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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Post by sqrl0on Mar 22, 2018 11:34am

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First Cobalt Files 43-101 Technical Report on Cobalt Camp Pr

New Release from March 22, 2018
More info at https://firstcobalt.com/investors/news/index.php?content_id=145

First Cobalt Files 43-101 Technical Report on Cobalt Camp Properties

TORONTO, ON — (March 22, 2018) – First Cobalt Corp. (TSX-V: FCC, ASX: FCC, OTCQB: FTSSF) (the “Company”) today announces the filing of an independent NI 43-101 technical report on its Greater Cobalt Project located near Cobalt, Ontario. This report encompasses all the Cobalt Camp properties resulting from the 2017 merger with Cobalt One and CobalTech.

Highlights

Cobalt Project is located in a favorable exploration area with a high concentration of cobalt and silver occurrences
High exploration potential for new discoveries, especially in under-explored areas in Central Cobalt
Opportunity to undertake a market study to determine the viability of recommissioning the First Cobalt Refinery Endorses preliminary programs for progressive remediation activities at abandoned mine workings
Summarizes First Cobalt’s 2017 exploration program including a review of the quality assurance and quality control program for cobalt assay data from drilling, as well as a mapping, prospecting, drilling and borehole geophysics synopsis
Recommends a $4.5 million budget and exploration program for 2018 consistent with First Cobalt’s 2018 program, recognizing follow-up to 2017 drilling at Woods Extension and Keeley South is required

Trent Mell, President & Chief Executive Officer, commented:

“The report is a strong endorsement of the quality of First Cobalt’s Canadian assets and supports our position that the Cobalt Camp has the potential to host new cobalt discoveries amenable to bulk mining.”

The technical report, entitled "NI 43-101 Technical Report for the Cobalt Project" dated March 21, 2018 and effective December 31, 2017, was prepared in accordance with National Instrument 43-101 – "Standards of Disclosure for Mineral Projects" by Stphane Faure, P.Geo., Marc R. Beauvais, P.Eng. and Catherine Jalbert, P.Geo., of InnovExplo Inc., all independent "qualified persons" for the purposes of NI 43-101. The report was intended to describe the combined asset condition of the First Cobalt property following the completion of the mergers with Cobalt One and CobalTech in 2017 and does not disclose a resource estimate. A copy of the Technical Report is available under the Company’s profile on SEDAR.

To read the rest of this release, click here.