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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 dothemathpeopleon Mar 05, 2024 10:04am
184 Views
Post# 35915536

RE:Becoming First Cobalt Refinery in North America V.ELBM

RE:Becoming First Cobalt Refinery in North America V.ELBMJust in time for cobalt to be shelved in favour of other battery metals.  This is and was a money pit from the very beginning, a cash grab all the way along, and a massive pay off for ALL the insiders of FCC/ELBM.  Trent makes what, $500k/year?  And has delivered what exactly? Disappointment after disappointment, consistently lower share prices, massive debt, timing delays and deadline misses, cost over runs, make that massive cost over runs almost DOUBLING the spend on the original esimate, and STILL, bubkis.  That facility is still a white elephant with a fresh paint job...and needs what, $60,000,000 MORE to complete?  Yeah.  Right.  Trent and all his goomba associates should not get paid until the job is done.  Lord knows they have already gotten paid 10's of millions of dollars to deliver sound bites, video clips, and ALL the BS catch phrases, strung together, into one jumbled cliusterfaulk.  Just like this ahem "company".  One.  Giant.  Clusterfaulk.  You can thank Trent Mell for all of it.
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