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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 WernHerron Jan 05, 2023 5:33am
209 Views
Post# 35204238

RE:RE:RE:RE:Insider ownership

RE:RE:RE:RE:Insider ownershipSilverado, 17Digger@
For a long time, your criticism has mainly been directed at delays in the project run with regard to the commissioning of the refinery and the quality of the work carried out by the management.

Yes, there were delays, for example due to the change in capacity from 12tpd to 55tpd, due to the receipt of outstanding official permits, etc. Retrospectively, however, one must also acknowledge that the management has by and large kept its promises so far. As I said, by and large. If you read the Management's Discussion as of September 2022, the management rates the fulfillment of the previously set goals at around 85%. That's not bad, and it's also the basis for attributing options, warrants as part of their compensation. Of course 100% would be better, but what is perfect in the sense of 100% in life?

It seems that the date of commissioning the refinery is close. Some capital may still be needed, but that probably won't be done through the equity market anymore. ELBM will also need working capital loans, because they also have to finance the purchase of the raw material cobalt. But all of this is part of the nature of the business and is within the realms of possibility.

I would like to add a posting from another forum on the subject of "delays, promises, etc.". I think that sums it up very well...

Canada Nickel Company Inc V.CNC

https://stockhouse.com/companies/bullboard?symbol=v.cnc&postid=35203454

From CEO
@DJS  IMO, this is the critical statement from today's NR: "This delay has no impact on the overall timeline to production as the Company continues to target receipt of permits by mid-2025 with construction to follow."...
 
I'm a retired senior executive from a large energy company. Over the years, I was part of several teams that brought multi-billion dollar projects from desktops to boardrooms to ribbon-cutting ceremonies.

I can't count the number of times we paused / backtracked / recalculated / reworked / etc. in order to fix a problem or to incorporate an opportunity that had materialized along the way. In deciding whether or not to do so, the first question was always whether it would become the critical path item on, or otherwise negatively impact the timing of, our GANTT chart.

If no, then it was a no-brainer to fix/pursue it, and that appears to be exactly what CNC is saying is the case here. No offense, but those who are upset by and/or selling this "delay" news obviously don't understand major project dynamics.
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