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Electra Battery Materials Corp V.ELBM

Alternate Symbol(s):  ELBM

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

Post by DoekeGoudaon Mar 04, 2021 11:27am
183 Views
Post# 32715130

Goatburner and OriginalTeddy thanks for contribution,repeat

Goatburner and OriginalTeddy thanks for contribution,repeat For sure the news of a contract with an EV manufacturer would be HUGE, you're not wrong there. I think depending on the manufacturer, that could easily surpass your .70-.80 guess. Once that's locked in, it would be a race for investors that want to jump in before First Cobalt hits the on switch to the refinery and start reaching it's potential. Killing two birds with one stone, a big name contract announcment could also encourage that last chunk of lending we need to complete financing. So it's exciting to think about, we just don't know how close that is. Could be next year or next week before a deal gets a signature.
So if the team at First Cobalt can keep everything on track and full steam ahead, it's just a matter of time.
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