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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 Sep 30, 2022 2:47am
571 Views
Post# 34996782

Electra during economic downturn

Electra during economic downturnInteresting I've been invested in Electra for five years now. Not too much good to say about its performance. Despite all the positive catalyst along the way - it just gets sucked up by selling. Every positive catalyst has been lost and here we are trading at about 21 cents pre reverse stock split. As a local, I can physically see progress in building and adding to the existing refinery. There is no reason to think this economic downturn is going to rectify to previous highs anytime soon. It might be good to realize that the road uphill is going to be a long hard road that might take years to reach previous highs again. This is not the first time - history teaches us the road forward will take some time. .
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