Post by
BCdude on Apr 11, 2022 1:33pm
Two potential near-term catalysts
It's anybody's guess what could move the needle on ELEC, but after watching a couple of recent interviews with Brenden he mentioned two potential near-term catalysts.
1) Battery Hill releases their feasibility study, giving the market a better indication when the project might come online and how much annual revenue ELEC might generate. Brenden believes they could receive $6 million-plus of annual revenue for this one project. It's also the only manganese district in North America, so it has strategic value.
2) He also mentioned they're in discussions with a number of parties about financing for cash-flowing projects. Sounds much like the Sprott deal where ELEC would front the expertise for partial ownership while the other party would fund most or all of the cash for the rest.
If they're able to add cash flow with little to no dilution, the market should look positively on that.