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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

Post by ElJon Oct 14, 2021 4:33pm
296 Views
Post# 34006866

Commissioning

CommissioningI, like some others here, have been through the commissioning stage of a number of plants.

Before a facility is handed-over for normal operations it should be verified by expert personnel and jointly operated by a combined team of experts and operations personnel, with operator acceptance-sign-off based on satisfactory performance of pre-agreed test criteria. My expectation at this time is that product produced in Q4, 2022 will generate quite modest Revenue to First Cobalt.

BB colleagues have provided useful perspective based on current information and their respective experience:

I interpret that stockdoc73 is correct when he suggests “Refinery put into service 4Q'22 and then ramp up time to commercial production in early '23.”...(but indicating potentially extending through H1, 2023)
Silverad0 provided a useful perspective when he outlined that commissioning means “that a Commissioning Agent or Agents, and Engineers( contractor  and operator) are satisfied the process works and the equipment works as intended… you cannot, with professional integrety,  declare commissioned without production.” 
Jordsword is similarly correct when he writes that “commissioning is a huge positive step and FCC will be in a position to profit from it as well.”  “They have hired the best in the business to build and commission.”

The doubt question raised by dothemathpeople on the effective date of consistent operation at specified full capacity throughput level, is normal, and is surrounded by project uncertainties and planned contingencies. Given the engagement of Metso Qutotec commissioning of this plant is in safe hands.  Effective date still to be determined IMHO,

Peace,
Good decision-making to All,
ElJ

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