14pm

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Post# 32366076

RE: Bought deal financing this week

Now that FCC has about 1/3 the money required to expand the refinery and put it in into production, I would not be surprised if further significant dilution by share issuance would be required, at least in the near future. I hope the rest can be raised as a low in interest bank loan or loan from an EV or battery company. The current share price is the new floor, on which upcoming successes can be built.

Cheers

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Geologica Resource: Polymetallic upside at a depressed price