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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 greenstar1on Oct 31, 2023 1:13am
145 Views
Post# 35708603

RE:RE:RE:RE:RE:RE:AGM

RE:RE:RE:RE:RE:RE:AGMYou made some good points Starkicker. Definitely something to think about and keep in mind,

I was also just thinking that although inflation has not been good for Electra because it resulted in major cost overruns, if the company survives this and I think it will, as time goes by the refinery cost should effectively seem lower because a good chunk of its value was realized before the recent big inflation hits. Also, because of inflation, $revenues should go up over time and current debt should become relatively smaller in future money. For example I bought my house in 2006 for 230k and thought that was gougingly high. But over the years its value went up double due to inflation so the previous cost looks like a bargain.  Incomes also went up over the years due to inflation, so paying off 230k for the house is easier than it would be for a buyer today buying the same house (and in used shape, not new) for 460k. So inflation can have advantages over time for fixed assets and legacy debt.
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