Electra Battery Materials Corp. V.ELBM

Finally!!!

[Crazy_Nick]

https://www.firstcobalt.com/news/news/first-cobalt-announces-financing-for-construction-of-north-american-battery-materials-refinery

[Invision3]

Amazing news.  Any quesses on what it will open at? 

[Fislan]

indicating. 31 but I suspect it will fly another 10% by Eod.

[Skantor18]

This will reach new highs when halt is lifted.  Possibly Tuesday at 9:30 am.  Thank you Thank you FCC and it's Directors!! 

[Goldfather]

$37.7 Mil from financier Cantor-Fitzgerald -- Closes 9/1/21 at 6.9%. ...sounds good w/o reading all the fine print. Comments from our finance experts here ? Thanks. 

[Capitalista]

The share offering is about 6.2% dilutive (BOTE calculation) which isn't too bad.  The notes offering is fully subscribed, and at 7% is a screaming deal for this type of transaction.  I just hope they can make the 2026 deadline.   I guess the banks mustn't have liked the risk profile.  

[Goldfather]

--Captain wrote- I guess the banks mustn't have liked the risk profile.-- - you also say it's a screaming deal for this type. ....... what do you mean  banks didn't like ??  

[Capitalista]

I work in infrastructure development (ports, railways, etc).  A fully de-risked project (already built and with revenue coming in) would sell for an annualized income of 3% or so.  A non-de-risked project (not designed or built yet) could require an IRR up to about 25% or so for investors.  The range in between is where the risk/reward calculation determines the return.  I

[Goldfather]

Thanks Captain.,,Yes 6.9% sounds great. Thanks for that clarification 

[Goldfather]

Oops... meant Thanks Capitalista. : )  ...great info on financing rates. 

[BelieverCo27]

Thanks for this Capital! Very helpful.