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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Post by SKLASSENon May 03, 2006 3:08pm

203 Views

Post# 10787159

Why not hedge now?

AUR could foward sell a year's production right now at over $3.00 a pound. Those are pretty solid numbers and would lock in some awesome earnings. The curve is rather flat and very high at the moment. Any other opinions out there? COMEX Copper Settles US$/lb Month 05/02 05/01 +/- Open Int May 06 3.4165 3.4530 -.0365 8793 Jun 06 3.3465 3.3830 -.0365 7455 Jul 06 3.2765 3.3205 -.0440 54579 Aug 06 3.2540 3.2935 -.0395 1447 Sep 06 3.2315 3.2680 -.0365 6022 Oct 06 3.2000 3.2370 -.0370 502 Nov 06 3.1685 3.2060 -.0375 515 Dec 06 3.1360 3.1745 -.0385 3887 Jan 07 3.1035 3.1425 -.0390 328 Feb 07 3.0710 3.1110 -.0400 140 Mar 07 3.0385 3.0795 -.0410 890 Inventory 16318 16674 -356 Metalprices.com

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