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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

Post by rotten2coreon May 04, 2020 11:36am
306 Views
Post# 30983649

FS

FSI'm quite happy with the FS results.  Another inportnant step completed.  I must say I am very impressed with managments ability to complete each step in a timely manner.  Things seem to be progressing nicely.  Again, this is a long-term play.  There will be significant re-ratings along the way.  One major one may come when the details of a financing deal with GC are released.  Once the refinery is up and running, based on the understood economics, I envision a market cap somewhere in the neighborhood of $300M.  My greedy eyes are focused on mining Iron Creek however I understand the refinery MUST be the focus right now as it will open up avenues that wouldnt otherwise exist.  I belive things to be right on track.

GLTA
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