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

Bullboard Posts

Comment by londonsateon Aug 15, 2019 3:16pm

148 Views

Post# 30033294

RE:HORROR FINANCIALS

All pumpers are still pumping it, 0.13 new low,Iam deep. shxt.

rockmoney wrote: Just looked at the March 31 FS. This is a total horror show.

Cash: $1.7 million
Current Liabilities: $2.2 million

G&A burn per month: $275,000 and this does not include professional fees and any project expenditures. Just G&A. This folks, is a totally insane monthly G&A burn rate for a small junior.

So as at Sept 1, a full five months from March 31, that G&A as burned another $1.4 million.

FCC is stone cold broke and carries signifciant current liabilties that likely exceed $3 m today and they have zero cash.

There will be a very dilutive financing coming soon. Real soon. There is no alternative. One idea. How about cutting back those insane salaries and people costs? I mean, you guys are a junior, not a major.