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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 Goatburneron Dec 22, 2020 2:26am
383 Views
Post# 32158928

EV batteries. Is Cobalt still relevant? YES!!

EV batteries. Is Cobalt still relevant? YES!!Good morning all. I see there's been a number of posters who have all asked the same question " is Cobalt still relevant regarding EV batteries"? I too, have wrestled with this one. In fact not too long ago, I divested from FCC only to reinvest again once I learned more. So you're not alone on that question. Firstly and most important is the fact that EV batteries without Cobalt is at least five to ten years out. Some of you have obviously read some company's view of how their battery is going to revolutionize the EV industry. They are a dime a dozen now. While it may be true that there will come a time when EV batteries will no longer need Cobalt that time is not now. And frankly it might never happen at all. Nobody knows the future-we have to deal with what we got. And right now, the world needs Cobalt for EV batteries and even the government of Canada and the government of Ontario have both showed support for this reality. Have a good day all and sleep well at night if you are invested in FCC.
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