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 > FCC Working Capital

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Comment by Capitalistaon Sep 21, 2021 7:02pm

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Post# 33896378

RE:RE:RE:RE:RE:RE:FCC Working Capital

Thanks, Pinoche. I had forgotten about the EDC and their programs - they are a definite possibility (if a bit expensive). FCC may be able to avoid that route in the long term as they will be adding value to the raw materials rather quickly. As they build cash (notwithstanding the debenture programme requirements) they will have less need for a bank-sourced LOC; however, they may choose to maintain it for available cash reasons. Always nice to have something like that in your back pocket.

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