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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 Apr 20, 2018 7:45pm
92 Views
Post# 27920375

RE:A case of...torn between two love's ( USA + CDN )

RE:A case of...torn between two love's ( USA + CDN )
1. You sound drunk. Or high. I guess it is 4/20. 2. What did you think They were going to do with the refinery? Of course theyre going to see what they can put through it. Its a logical step in prepari g it for use. 3. You seem to be confused (possibly due to #1 above) about FCC having multiple assets and it somehow being a bad thing. Their Ontario land package is exciting and prospective. But they haven't drilled anything significant yet and even if they do, it would be 7-8 years before they'd mine anything there. The refinery is part of their Ontario land package and is a strategic asset which they could use themselves (muck piles), or be contracted by another company. This COULD generate near term cash flow. The aquistion of USCO and Iron Creek is not a departure from their efforts to become the world's premier Cobalt exploration company with an eye on becoming a miner. Nor does it distract from their coeporate vision and strategy. On the contrary. It alligns perfectly with what they are trying to do and gets them much (3+ years) closer to actual cobalt production than ANY new discovery they may achieve. Does this mean they will abandon their drill program in Ontario? Of course not. Why would they? They'll have a team aggressively defining the Iron Ceeek resource in Idaho and a team more conservatively exploring their Ontario land. AND in the meantime, if the refinery can be put into serivice to generate any kind of cashflow, that would be fantastic. The first logical step in preparing to leverage that asset is to understand what they have and what its capabilities are. Hence the study. Again, perfectly in line with their vision and strategy. You are either really confused or just trying to confuse others with your scatter-brained nonsense.
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