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 > Board meeting Vote on item 4 - more Consolidation up to 1/18

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Comment by Budcomags4on Nov 14, 2021 2:24pm

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Post# 34124925

RE:Board meeting Vote on item 4 - more Consolidation up to 1/18

Currently 540 Million shares... that is over 1/2 billion shares lol. You want to keep this company with that many shares?

They could do a 10-18 to 1 reverse split and issue new shares. They could also keep it the way it is and issue another couple hundred million shares. There are lots of scenarios...

Personally, 540 million shares does not sit well with large institional investors. If you enjoy keeping this as a penny stock, and flipping on .25 cents - vote no. Lol...

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