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 > hello from the Big Guy.

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Comment by bigguy56on Jan 01, 2021 6:27pm

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RE:RE:RE:hello from the Big Guy.

here is an excerpt from the May 13 news hat contains a statement abotu the CapEx. "Importantly, management is actively exploring (with Glencore's help) opportunities to enhance the refinery's flow sheet to improve upon already robust economics. In addition to a 53% IRR, the after-tax NPV(8%) of $139 million is 2.5 times upfront cap-ex of $56 million (includes a $4.2 million contingency)." so the Capital Cost is $56 Million. As I thought. This arrangement with Glencore seems to have been scrapped. I suspect they do not need to do a R/S but one would hae to analyze this in comparison with the new deal

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Geologica Resource: Polymetallic upside at a depressed price