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 > Canadian Insider

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Comment by argon12on Jan 16, 2021 12:40pm

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Post# 32313448

RE:Canadian Insider

Insiders participated in the new financing. If this was a big deal the financing wouldn't of been an overwhelming success. It was upsized by approx $3 million.
The refinery they are building for Cobalt is going to be a game changer.
This is where the money will be made in EV not the actually building of EV vehicles.
Even Musk can't make money on these without special tax credits.

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