Electra Battery Materials Corp V.ELBM

Change of auditors

[WernHerr]

In response to my enquiry to ELBM Management, I received the following statement:


The simple fact is that MNP is it more cost effective solution. Prior to production, we concluded we did not need the services of a large global firm. As one of KPMG‘s smaller clients, their audit procedures were rather extensive for a small Canada and US-listed issuer like Electra.

That said, I quite like the KPMG Audit team. I have known them for years and they were very good to us. It was an amicable transition, and we have had no disagreements with them over their time as our auditor.

[greenstar1]

Thanks for sparingu this WernHerr.

[greenstar1]

I meant "sharing". Darned spell checker changed it in another language.

[Silverad0]

Cost effective solution, ya right.  Wernher what a load of nonsense. The big firms tailor an audit team to suit the size and complexity of the audit.  They also have rules and procedures that I would suggest is what the real problem is. What a disaster Trent and company are.  propped up by the likes of Wernher

[Starkicker]

WernHerr, did it occur to you that we don't need a big corporate  auditor because there is very little to audit? Not good if you're a business. This should be a thriving refinery - "North America's only cobalt refinery!" - by now, but there is no revenue and no refinery. The fact there was "no disagreement" makes it even worse. 

[Silverad0]

WernHerr is a company post.