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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 ElJon Jan 17, 2024 8:27pm
197 Views
Post# 35832610

RE:Electra

RE:ElectraIn addition to the interesting "ownership breakdown" identified in post Id  # 35806081 I draw attention to another aspect of trading in Electra shares...

The trading platforms have shown the following Share Volume distribution profile (examples) of trading: 

Platform......   January 17,2024 .......  Jan 1 - Jan 17, 2024
TSXV                     33.8 K                          1.14 million
CC                         64.6 K                           2.44 million
AQL                       4.5 K                             0.11 million
LNX                       0.5 K                             0.0009 million
US                         46.5 K                           2.14 million      (one day less...  Jan 15th was closed)

Price movement (up or down) will clearly depend on resolving the drastic delay in plant build which has generated the "Funding crisis"; Cobalt plant equipment installation and commissioning;  and operational effectiveness.

Current Black Mass success, through temporarily adapting part of the future cobalt processing plant, is modest, relative to the main cobalt production target,

Peace,
Good Decision-making to All,
ElJ  
       
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