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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 dothemathpeopleon Sep 22, 2021 9:43am
177 Views
Post# 33897670

RE:RE:RE:RE:RE:RE:RE:FCC Working Capital

RE:RE:RE:RE:RE:RE:RE:FCC Working Capital"Building cash" is easier said than done, ALOT has to happen, and happen positively...whats the deficit for FCC, cumulative, to date? When do you think they will have ANY cash flow? How far into their debt facilities would they be, at that point? "Choosing" is a luxury word FCC cannot rely on at this point, it seemed VERY difficult to secure that debt facility from Cantor Fiitzgerald; not exactly a top tier lender.  Adding value to the raw materials? Mined and processed in DRC, shipped as concentrate from the DRC, to Cobalt Ontario, for refining.  Where is the value again?  How is it built? The less than $50M in debt and equity financing, ALREADY done, will barely be adequate, as most times, more money is required.  That facility never really produced ANYTHING in it's 35 year existance, or do you not agree?  Drawing down on debt is a very slippery slope when there is no cash flow, and little prospect of their ever being any.  The bill for this build will be large, and the time it takes, more than likely also longer than expected.  All IMHAO.
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