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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

Post by BarnFindon May 18, 2018 12:49pm
176 Views
Post# 28053181

eCobalt Merger

eCobalt MergerInteresting thought.  With all of the mergers that First Cobalt has had over such a short period, one wonders who the next target is.  ECS could be a good fit with First Cobalt, but currently ECS market cap is somewhat greater than FCC, so hard to say how well a merger of relative equals will work out. however, ECS appears to be tied closely with Dundee Sustainable Technologies (arsenic removal process) in regard to its mill plans, so maybe DST is a better current target. It may provide FCC with technology that could beuseful in its own plant restart and expansion as well as preparing it for future mergers.  Lot appears to be happening in the NA cobalt mining & exploration world, so hard to know what will happen next and by whom.  I do think that mass is needed to get the interest of offtake partners in the automotive industry.
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