Electra Battery Materials Corp V.ELBM

Electra Secures Game-Changing Department of Defense Contract

[Betteryear2]

1,497 Views Aug 27, 2024

In this interview, Trent Mell, CEO of Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM), discusses some exciting news. The company just received $20 million from the U.S. Department of Defense to help build a cobalt refinery in Canada. This is part of a bigger plan to reduce reliance on China for important minerals. Trent explains that this money gets them closer to their $60 million goal for starting production. He talks about their work on recycling technology and other funding they're looking into. Trent also shares his thoughts on the changing battery market and how cobalt fits in, mentioning that demand for their product is expected to double in the next five years. The main focus right now is getting their cobalt plant up and running, which they hope will happen around 2026.
Electra Secures Game-Changing Department of Defense Contract | Trent Mell - YouTube

[dothemathpeople]

Nonsense.  Trent/elbm has already made their deal to buy cobalt/cons from a company mining in the DRC.  So the "reduce the reliance on China" thing is total BS.  ELBM's cobalt will come from the DRC. Period.

[ATISTech1]

Please view the following and respond. https://youtu.be/pax-Kz5c5LM?si=BwTbFAi8AoqotRFf Seems legit to me.

[red]

True and That was the deal with Glencore.... announced years ago - which struck many as odd given the controversy surrounding not so DRC - with ELBM in Indonesia maybe something will change for the better on that front. 

[1930modelA]

When do they get the.money and when are they restarting construction. There is likely work that should be completed before heavy snow fall.  Or do they have to find the rest of the funding before the DOD will fund the $20M?

[dothemathpeople]

I believe they still need about 3 times what the USDOD just "gave" them, to finish, and so possibly start, construction again.  So that would be another $60,000,000.   But not to worry, Weks is on the scene...surely they already have something cooking, why else would these guys come in???? How's the NASDAQ min maintenance requirments coming along????  They gonna

[throwaway11]

It's slightly remarkable Apple hasn't stepped in so far. I say only slightly because Apple is great at aesthetically making themselves look sophisticated but ethically they are easily worse than most other tech companies.