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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 stockdoc73on Sep 22, 2021 11:02am
206 Views
Post# 33898184

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

RE:RE:RE:RE:RE:RE:RE:FCC Working CapitalThe real asset that will count is a commissioned refinery to use as collateral. Obviously inventory and receivables at startup are non-existent so cannot be used. Plant and equipment is the way that most manufacturing working capital lines of credit are collateralized because that is where most of the companies value lies. From your post it sounds like you have done the math. Can you share with us just what the monthly cash burn is currently?
Hopefully, everyone invested in FCC realizes that any manufacturing startup is a risky proposition and there are many potential pitfalls along the way to the start of operations and also well into the first several years of operation. I believe that everyone that reads this board will be better served if we post what we know as opposed to what we hypothesize. And I am certain that this is not just my humble opinion.
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