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 > Kuya has started drilling as per their recent announcement

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Comment by Tim2Agamion May 03, 2021 3:06pm

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Post# 33115802

RE:RE:Kuya has started drilling as per their recent announcement

Marshall wrote: Some clarification needed on their claim of 100% ownership. What happened to the buy in schedule as per my previous post?

Vancouver, British Columbia--(Newsfile Corp. - April 29, 2021) - Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) (the "Company" or "Kuya") is pleased to announce that it has commenced an initial drill program at its 100%-owned Kerr Project, which is part of the Company's larger Silver Kings Project. Kuya has planned to drill at least 2,500 metres in this initial program that is expected to commence shortly.

The "Kerr assets" were sold off to raise funds for the refinery ($1 million + $3 million of KUYA). Done deal, it would appear.

There are "remaining assets" still held by FCC which are subject to a buy in

The parties intend to complete the transaction in Q1 2021, at which point Kuya will own the Kerr Assets outright. The companies will form a 70-30 joint venture on the Remaining Assets if and when all of the conditions outlined above are satisfied. The partnership with Kuya demonstrates the Company's commitment to creating value for its shareholders as it continues to focus on cobalt.

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