Electra Battery Materials Corp. V.ELBM

Q4 and Refinery Update Summary

[Starkicker]

Outta cash and still no refinery opening date. Brutal.

[Budcomags4]

I did not see "outta cash" in the update.  Can you copy/paste...?

[greenstar1]

Today's release seems to be a rehash of what was already known. They said more money needs to be raised. The lack of new good news is disappointing. No update on how difficult it wil be to fix the crystallizer, what would be involved and how long it would take. No update on process electronics procurement. No indication of how many nickels will be earned from the tiny bit of black mass

[Silverad0]

Greenstar1 you have summed it up nicely. Again I will say Trent doesn't know what he is doing.  They have no idea how deep a hole they are in. They have five MBA's at head office that dont know basic business and need to hire people to asses and report back to them. Pathetic.  But hey we at least have a whistle blower hot line. 

[555rookie555]

Much of the same opinion here. Continuous black mass recycling is part of the good news but since we don't know the recovery rates or value of the refined black mass why would we get excited?!? This company doesn't need more vision it just needs project execution at this point and  (apparently) more capital.  Still believe this is a strong hold rating. If it were to go down and

[Starkicker]

This sentence from deep down in the release says outta cash to me: . The Company will require additional capital to complete final commissioning. Discussions are underway with various commercial partners, government agencies and other parties to address the funding shortfall.

[dothemathpeople]

IF they have $8.5M cash remaining...thats basically outta cash...with a $5.4M/monthly burn?

[davgro]

Your comments about $8.5M cash remaining is a little misleading as it states very clearly in the the Q4 release: "Held cash and marketable securities of $8.4 million as at December 31, 2022, down from $19.7 million as at September 30, 2022. Electra's cash balance at the end of Q4 2022 does not include the remaining $5.1 million of government investments expected to be received or the net

[dothemathpeople]

Hey Dave, it's not really "my" comment now, is it? What about the massive debt notes, dave?  And the convertible debt? And the refinanced debt?  And the debt they are working on securing for their, ahem future, cause there is no more equity financing for these fools? Maybe I was wrong...about their burn rate, dave.  Maybe I was less than thorough about the "