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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 docksitteron Oct 29, 2018 3:04pm
175 Views
Post# 28889342

Consolidation

ConsolidationIn order to raise the capital required to put any of the assets into production they will need to raise significant capital.

I see a 10:1 roll back so they can raise funds close to $2.00

They will need a new CEO with experience in running a producing mine not a Merger and Acquisition specialist. Change in Management is a must. Drilling holes and spending money has not helped the share price.

They had a plan I am certain, on how to roll this back into the hands of the Australians, who put the deal together originally after all the companies were consolidated.

I am in for the ride no choice.
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