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 > From a yearly low of 8 cents...

<< Previous

Bullboard Posts

Next >>

Comment by JM1011on Mar 10, 2021 3:13pm

279 Views

Post# 32764819

RE:RE:RE:From a yearly low of 8 cents...

Hey,

could you elaborate a little more on your comments? Appreciate your comments.

I spoke with Trent and watched his presentation this morning. He said they have about C$30 Million currently; he said they are in the late stages to get a debt loan about USD $45 Million ($45X 1.30 rate) =C$58,500,000. Total Canadian = C$88,500,000.

The estimated cost to get the refinery up and running is C$80 Million roughly.

I don't see an issue, unless I'm missing something.

Thanks!

<< Previous

Bullboard Posts

Next >>

Nintendo stock hits new all-time high as excitement builds over Switch successor