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Bullboard - Stock Discussion Forum
Electra Battery Materials Corp
V.ELBM
Alternate Symbol(s):
ELBM
Metals & Mining
Industrial Metals & Minerals
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.
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TSXV:ELBM - Post Discussion
Electra Battery Materials Corp
> How much cash do we need to begin?
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PunjabiProdigy
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Post by
PunjabiProdigy
on Mar 24, 2021 6:07pm
How much cash do we need to begin?
And what happened to the financing of 10 million that was announced on feb23?
(88)
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Mathematiks
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Comment by
Mathematiks
on Mar 24, 2021 7:16pm
They did not announce $10MM of funding on Feb 23rd On Feb 22nd, they announced that they established an "ATM" program which means "at the market" - and means just that - They have authorization to sell 10 million dollars of equity directly to the market, at their discretion. Whether they will sell any or all of that equity remains to be seen. They may not sell any of
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