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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 Feb 07, 2024 12:29am
326 Views
Post# 35866748

RE:28tonnes shipped to customers…..

RE:28tonnes shipped to customers…..Yes MTwallet,
                         I anticipate from the 28 tonnes of nickel-cobalt MHP product shipped to customers that perhaps 40%+ (12 tonnes) of combined nickel and cobalt metal was sold, with the mix eventually approaching 50%...  and with nickel in the $16,000 region and Cobalt dropping from approx. $33,400 in mid-year 2023 to currently $29,135 the revenue might be in the order of magnitude of $275K US. At this particular stage the costs will be unreliable for many reasons (first batch processing; optimizing going-on; "pilot-opportunity" plant used; etc...   

This black mass process operation will be useful in the long-term, but the "real money" will be from an operating Cobalt plant, if/when it ever gets commissioned, 

Peace,
Good Decision-making to All,
ElJ
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