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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 9:48am
235 Views
Post# 33897705

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

RE:RE:RE:RE:RE:RE:FCC Working CapitalAs FCC really has no actual "real assets" that would count.  FCC has no receivables, and no inventory.  No one would loan on their mining properties, as they sold all the valuable ones, after writing them down to zero, so.  Cantor Fitz loaned them the money.  Another seemingly inside deal.  Once they disclose just how much cash they are burning throught trying to get this refinery lit, lenders will have less confidence.  It's a money pit, period. And ROI is gonna be a long, long time coming, if at all (financially speaking).  Stock/share wise, they will promote, and sell into it; THAT is what they have shown they can and will do, repeatedly.  All, of course, IMHAO.
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