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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 ToeBeanson Feb 12, 2024 12:04pm
302 Views
Post# 35875666

RE:RE:……

RE:RE:……

Noow I want comments that are factually correct. Maybe this is why you are so grumpy. You aren't keeping up with the facts.

The Precious $5,000,000 Federal government announcement was part of a $10,000,000 package that consisted of $5,000,000 interest free loan from the Feds and a $5,000,000 grant from the province of Ontario. It was announced December 16, 2020 if you feel you need to go look. If you really want to dig the government website has it as agreement number 513186


Current announcement is for a $5,000,000 grant from the federal government. Not the same as the 2020 loan.

If you had taken the time to actually read the governments release you would have seen the following:

 

Provided through FedNor’s Regional Economic Growth through Innovation (REGI) program, this strategic investment builds on the Government of Canada’s initial investment of $5 million, announced in 2020.

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