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

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Post by Budcomags4on Mar 23, 2021 7:48am

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Post# 32856562

Disparity in Response

A few years back I invested in FT (Fortune Minerals) which has had a pretty stellar last two days - going from .12 to .21 cents. I believe part of this is because of a recent new release in the US media that FT was in talks with the US Export/Import Bank. I am looking forward to an announcement from FT on this... Over 5 million trades yesterday.

https://www.cnbc.com/2021/03/18/us-looks-to-canada-for-minerals-to-build-electric-vehicles.html

First Cobalt was also mentioned in the article, but there has been little movement. I am not sold on 40% daily increases.. Yes, it is exciting, and great to make a quick buck - but ultimatley fundmentals do come into play and I would rather have slow and steady increases. Sooner or later, reality hits every investment.

I just can't get my head around the current .36 cent valuation for First Cobalt?

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