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 > LG Deal - 19,000 tonnes

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Comment by WernHerron Jul 26, 2023 4:27am

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Post# 35557147

RE:RE:LG Deal - 19,000 tonnes

increase of outstanding share by about 19M.

How come?

ELBM announcement: "...best-efforts" private placement (the
"Marketed Offering") for the sale of up to 9,090,909 Units of the Company..."

"The Company has granted the Agents an option, exercisable up to 48 hours prior to the Closing Date, which is exercisable to sell up to 1,363,636 additional Units..."

So in total, a maximum of 10 million+something.

The private placement is going very successfully I believe. Why complain all the time?

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