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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Electra Battery Materials Corp

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Comment by copperisgold7on May 01, 2006 8:40am

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Post# 10768768

They used $400 gold and $1.20/pd copper

They used those numbers to come up with a 21 year mine life and cost of production around 75 cents/pound on average and an ROE of over 15%. This means that this is a VERY VERY PROFITABLE venture BECAUSE last I looked copper was over $3/pound and gold was over $600/oz. At $600/oz I get a cost of production of copper of about 10 cents/pound and you can probably add 10 years to the mine life if we are anywhere near these prices 20 years from now. Watch for aggressive buying from Chile Exchange today as they will have a visceral appreciation of these numbers.

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