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Electra Battery Materials Corp V.ELBM

Alternate Symbol(s):  ELBM

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

Post by Goatburneron May 30, 2021 3:24am
481 Views
Post# 33293717

An interesting time in history

An interesting time in historyLike many it took me awhile to digest the significance of the report that DRC is halting all Cobalt concentrate exports, only to recant 24 hours later. I was always fully aware that the Cobalt we are going to receive from Congo is Cobalt hydroxide. My First response was oh S....! Such bad timing with due diligence going on. How are the banks going to receive that? Obviously, our source for Cobalt from DRC is not stable. And frankly if I was a bank I would be concerned. On the positive side, it underscores the necessity of having a North American supply chain independent of DRC and other third world Nations where we can be blackmailed at any given moment. I look to the moment as being cautiously positive but more reinforced in first Cobalt corporations vision of a secure North American supply chain. And even that will not be without issues. It's really hard to start a new mine in the USA due to environmental regulations and public outcry. We shareholders at FCC do have headwinds. Trent has a lot of work ahead of him.
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