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.

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Electra Battery Materials Corp > First Cobalt Sees Glencore Take 4.8% Stake In Company Via De

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Comment by cdnkeswickon Mar 27, 2021 2:10pm

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Post# 32893218

RE:RE:First Cobalt Sees Glencore Take 4.8% Stake In Company Via De

They had to clear this debt off the books so they can get financing for the remainder of the project. Getting Glencore to accept shares for debt is great and gives you a major as an investor which should create confidence for any future financing which I now believe will be announced soon.

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