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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 17Diggeron Nov 14, 2021 3:18pm
442 Views
Post# 34125018

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

RE:RE:Board meeting Vote on item 4 - more Consolidation up to 1/18If they vote to consolidate then I have about an 80% chance of buying those new consolidated shares back at about 25 current cents apiece, unless the outside stock vultures get them first.

My current shares are worth not risking a consolidation for a likely price devaluation.

By the way, if Trent consolidates and sets a new share price of say $5, do you think he will offer our new shares for that $5 or is he more likely to discount them to $4.50 or so to some new non shareholder institution - thus undercutting the new consolidated share price we endured to get there.

It is much better to earn revenue to raise our share price.  Consolidation does not earn us even one cent of new earnings or revenue - but we need to grow our income to raise our share value in the market.

Share consolidation is pure financial engineering - nothing more than a way to sell discounted shares to people who do not currently support FCC.

We shareholders have been supporting our company for years now unlike what  financial institutions would do.  

Lets work on increasing revenue instead of trying to gain a financially engineered consolidated share price.  

That is why I voted No to Proxy vote item 4.

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