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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 WernerDon Feb 02, 2022 11:02am
216 Views
Post# 34389089

RE:RE:RE:RE:RE:Patience and on schedule

RE:RE:RE:RE:RE:Patience and on schedule Silverad0@

"No earnings for at least 18 months".

This is the first claim I ask you to prove.
Where does this assumption come from? According to Electra, the refinery will continue to be commissioned with 4Qu. 2022. The first, hopefully positive, cash flows will then be achieved relatively quickly.

As long as no new information comes from Electra, I cannot assume otherwise.

So how do you get no income for 18 months...?

"Black Mass Misconduct"

As you can see from the public announcement of 8th Nov. 2021, a test production of the recycling business is planned for 2022 and commercial activity in this business sometime in 2023.

Why should it be possible NOW, or who wants that?

"Sometimes I wonder why I have interests in this outfit"

If you ask yourself this question, you are probably wrongly invested or just have the wrong expectations of your investment.
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