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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 calicheon Mar 15, 2018 10:24pm
105 Views
Post# 27725024

RE:RE:RE:RE:RE:RE:Cheapest entry

RE:RE:RE:RE:RE:RE:Cheapest entryi dont think the 60% premium is an absulute.. usco shares today made an all time high and that is due to this deal.

the companies together are worth more than seperate and the market knows it.. FCC shares are going up which is unusual in an all share deal, and i think they will continue to do so.  

whomever signed off as to the fairness of the deal valued the usco assets at 1.5 shares of FCC

its more the ratio than the percentage for valuations 

the lag in usco SP may be due to the deal closing a few months out in the future but remember it is a friendly deal with a fairly hefty break fee so i think its going to complete

as for fcc share price i have not followed them but a substantial amount was raised at 1.1 and higher so it is likley that will form a base

the trading in both shares looks to have a fairly orderly pattern which suggests institutional buying and ownership.. also there is not a lot of bashing here so i dont think retail is a large component.






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