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 > Prospectus closing

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Post by dothemathpeopleon Jul 15, 2021 10:23am

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Post# 33548851

Prospectus closing

Should be interesting. Also, from yesterdays PR, which I found quite misleading and not really truthful;

Refinery Overview

"The First Cobalt Refinery is a hydrometallurgical refinery located north of Toronto, in the community of Temiskaming Shores. The facility operated from 1996 to 2015, producing cobalt, nickel, copper and silver products."

But not really. It never really did ANY of that. The story circulated. The hype came and went. Three different other owners before FCC could not make it go. "operated" is possibly the appropriate word even if it is being used loosely, lmoa. "Producing" is an even bigger stretch.

Will be quite the reveal once they disclose the terms in the prospectus.

I also disagree with whoever commented on an RS being potenitally "good" for this company. They rarely are, especially in the short term. But I do agree that it has to happen. Been saying that for a few years now. They are at over 550,000,000 right now, I speculate that the "prospectus" offering will puch them WELL over 600,000,000, closer to 650,000,000 FD. Yikes.