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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

Comment by PETER100GSon Apr 23, 2022 12:05pm
299 Views
Post# 34626238

RE:Bad optics

RE:Bad opticsIt has been a long tough slog, for  ELBM to get to where it is today, particularly given the anemic business environment in Canada (aka difficult to raise capital). There seems to be general denial about the availability of battery grade materials (Li, Ni, graphite, Co), and lack of interest in the investment community to finance new mines. An enormous structural deficit is emerging in battery grade raw materials needed to supply the numerous battery giga factories being built to supply (just) the auto industry. This is forcing up prices to the point where the profit on spot price Li is nearing 90% (re: Benckmark Materials, Joe Lowry, and others) - contract prices are rising rapidly too.  My guess is big money will soon be moving into the materials space (right now only one dollar is being invested in bat. materials, for every ten dollars going into giga factories).  Small companies such as ELBM are low hanging acquisition fruit for a major such as Glencor. So, perhaps the CO got a juicy offer else where, or perhaps there was C Suite discord on what to do with the company moving forward.  Wouldn't be at all surprised to see ELMB acquired soon after commissioning, bearing in mind that physical assets for producing battery quality materials outside of China are few.
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