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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

Post by Goatburneron Jan 26, 2021 1:42am
251 Views
Post# 32384921

A flat day today

A flat day todayGood morning all. A lackluster kind of day. Heard a lot of people complaining about dilution today. I would like to hear some of the thoughts people here have on how to get the refinery started without issuing shares to corporate investors who are providing financing to get the refinery up and running. New infrastructure to expand the capacity at the refinery must be done and yes that cost money. I imagine some of you people that complain about dilution are thinking - maybe we could have a bottle drive, we can all get newspaper routes. Maybe even develop 50/50 draws to raise money - sorry guys that just not going to cut it. Of course I'm being sarcastic here and smiling as I write this But the fact of the matter is, there's a very big upside to issuing more shares to invest in infrastructure at the refinery. The more along the road we get the more potential investment money we get and the refinery and first Cobalt corporation becomes more valuable and the price of the stock rises. In my humble opinion, Trent Mel is right on track. He owns about 2 million shares and has a track record of success. Best wishes all.
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