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Bullboard - Stock Discussion Forum 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... see more

TSXV:ELBM - Post Discussion

Electra Battery Materials Corp > Toyota in the run for nickel and cobalt and perhaps for FCC?
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Post by DoekeGouda on Feb 17, 2021 5:11am

Toyota in the run for nickel and cobalt and perhaps for FCC?

https://stockhouse.com/news/press-releases/2021/02/16/nickel-markets-energized-by-toyota-s-return-to-electric-vehicles 

This are the most important parts of the announcement:

Last week, Toyota of North America announced it will unveil a new hybrid model as well as not only one, but two brand-new fully electric models over this year , to be commercialized as early as 2022. The company showed continuous hesitance in committing to the EV market – a decision that’s left it lagging behind its competitors.

Seeing that Toyota hasn’t looked back at fully electric units since the California-exclusive RAV4 EV far back in 2014, this is big news. Not only will they offer two new models but will do so across the entire US instead of only in one state.
 

Canada Nickel Company Inc. ( TSX: CNC ) acquires, explores, develops, and produces nickel sulphide assets. Its flagship property is the 100% owned Crawford Nickel-Cobalt Sulphide Project located in northern Ontario, Canada. The company was incorporated in 2019 and is headquartered in Toronto, Canada.

CNC is advancing the next generation of high quality, high potential nickel-cobalt projects to deliver the materials required to power the electric vehicle boon. It employs top-of-the-line nickel expertise and is focused on low-risk, well-established mining jurisdictions.

Comment by Budcomags4 on Feb 17, 2021 6:13am
Not trying to be a jerk, but I am confused by the release.  Did CNC sign a contract with Toyota to supply cobalt?  What is the link with FCC?
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