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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 dothemathpeopleon Sep 22, 2021 9:43am
185 Views
Post# 33897670

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

RE:RE:RE:RE:RE:RE:RE:FCC Working Capital"Building cash" is easier said than done, ALOT has to happen, and happen positively...whats the deficit for FCC, cumulative, to date? When do you think they will have ANY cash flow? How far into their debt facilities would they be, at that point? "Choosing" is a luxury word FCC cannot rely on at this point, it seemed VERY difficult to secure that debt facility from Cantor Fiitzgerald; not exactly a top tier lender.  Adding value to the raw materials? Mined and processed in DRC, shipped as concentrate from the DRC, to Cobalt Ontario, for refining.  Where is the value again?  How is it built? The less than $50M in debt and equity financing, ALREADY done, will barely be adequate, as most times, more money is required.  That facility never really produced ANYTHING in it's 35 year existance, or do you not agree?  Drawing down on debt is a very slippery slope when there is no cash flow, and little prospect of their ever being any.  The bill for this build will be large, and the time it takes, more than likely also longer than expected.  All IMHAO.
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