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 > Email From First Cobalt Received Today

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Post by Toronton May 13, 2021 4:13pm

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Post# 33196863

Email From First Cobalt Received Today

Glencore boss warns Western OEMs to
Secure Cobalt Supplies

Dear Stakeholder,

We wanted to share an article originally from the Financial Times about a warning that Glencore CEO Ivan Glasenberg delivered to U.S. and European automakers on future cobalt supplies. At the FT Future of the Car Summit, the world’s largest cobalt miner (and one of the future feed providers to the First Cobalt Refinery) said that western EV manufacturers risk being left behind by their Chinese rivals unless they secure supplies of cobalt, which could include direct investments in the supply chain.

First Cobalt will soon be the only producer of refined cobalt in North America and the second largest refiner globally outside China. Our growing Idaho cobalt-copper deposit could also provide a long term, domestic source of battery materials in North America. Add to that our leading ESG credentials and we believe that we can play an important role in diversifying the supply chain.

To view the article, go to:

https://asia.nikkei.com/Business/Markets/Commodities/Glencore-boss-warns-of-future-China-dominance-in-electric-vehicles

Kind regards,

Trent Mell
President and CEO