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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Comment by ashentegraon Mar 05, 2019 12:02am

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Post# 29441792

RE:RE:Private Placement.

The new hole shows mineralisation continues at depth - al least where they drilled.

The placement of $2m is welcome too. eCobalt would have tried this as well - but didn't succeed.

It isn't enough money to restart the refinery. That will need ten times the capital. If the value of Iron Creek can be proven out, the refinery could be done with minimal dilution. I'd like to see that!

Ash

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