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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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Comment by David123on Jul 11, 2020 2:10pm
172 Views
Post# 31255752

RE:RE:RE:RE:RE:RE:RE:RE:News out

RE:RE:RE:RE:RE:RE:RE:RE:News outWell we already knew about this, right? Glencore does not have good reputation but FC needed cobalt feeds and loans to test and expand the current refinery. 

I wish that Mell can give us insight on the current financing status. We have $1M of accrued liabilites to be paid in <1 year as at March 31, 2020. I know that we still have $2.6M remaining fund from Glencore but it would last more than 1 year based on the current expediture. 

The current PR was the filing of the FS on SEDAR so that the potential investors and governement agencies can review it as needed. Hopefully, we get good news soon. 

FYI, Mell twittered a couple days ago that FC has so much to share with us over the next weeks and months.
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