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 > PP at $1.10 & Options at $1.74

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Comment by ElJon Aug 05, 2023 11:24pm

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Post# 35575206

RE:RE:RE:RE:RE:RE:PP at $1.10 & Options at $1.74

Thank you WernHerr, and we should all be aware that the conversion of the bonds you referenced would result in a further 20.6 million additional shares, at $2.48 conversion price, replacing our $51 million debt(which is at 8.99%). Financing of junior start-up operations with their associated uncertainties and risks, is naturally not cheap but some "self funding" through operations cashflow is more desirable than share price lingering below $1.74 or below $2.48.

Peace,
Good Decision-making to all,
ElJ

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