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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 Marshallon Dec 29, 2021 2:46pm
506 Views
Post# 34268504

Reality Check

Reality CheckUrban mining for black mass has the potential to be commercially viable but a few things need to be considered here, 
First, the recycled material produced needs to be price competitive with mined raw materials. One of the challenges is that
 a company needs to have a proven process to extract a minimum of 90% of a variety of materials to be price competitive. Also, mass production into a commodity driven market will drive the price down making it an even bigger challenge for the smaller players.  
Secondly, there needs to be a large amount of used batteries available from a reliable source. Until a large amount of EVs have been on the road for a while, supply will remain somewhat limited.  We're still quite a few years away from having the stockpile of batteries needed to feed the appetite of every company wanting to participate in the green movement.
Third a company needs to have a buyer for its recycled material.  Significant players in the battery market like to have some control over where the recycled material is coming from.  There is plenty of competition in this arena to negotiate with.  The bigger players have the edge to be competitive.  
So in summary, this venture is not going to happen overnight regardless of what is posted on this forum.  This is still a high risk venture until more pieces of the puzzle fall into place. Relationships are key to survival.





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