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Electra Battery Materials Corp V.ELBM

Alternate Symbol(s):  ELBM

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

Comment by rotten2coreon Mar 15, 2018 2:45pm
195 Views
Post# 27722224

RE:RE:RE:Cheapest entry

RE:RE:RE:Cheapest entryThis is kid d of a weird deal. Not the acquisition, that's a fantastic move for both parties. But the fact that FCC is purchasing with shares and allowing them both to continue trading for 2 more months before the deal is finalized. Both management teams obviously love this deal, and USCO management is strongly encouraging shareholders to vote yes to the takeover. But why are they so confident shareholders will vote yes? USCO insiders only own 6% of the company so its not a given by any stretch. Only way shareholders will want the deal is if the 60% premium is there come vote time. How do they know this will happen? Is there news coming that will virtually ensure that? Will FCC shares be manipulated to make sure the premium is there for USCO shareholders? Seems like this deal would be at too much risk of falling through if simply left up to the markets. What do they know that we don't? I need answers LOL
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