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.

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Electra Battery Materials Corp > Someone explain the difference

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Comment by Skantor18on Jan 13, 2021 1:13pm

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RE:RE:Someone explain the difference

It all depends of how high the demand of Cobalt will be in 2022. We are expecting the demand will outweigh the supply. That's why Trent will be dealing with a Ford Motors or a gm to sell them the supply they need on a steady flow basis. If Tesla will not be looking for Cobalt as they already have supply so be it. There's plenty of other OEM's ready to buy the battery grade Cobalt for their factories.

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