Bullboard - Stock Discussion Forum Electra Battery Materials Corp V.ELBM

Alternate Symbol(s): ELBM

Metals & Mining Industrial Metals & Minerals

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

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TSXV:ELBM - Post Discussion

Electra Battery Materials Corp > I think I read ...

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Post by Rockafellow2 on Aug 17, 2023 10:53am

I think I read ...

That they needed about 21 million to complete the refinery ... So producing something is positive and looking forward seems positive to me ... August is the worst month for all stocks and so a good time to
Load up...
Imo

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Comment by Starkicker on Aug 17, 2023 11:48am

Definitely good to be optimistic, but also a little cynical. I'm not so sure September or October are going to be very kind to stocks this year either. Very tough economic conditions for a start-up with no revenue. Glta.

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Comment by HOURGLASSCANADA on Aug 17, 2023 3:10pm

You gotta be kidding with the 21 million, no

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Comment by Starkicker on Aug 17, 2023 8:16pm

Here's your answer to that... a little more than $21M... more like $70-80M. The total capital spend for completing the refinery project is currently estimated at $155 to $167 million of which $81.7 million of capitalized development costs have been incurred to date.

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Comment by OldGuard on Aug 18, 2023 6:38am

Is there any evidence that they have actually built anything so far, or has the entire first $81.7 million all just gone to consultants and executives?

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