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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 ElJon May 14, 2024 12:26am
242 Views
Post# 36038046

RE:New Press Release - Electra Provides Refinery Update and Files 2023 Financial Reports

RE:New Press Release - Electra Provides Refinery Update and Files 2023 Financial ReportsBBoard colleagues,
                                   The words that struck me with most impact in reading this Rerfinery Update were (direct extract):  
"Electra completed a re-baseline engineering report in the second quarter of 2023 to assess remaining refinery scope, construction schedule, and capital expenditures. The re-baseline engineering report estimated that the total capital costs are C$155 to C$167 million [Note inserted by ElJ... all previously published "news"], of which approximately C$85.6 million had been capitalized as of December 31, 2023."

Interpretation:   {$155 - 85.6 Million = 69.4 Million  to  167 - 85.6 Million = 81.4 Million} seems still required to finish and commission the Refinery...  the previously estimated Extra $60 Million seems to be creeping upwards... but of course the original Target- Refinery-Operating-Date major miss will be worth the wait, if it gets successfully commissioned at specified production rate sometime during year 2025. Management's past 3 years performance has not been encouraging,

Peace,
Good Decision-making to All,
ElJ  
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