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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 SKLASSENon Nov 03, 2003 8:48pm
108 Views
Post# 6598271

RE: Latest 3rdQ Results Not Very Inspiring

RE: Latest 3rdQ Results Not Very InspiringHi jjward, I agree that the results are not very inspiring. The results are lower than last year mainly due to the onetime refinancing charges and penalties for getting out of the bank financing agreement. The agreement was onerous as it had many convenants and restrictions and it made sense for the company to get out of it. Also, last year the company made a bunch by hedging its copper sales where as the since the copper price has increased the hedging profits are lower, but they are offset by higher profits on the sale. What I am excited about is the future copper prices and how it will really help AUR's earnings. Another neat thing about AUR is that last year its cashflow was over $.60 US per share and that will increase as revenues rise. AUR is still very solid investment, high positive cashflow, high liquid assets, and neglible current debt, and easily affordable long-term debt. I see AUR as potential takeover target. Who was buying the 1.3 millions shares sold yesterday? I am defintetly long in this one. Good Luck, Cheers SKLASSEN
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