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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 MTwalleton Nov 29, 2022 4:29pm
415 Views
Post# 35137829

Educated gamble

Educated gamble You guys realize this is a start up eh? The numbers work out. When they get this refinery done and operational the money will come in. Imo Trent has been extremely transparent with the operations. He disclosed in the conference call they ran into supply shortages and inflation issues. Any idiot could have guessed they would need to create shares for funds. I don't think they needed to do the Rsplit as they mentioned it would attract institutional investors (institution money does not allocate to companies that are start ups, maybe 2% of their portfolios) could have waited for that. Now it's just a waiting game, they might follow thru, they might run into problems and the stock could be cut in half again. Who knows. Educational gamble. Will be a 10$ stock if they follow thru tho. The money is there and demand is there. 
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