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 quarter results

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Comment by Marshallon May 27, 2021 8:52am

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Post# 33274309

RE:first quarter results

All good, moving forward!

Cash of $16.0 million and working capital of $20.2 million as of March 31, 2021
Glencore loan converted to common shares of First Cobalt on April 7, 2021 eliminating all Corporate debt and freeing up the security package associated with the refinery
Sale of a portion of the Cobalt Camp properties to Kuya Silver Corp. for $3.7 million in Kuya shares and $1 million in cash
5-year feedstock arrangements for 90% of refinery capacity with Glencore and IXM
Flexible, 5-year cobalt sulfate offtake arrangement for up to 100% of production executed with Stratton Metals. Quantities are at First Cobalt's election, subject to a minimum
Entered an exclusivity agreement and commenced due diligence with a leading financial institution to provide US$45 million in debt financing