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.

TSXV:ELBM - Post by User

Electra Battery Materials Corp

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Post by BarnFindon Jul 23, 2018 1:09pm

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Post# 28353796

Tesla/Panasonic Cobalt Usage

See https://www.reuters.com/article/us-panasonic-batteries/panasonic-plans-to-halve-cobalt-content-of-car-batteries-in-two-three-years-idUSKBN1K21CK

While Tesla is saying 0% cobalt, its battery supplier is saying reduction from 10% to 5% in next 2-3 years. Also, Tesla working to have car production in China to sell there. It is likely that a Chinese company will provide the batteries, and if so, I doubt they will be Cobalt free with China having a near monopoly of Cobalt.

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A PGM mining stock with value written all over it