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 Goldfatheron Apr 01, 2019 1:54pm

192 Views

Post# 29564911

$1.6 M

Funds for :

"The company intends to use the net proceeds of the private placement to support continuing work at the first cobalt refinery..... as well as general corporate purposes."

Sure looks like theyre planning to re-open the refinery. My bet is as a partner of some sort. Off take, or a large Miner stepping in now setting up a long term Merger. Previous article shows low case scenario of $20 lb w/ $100 m revenues.

...just wish they'd step up and announce it.

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