Electra Battery Materials Corp V.ELBM

Electra Awarded $5 Million from Government of Canada

[Betteryear2]

June 10, 2024 11:43 AM Eastern Daylight Time

TORONTO--(BUSINESS WIRE)--Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) today announced that it has received $5 million in contribution funding from Natural Resources Canada to support the development of its proprietary battery materials recycling technology.

Electra Awarded $5 Million from Government of Canada to Advance Development of Proprietary Battery Metals Recycling Technology | Business Wire

[ElJ]

Summary selected Extracts and Question: “While recycling critical minerals is part of our business strategy, we also remain focused on the construction of our cobalt sulfate refinery and look forward to updating the market with funding developments to restart construction.” Question relating to the News Release:  Will the planned accelerated next phase of the Black Mass recycling project

[dothemathpeople]

Profitable?  Is that AFTER they use their deficit?  What are they into this pig, or should I say White Elephant so far?  Not including executive salary and compensation?

[dothemathpeople]

How many times have they PR'd this money?  I think this is the 5th or 6th time. Same money.  Different day.  Same money.  NOTHING new here. Now they are only $60,000,000 U$D away from...likely another budget adjustment higher...