Electra Battery Materials Corp. V.ELBM

Alternate Symbol(s): ELBM

Metals & Mining Industrial Metals & Minerals

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

Electra Battery Materials Corp. > Down we go

<< Previous

Bullboard Posts

Next >>

Comment by dothemathpeopleon Jul 05, 2023 7:58am

82 Views

Post# 35526909

RE:RE:RE:RE:RE:RE:RE:Down we go

This news is irrelevant in the grand scheme of ELBM. The why is because maybe cobalt was severely oversold? Most of the commodities on the board have experienced a boost in price appreciation over the past 3-6 months. Cobalt is still down close to 50% YOY, despite the recent 13% rise this month.

ELBM doesn;t really do cobalt tho, do they? i mean, there is Idaho but...thats 10 years form anything, probably longer. Will cobalt still be relevant in the battery and tech space at that point? Hmmm.

The spot price of cobalt matters little to none for ELBM. They will never mine anything, cept for corporate finance money and massive debt.

The entrie executive team STILL needs to be replaced. Every one of them.

<< Previous

Bullboard Posts

Next >>

Silvercorp to expand into Ecuador with C$200M Adventus acquisition