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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 Mar 28, 2022 3:39am
422 Views
Post# 34551009

Agrees with diversification

Agrees with diversificationOne of the best post I read yet on this forum is the value of diversification. I thank that poster for reminding us of that truth. For some of us, not myself, Electra has been our sole investment. A potential recipe for di,,saster. I'm not saying at all that Electra doesn't have a positive future - in fact I believe it does. But caution tells us to be aware of our surroundings. I agree with many that the current ownership might not be the ones to bring this company to the finish line. Bigger fish are lurking for a smaller fish to swallow. Regarding a reverse stock split -like one poster mentioned - it's not so uncommon. At this very moment bombardier Canada is considering the same thing. No biggie here - a part of doing business - and moving the company forward. And it's not like Electra has no need of moving forward. It certainly does. It is stagnant - and stuck where it is. Fortunately, the leadership of the Electra long recognized that and proposed and got approval of a possible RS in the future. Circa December 5 2021 or thereabouts. Make no mistake, investing in the stock market - and I mean any stock at this time in history carries extraordinary risks and investments in any equities should be considered seriously.
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