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

Bullboard Posts

Post by David123on Aug 13, 2020 11:44pm

478 Views

Post# 31406752

Answer back from FCC

Hey guys,

I want to share some of the answers I got back from FCC for my inquiries.

"I can provide you with a broad answer but I’m unable to provide you exact details.

We are in discussions with bank, credit funds and private equity groups. We have received several proposals and now are entering phase 2 – likely with 2 finalists.

It is hard to predict when this would be completed, mainly due the fact that different counter-parties have different due diligence requirement including a site visit.

The summer holidays and COVID are minor factors impacting the schedule, but we are tracking well and we will have news in the market before long."

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