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.

TSXV:ELBM - Post by User

Electra Battery Materials Corp > FCC Working Capital

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Comment by Capitalistaon Sep 21, 2021 3:17pm

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RE:RE:RE:RE:FCC Working Capital

Thanks, Silverad0.

I listened three times myself to that part of the interview to ensure that it wasn't $15 million he was saying, but I kept hearing $50 million.

As Stockdoc73 points out, it will likely not be an equity raise to provide the working capital fund - these are normally LOCs with financial institutions. I'm hoping, though, that it can be collateralized (at least in part) by inventory - raw and finished materials. Not sure what the banks' practice is for mid-stream processors like FCC.

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