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.

TSXV:ELBM - Post by User

Electra Battery Materials Corp

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Comment by copperisgold7on May 01, 2006 2:03pm

161 Views

Post# 10773939

Does AUR resources ... warrant?-$3.50/sh Net cash

No, and they DO NOT need more cash as they are sitting on about $3.50/share in NET CASH RIGHT NOW IN THE BANK that will rise to about $6/share by year end if these prices for CU hold up as earnings should be around $4/share (each 5 cents over $2/pound that AUR sells their (they get an LME premium to spot of about 8 cents) copper for will add at least 8.5 cents/share to earnings of $1.79. Do the math and at $3.30 spot you get a selling price near $3.40 and earnings around $4.17/share should that be the average!!!) Think about those numbers and then ask yourself if this is a strong BUY.

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