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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 Jul 18, 2020 12:52am
261 Views
Post# 31284346

RE:RE:RE:RE:RE:So

RE:RE:RE:RE:RE:SoI meant to chime in o  this earlier as i reread that release but glad someone picked up on it. CIM and NI 43101 Feasibility studies are for mineral extraction projects. For mineral extraction you are presenting an NPV and Life of mine based on an estimate of what is in the ground. That NPV is meaningless unless you can prove that you have the resources to feed said mill in said way for said period. NI 43101 is the standard you are held to to demonstrate your proven, probable and inferred resources in the ground. That study FCC released was based on a known feedstock coming from a third party, it wasn't coming from the ground, there is no risk to it in that way, the quantity is known, therefore no reason to qualify for CIM or NI43101 study parameters. This project is derisked even more than a typical one in that way.... Now there are other risks of course dealing with a ruthless major player like GC but the point about the study is a moot one IMHO
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