Electra Battery Materials Corp. V.ELBM

Great Step FCC - Financing news.

[TennisStar]

Congratulations to the FCC team! A great step for them reached.  Exciting times indeed.  Cheers to those holding through low times.  The plan is followed (despite what some trolls note).  Enjoy the week ahead!

[ElJ]

Very brief simplified summary of August 2021 Proposed Financing: “Every director and officer is participating in the financing, underlining our confidence in our business strategy and strengthening our alignment with shareholders”… said President & CEO Trent Mell. The financing consists of the following components: ·        An offering of US$37.5

[Goldfather]

Thanks EIJ - - for the summary ! Certainly a milestone accomplishment for FC . Big things to  now happen with  Cobalt revenue and  opening doors to the World Wide EV market.  GLTA ...

[Mazz45]

It's been a loooong wait... congrats all.  Can't wait until we become a revenue generating company in just over 12 months.  It only gets better and better from here. congrats all and great job so far TM and team.

[TennisStar]

You said it Mazz. This is just one (big) step in the journey to build that N.AM supply chain and become the leader organization that Trent envisions, although they are taking big steps on that front.  Still so many exciting steps down the road (think of how super it will be when the refinery actually opens... when solid progress in IC comes, potential future M&A, battery park, black

[Skantor18]

Can someone explain this statement in the news release    Thank you and god bless !! Upon completion of this financing, the Company will advance discussions on a non-dilutive working capital facility to cover (i) a minimum liquidity requirement of US$5M, and (ii) cobalt hydroxide feed purchases through to the time of sale of cobalt sulfate to market.  

[Mazz45]

I understand this to be a Line of Credit for working capital to be able to purchase feed until they process, sell and invoice/collect payment.  Pretty standard.