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 ashentegraon Jun 18, 2019 10:32am

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Post# 29835552

Pala t/o Cobalt 27

Looks like Pala wants the Vale Voisey's Bay 32.6% Cobalt stream - all other assets are being passed on to Nickel 28.

Back-of-envelope, the $C501m transaction values Voisey's Bay at $C310m and Nickel 28 at $C190m

The transaction almost certainly undervalues the Voisey's Bay asset and overvalues Nickel 28 - which Pala is kindly giving back to existing shareholders.

What beautiful teeth you have, Mr Wolf!

Ash

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