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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 Goatburneron Nov 23, 2021 2:50am
1065 Views
Post# 34155718

Consolidation just makes good sense

Consolidation just makes good senseGood morning all. We here at FCC are about to go through an interesting time. Reverse splits, often have negative connotations attached to them. On the other hand, it can be a big plus for investors who have no interest or are not permitted to invest in penny stocks. I just want to point out, that FCC is not doing this because of financial difficulty. On the contrary, it's a smart thing to do. FCC is debt free. It is not in distress and never has been. Reverse split, in this case, makes perfectly sound financial sense. It will allow FCC - Electra- to participate in bigger forums than we currently have. Many large investors will not touch a stock below two or three bucks. This stock split should remedy that. FCC has been transparent, debt free, investing heavily with a strong Treasury since day one. I hope this is encouraging because it's based on fact not speculation. I wish you all well.
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