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.

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Electra Battery Materials Corp > Frustrated as how all good news evaporates.

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Comment by Starkickeron Dec 11, 2021 8:54am

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RE:RE:Frustrated as how all good news evaporates.

Personally, I am far less worried about consolidation as I am about the pending U.S. tax incentive on American made EVs. From CBC: The bill contains a tax credit for U.S. car buyers worth up to $12,500 on certain electric vehicles, if they are made in the U.S. and with union labour. There are fears that if passed the bill will shut Canada out of electric vehicle production and devastate this countrys auto industry.

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