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 > Industry Article

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Comment by Marshallon Mar 24, 2022 8:14am

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Post# 34540630

RE:RE:RE:RE:Industry Article

All I'm trying to tell posters here is that diversification in your portfolio would be wise. Don't put all of your eggs in one basket. Yes this stock will do ok with time so don't get all sensitive about this post and start attacking me for posting relevant information you may chose to not agree with.

Bloomberg New Energy Finance projected that global LFP demand will grow from 81 GWh in 2021 to 633 GWh by 2030 and 1070 GWh by 2035. This represents about 1300% growth and 22% of the total cathode active materials market for stationary storage, passenger EV, commercial EV, e-bus, and two/three wheeler applications, and an addressable market measured in tens of billions of dollars. So why not participate in this as well.

The rise in LFP demand,s being driven by automotive OEMs and other markets pushing for a localized and diversified battery supply chain in North America, Europe and India leaving nickel and cobalt rich chemistries for high-margin long-range vehicles and consumer electronics."