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.

TSXV:ELBM - Post by User

Electra Battery Materials Corp > FCC Working Capital

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Comment by stockdoc73on Sep 23, 2021 10:38am

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Post# 33904634

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

Math, glad to have enlightened you on the process. You indicated that you knew that there was excessive cash burn and I asked what that number was. If you know the number then we can extrapolate what the ultimate CAPEX might look like. Short of that, I will trust the numbers that management provides as I have no reason not to believe them. FYI, once the refinery is commissioned the bulk of expenses will be OPEX.

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