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 reeJoeyon Nov 15, 2019 3:43pm

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Post# 30358320

Jumped into FTSSF Big Time today

FTSSF's share price has dropped to just crazy levels given developments of the last several months. The US and Canada now are joined at the hips regarding critical materials by formal agreement, there now is a heightened chance of support from national governments (plus provincial in the case of First Cobalt), in the US push there is special emphasis on supporting processing and there now is a near-panic realization of the extreme danger of dependence on communist Red China for cobalt ore and refined cobalt. Thus, I think this last year's article is even more relevant than then. With its cobalt resources in Idaho and Ontario and a refinery in Ontario, First Cobalt is the only North American company a mere years away from providing the two countries a vertically integrated company from mining to refineing and production of battery grade cobalt.

"Chinese firms refine about 77% of the world's raw cobalt supply into battery-ready chemicals."

"If China really wants to play hardball, it could begin restricting exports of processed cobalt."

https://www.investing.com/analysis/cobalt-prices-chinas-secret-trade-weapon-200303828

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