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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 ashentegraon Oct 11, 2018 3:01am
110 Views
Post# 28778825

refinery

refineryThe refinery needs a lot of engineering. There are many variables in this discussion: potential feedstocks with different processing needs, scale from 12t/d to 54t/d, capex from $24m to $105m and whether to produce cobalt sulphate or cobalt metal.

It isn't for us to decide which combination FCC takes on. Better brains than ours have that task.

It will need a capital raise. With the share price in the doldrums, this would be highly dilutive -- and Mr Market knows it. Off-take partners would require output to their preferred specifications and compensation for the risk they would be assuming, so I don't have high hopes of a capital finance shortcut there. 

Also, the drilling of IC is funded, but not DFS, let alone mine and concentrator construction capex. More money needed there too.

There is also the risk of an opportunistic low bid from a mining major with longer investment horizons than spec stock investors.

On the upside, the market is seriously underestimating the battery requirements for firming up solar and wind energy generators. This could be as big as EV's. 

That is a whole bunch of open questions. We can all see how this could work. The hard part is getting there. A tricky path to navigate. Expect volatility.

I am seriously underwater FCC.

Ash
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