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Electra Battery Materials Corp V.ELBM

Alternate Symbol(s):  ELBM

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

Comment by Wynjoeon Mar 19, 2021 9:08am
243 Views
Post# 32836558

RE:RE:RE:RE:RE:Doing due diligence???

RE:RE:RE:RE:RE:Doing due diligence???
Mazz ,yes,we can all wish for cobalt prices to go through the roof,but theres other factors at play.My garage,(where i park my toys),is just a bit smaller then fcc's refinery.It looks great,but i see mutiple millions being spent to upgrade that facility to a level needed to process ore, beyond what is proposed.(millions needed for current processing as per projections).Used battery facility,to enhance project?,sounds good,but it worries me with outstanding share numbers?To me,at best,it sounds like a nickel and dime operation,ran by a mom and pop,then a multi million dollar conglomerate.Tens of millions are needed to see first production,(constuction),then you have the hiring of knowledable personnel,etc...etc...etc...wheres the money coming from...share issuance in the form of private placement.60 million dollars divided by 33 cents is in excess of 180 million extra shares.I see more dollars required then any projections made thus far.
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