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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 NatureBoyon Nov 21, 2018 1:55pm
108 Views
Post# 29005875

RE:RE:STEP ASIDE TRENT MELL

RE:RE:STEP ASIDE TRENT MELLAgreed. This is dead money...maybe even “lost” money if management cannot generate some kind of revenue from this strategic refinery asset that Trent Mell ballyhoos as one of three “substantial North American assets.”
There needs to be some clarification and strategic justification for constantly including the refinery as an “asset” in press releases if, in fact, there is no money for startup nor operation of the facility. A “yard sale” to a third party might net some token cash, but hardly justifies the hype to shareholders that we have witnessed (in my humble opinion).  Leaders should demonstrate leadership that goes beyond cheerleading.  What is the game plan and what is the proposed timeline for execution?  There are no tangibles for assessing successful management other than hopeful pleas for patience. 

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