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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 > AGM
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Post by used2blongonprpon Oct 26, 2023 8:11pm
346 Views
Post# 35703286

AGM

AGM
Went to ELBM's AGM to get some straight answers to simple questions.  Some observations:
  • About 15 - 20 other people showed up.
  • Trent did a presentation that was light on specifics and heavy with BS.
  • Two questions he didn't answer:  Where is he going to get the money? When will ELBM go into production?
  • Trent got a lot of questions and a few of them got him rattled.  He couldn't answer a couple of questions and his IR guy had to step in. 
  • One shareholder made a good point that no other directors attended and asked why.   Trent's reponse was BS.  He said it was to save $$.
  • Trent tried to gloss over his screwups by claiming they were because of inflation and supply chain issues.  I told him he needs to stop making excuses.  I've lost a lot $$ on ELBM and won't likely get it back.
  • Conclusion:  Outlook for the company isn't promising  They need US$60M.  Doubt anyone is going to give ELBM a cheque while Trent is still CEO.
GLTA

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