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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 Spankieon Sep 23, 2021 6:57am
215 Views
Post# 33903681

RE:Missing the point

RE:Missing the point

I have never been a fan of government loans and grants for business. Sometimes it can be a good thing especially for mandated change. But it's side effects are a bad thing, encouraging in accountability and further scrutiny. Time will tell if first cobalt will be self sufficient or will require a seat at the ever increasing federal feed trough.

Demand for the product and services that fcc will eventually provide will be robust. Especially within the recycling, mining and metals space. Having said that there are targets for the fcc management team to hit. The general market is under a fair amount of pressure right now and intern with real inflation at extreme highs government pressure will start soon enough. This will be a tough year for most parties. All the more need to let the fcc team hit targets, personally I will evaluate them on performance. 

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