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.

TSXV:ELBM - Post by User

Electra Battery Materials Corp > refinery update

<< Previous

Bullboard Posts

Next >>

Post by baeon Feb 16, 2022 9:32am

230 Views

Post# 34433195

RE: refinery update

Note worthy:

Trent Mell, CEO. "We are assessing opportunities to build an additional cobalt refinery at a second location to address projected supply shortages for the electric vehicle market. The evolution towards lower cobalt content in the dominant EV batteries will be more than offset by larger battery packs and growing adoption rates. We forecast that cobalt demand will grow by more than 11,500 tonnes per annum, for a 30% growth from 2021 to 2025."

<< Previous

Bullboard Posts

Next >>

Changing Europe’s dependency on HREE from China