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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 Dec 23, 2021 2:36am
582 Views
Post# 34257083

Reverse stock split

Reverse stock splitGood morning all, it's good to see a contra position - it makes things interesting and we can learn from them. I completely get the idea the some of you, for whatever reason, don't think a reverse stock split is wise. But the fact of the matter is Electra voted positively on a reverse stock split, should it be deemed wise and beneficial to the Future of Electra. This happened circa December 3 - 5. Electra is now in the position, with unanimous support to go ahead and execute an RS if and when necessary. This is no accident -it's planned and will occur. The reason being, and for the life of me I don't know why you guys don't get this - is that no matter how much good news this stock has gone nowhere. There is simply too many shares out there and the pie is split too thin. A reverse stock split is necessary to enlarge the so-called slice of pie bigger so that it can better react to market forces and good news on progress as we go forward. Trent himself said about 6 months ago during an interview that there was way too many stocks out there. I really don't give a damn if you guys like it or not - your opinion is uneducated and not based on fact. The only way to go forward is with an RS or we will continue to wallow where we are - which might be acceptable to you - but but not to me - got that?
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