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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 greenstar1on May 12, 2023 11:49am
178 Views
Post# 35445534

Trying to Find a Silver Lining

Trying to Find a Silver LiningIf Electra's viability survives this mad storm, then maybe a silver lining will have been some weak hands leaving (although I feel sorry for all who take a hit when leaving, including myself if I bail after a few years of waiting). I think it would also be nice if Electra was booted from the NASDAQ and just remain on the TSXV where it belongs. I can't see the benefits TM said NASDAQ would bring and I don't think this company has what it takes to be worthy of NASDAQ, at this point in time anyway. In my opinion, Electra tried to move ahead too fast, too soon and with too many initiatives - throw RS, COVID, inflation, supply chain issues and incompetence on top of that, and the result is a toxic mix - hopefully recovery is still possible from this day forward.
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