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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 dothemathpeopleon Apr 06, 2022 12:30pm
190 Views
Post# 34580974

RE:Think out of the box

RE:Think out of the boxNot really.  The "clean up" of Cobalt and the surounding areas is a big challenge.  ALL of the companies that made the money, from mining the ore, and creating, then abandoning the environmental wasteland , are long gone.  The legacy issues live on.  The MNR would also have to bencome involved.  FCC/ELBM kinda went down that road already, and shortly after pivoted away from mining and reclaimation.  There is also the notion that the grade of many of these "waste rock" piles, may not be economically feasible.  To disturb these old piles in the hopes of reprocessing them, is a much more comlicated task than you might imagine.  Additionally, FCC/ELBM pretty much had the entire Cobalt Camp inder their management, looking for cobalt, and probably believing they could do what it is you are suggesting.  And then they wrote the entire 3 years of work, roughly $40,000,000 off, and sold their remaining holdings to kuya for some shares and a little EX spend.  So, yeah...did that light just get turned back off?  Not so out of the box afterall.
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