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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 Marshallon Sep 04, 2021 8:38am
524 Views
Post# 33814208

RE:Epic fail!

RE:Epic fail!Sorry but I don't agree with the "epic failure" statement.  FCC have said all along that financing was going to take place so the announcement was hardly a surprise.  They have delivered and are on track to meet their schedule. 
I sense that many stock holders on this forum expect large returns overnight on a consistent basis. That isn't going to happen. This is a long term hold not a poker hand. I would sooner see a gradual rise in price than a huge overnight spike where some stock holder get burned. 
I have said this many times and I'll say it again, this stock will realize its value when institutions return to the markets. Retail investors are too emotional and don't have the buying power to move a stock price under normal conditions. Having said that, I do believe there has been an increase in new money returning to the markets in the last week.  Just look at the uranium sector.  We need battery materials in general to start catching investors interest again after a very sleepy summer.  It will happen and when it does FCC will enjoy the run everyone wants.  In otherwords, we need the correct tide for this ship to rise. 
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