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 > Consolidation

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Comment by 17Diggeron Jun 14, 2022 5:08pm

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Post# 34756404

RE:RE:RE:Consolidation

I stand by my longstanding prediction on this board that this reverse split will take us down to at least $3 a share from $7.68 US. Reverse splits usually lead to such big share price drops that it was an obvious prediction.

Sadly, it looks like I was optomistic.
The only silver lining is that management's stock options are drowning along with the share price which is only fair for such a dumb move on their part. Watch out for a request to reprice their stock options for them to escape the pain.
xx

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