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 > First Cobalt Announces $10.0 Million ATM Financing, Warrant

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Comment by BarnFindon Feb 23, 2021 1:55pm

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Post# 32638203

RE:RE:RE:RE:RE:RE:RE:RE:RE:First Cobalt Announces $10.0 Million ATM Financing, Warrant

The timeline of the refinery buildout is tight, so if the bank money requires more capital it is well worth the dilution to get the debt financing closed and keep the project on track. Just my opinion. I expect news of financing deal shortly which should push SP back up.

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