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Electra Battery Materials Corp V.ELBM

Alternate Symbol(s):  ELBM

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

Comment by mining_pays_my_billson Apr 21, 2020 9:51am
161 Views
Post# 30933500

RE:RE:RE:RE:RE:Short term revenue

RE:RE:RE:RE:RE:Short term revenueWell, look at that :)  good find Waterfall. So arsenic not a big problem at their iron creek deposit in idaho. I've never read anything from FCC regarding the composition of the ore in Cobalt, Ontario, where the refinery is though. That may still be arsenic bearing, and thus provide poor feedstock. There is a historic problem in Cobalt with arsenic leaching into the waterways from mine tails in the area. 
As to Goldfather question about orice of Cobalt and GC's interest. I have no idea as to the target price of cobalt. Unlike gold which is driven by market instability (safe haven), cobalt is really driven by sentiment and supply/demand. It's not a particularly expensive ore to process, so i think even at current prices it's profitable. Glencore is the worlds major supplier so they have ability to somewhat clntrol price by metering their production and how much they release. If ethically sourced cobalt becomes the desire of autmakers like Tesla, then they will want to buy cobalt from north america, and from FCC. If glencore owns a stake, or even buys a controlling stake in FCC the  they can control the supply/demand ratio of ethically sourced cobalt in this part of the world, and already be the market leader. It's a very lucrative pissibility for a really low buy-in for them right now. 
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