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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

Comment by Jordswordon Aug 11, 2021 7:58pm
228 Views
Post# 33689616

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:clarification

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:clarification

I think he is right about the permits. Put yourself in the place of a lender. You have never financed the expansion of a cobalt refinery before and all the necessary permits are not in place. High risk of them defaulting on the loan if there is a permitting problem. Not a wise business decision and probably outside of their normal due diligence parameters to make that loan. With permits in hand and a strong business case which Trent has provided (feed and offtake both secured) significantly de-risks the loan. People here are still calling for updates from Trent but he is busy putting the pieces together. Long lead items have been purchased with funds from the treasury and work for planning the foundations is happening. Like us, he is waiting on the government to issue permits. 


just my 2 cents 

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