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.

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Electra Battery Materials Corp

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Post by habstraderson Feb 06, 2020 8:04am

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Post# 30650641

Trent Mell Interview : Restarting the First Cobalt refinery

First Cobalt (TSXV:FCC, OTCQX:FTSSF) CEO Trent Mell discussed the global cobalt market and its challenges, specifically in the Democratic Republic of Congo, where artisanal mines have complicated the supply chain. This has led companies like First Cobalt to search for more ethical sources of cobalt around the world, including the company’s cobalt properties in Idaho and Ontario. First Cobalt is anticipating a joint discussion with Glencore (OTC:GLNCY) in 2020 on the First Cobalt Refinery in Ontario, the only permitted primary cobalt refinery in North America. #cobalt #mining #VRIC20

First Cobalt is also working to produce a battery-grade cobalt sulfate using the First Cobalt Refinery Flowsheet. The company’s hydrometallurgical cobalt refinery is located only 600 kilometers from the US border, and can currently accommodate a throughput of 12 tonnes per day.

The company has partnered with Glencore in order to re-start its cobalt refinery, which would become the only primary refiner of cobalt in North America. Following an initial investment of US$5 million, Glencore is prepared to invest another US$40 million to expand the refinery upon completion of a positive feasibility study for a 55 tonnes per day
refinery

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The investment impact of the U.S. 25% tariff on Canadian imports