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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 NatureBoyon Sep 23, 2021 5:14pm
342 Views
Post# 33910987

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

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

Sorry WernerD, but are you really such a simpleton? Your question with regard to Math's postings seems beyond the pale. Seriously, you present yourself as an informed investor here and yet don't understand the concept of "burn rate?" You ask, "What kind of cash burning is the guy talking about? Here at FCC, funds are used to put the refinery into operation."

Duh?

Burn rate refers to the rate at which a company spends its cash reserves over time. It reflects the velocity of negative cash flow (usually quoted as a monthly rate). For your edification, analysis of cash expenditures in excess of cash receipts tells investors whether or not a company is self-sustaining and can signal the urgency for additional future financing (either equity or debt). A valid concern for those invested in a startup with yet to be realized income streams!

your tirades and outbursts have become tiresome and, frankly, very rude. You may not approve of others' postings here, but at least learn to control yourself. And while you take your meds to calm down, steal a moment to educate yourself a bit about basic concepts... such as "cash burn rates." Have a good day. 

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