Electra Battery Materials Corp (ELBM)

[unit36]

Electra and Rock Tech Lithium sign Lithium Recycling MOU for North American Market

https://electrabmc.com/electra-and-rock-tech-lithium-sign-lithium-recycling-mou-for-north-american-market/

[geenback]

Electra's name was mentioned in this article. It would certainly help make up the money needed to finish their plant without share dilution. Plus if they make an announcement that they are receiving part of this it will definitely send the share price up.

" The long-awaited Critical Minerals Infrastructure Fund (CMIF) launched on Monday, and several northern Ontario mining companies are hopeful their projects will be selected by Ottawa.

With $1.5 billion available over the next seven years, there is a lot of money at play. Up to $300 million is available in the first call for proposals, which ends in late February.

The program has two streams. One focuses on pre-construction and project development, and the other looks at infrastructure deployment.

It is a cornerstone of Canada's critical minerals strategy, which aims to help the country become a major player in the global mining supply chain as the world tries to move towards a lower-carbon economy.

Selected companies could access up to $50 million in funding per project, a sum large enough to help "unlock" major deposits, according to Canada Nickel CEO Mark Selby.
If it eventually manages to reach full production, that company will be the only cobalt refinery in North America. Cobalt is another important metal found in lithium-ion batteries.

CEO Trent Mell has been eyeing all government programs since the project ran out of funds earlier this summer.

Funding from CMIF would almost be enough to cover the missing $60 million US the company needs to complete the project.

"This program could get us into production in well under two years," said Mell. "This would be a huge opportunity."

Canada's critical mineral list includes 31 minerals, with lithium, graphite, nickel, cobalt, copper and rare earth elements considered a priority.

[unit36]

Corrected: Release the earnings today and call tomorrow.

[unit36]

Electra Battery Materials Q3 2023 Results Call Today.

https://electrabmc.com/electra-battery-materials-q3-2023-results-call/

[unit36]

We are going to need to wait until they start getting some cash flow going. Once they start billing and showing income, we will start seeing this stock rise. Until then, we are going to have to take it....

I thought we would be further along on stock price and production but didn't anticipate high interest rates and costs. We will get thru this and we will be rewarded. It will just be much further down the road than originally thought/hope for.

[DawgTrading]

$ELBM What a waste of a company this turned out to be. Hoping for some type of good news to close the year out.

[unit36]

Electra Provides Update on Cobalt Refinery Project

https://electrabmc.com/electra-provides-update-on-cobalt-refinery-project/

[unit36]

All this started when Trent sold us out for $1.10 per share and the market price was $ 1.76 on 8/2. If he really believes in this company, he should have sold those shares for more. I voted against him in the proxy. We need someone who believes in the company.

[KashGreen]

Someone knows something we don't... Just keeps going down. Where is the co..

[Monksdream]

ELBM new 52 week low

[Monksdream]

ELBM new 52 week low

[KashGreen]

People selling now have to be losing money. Must be a reason.

[KashGreen]

ELBM rated a strong buy today by Zack's.

[Monksdream]

ELBM new 52 week low

[DawgTrading]

$ELBM FFS is this the bottom?!?! ... lowest its ever been... pre RS it would have been about 0.03 per share.

[Monksdream]

ELBM new 52 week low

[Monksdream]

ELBM new 52 week low

[KashGreen]

Don't know. There are so many pump scammers out there.

[John_Vallay]

Is the buy rating independent
or did the company pay for a research report

if the buy rating by a bank doing a banking deal or any sort of conflict

[KashGreen]

Electra Battery Materials Corporation (ELBM) Upgraded to Buy: Here's What You Should Know

11:00 am ET August 23, 2023 (Zacks) Print

Electra Battery Materials Corporation (ELBM) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.

The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.

As such, the Zacks rating upgrade for Electra Battery Materials Corporation is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.

Most Powerful Force Impacting Stock Prices

The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

For Electra Battery Materials Corporation, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate Revisio

[Monksdream]

ELBM new 52 week low

[DawgTrading]

Market Maker (hedge funds), and it could even be the ones putting price targets out there (wainwright etc.)... they sell shares short doesnt matter if they borrowed them or not properly and settled the trades. For them it raises cash, and since the volume isnt enough for them to worry about covering, they wipe out accounts as they can stay solvent much longer than retail usually can.

There is also the shares that were bought in the private placement, they could just be selling those on the market at a loss even to recoup some cash from those placements, and then theyll have plenty still to sell later if/when the price recovers.

Look at the short interest jumping higher now they have no immediate need to cover those.

08/15/2023 1,672,407
07/31/2023 1,355,779
07/14/2023 719,534

https://www.nasdaq.com/market-activity/stocks/elbm/short-interest

[KashGreen]

Don't understand the selling at these prices. Doesn't make sense.

[DawgTrading]

Daily DOJI

[DawgTrading]

$ELBM might add a few more... nice bid showing hopefully not a OCO bid... is the bottom set in?

[unit36]

I just did the same @.69

[DawgTrading]

Added a few hundro at 0.68 keeps bouncing off the all time low... lets see

[Monksdream]

ELBM new 52 week low

[DawgTrading]

Erremmm maybe not lol... relentless selling and shorting.

[DawgTrading]

$ELBM So far good adds yesterday.

[unit36]

Electra Battery Materials Reports Q2 2023 Results and Provides Update on Cobalt Refinery Project and Black Mass Recycling Trial

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2062-tsx-venture/elbm/146667-electra-reports-q2-2023-results-and-provides-update-on-cobalt-refinery-project-and-black-mass-recycling-trial.html

[Monksdream]

ELBM new 52 week low

[DawgTrading]

Thats all wrapped up and done... The offering USD price is 0.81... the CAD price is 1.10


That private placement shares are non-restricted so if they want to sell higher or lower they can.

[KashGreen]

I grabbed another 9k. great buying opportunity. When does the private placement wrap up???

[DawgTrading]

I think ill add a few here. Lets see.

[KashGreen]

Good call.

[DawgTrading]

I still feel that way just didnt think it would take this long either... they keep adding businesses and going into debt... i mean okay fine create a materials park for cobalt, nickle etc. and also a battery recycle park... as well as work to expand all at once.

But they keep going into debt and needing financing... they need to get operating this year.

[unit36]

I think it was you that said once they start showing revenue, it will move and I agree. I'm just buying and holding for payday. I may have to wait a few more years.

[Monksdream]

ELBM new 52 week low

[DawgTrading]

Waiting to see if they drop this back into the 0.70s but it seems to be consolidating on the 0.80 line.

Just holding what ive got here... i think good DCA I have in the mid 0.9X's

[unit36]

I just picked up a couple of hundred shares this morning.

[DawgTrading]

I picked up a few more in the 90s and 80s again... if this dips into the 70s i think ill be loading much more.

New all time low yaaaay LMFAO

[DawgTrading]

Manipulative bastard short selling hedge funds... will never stop selling short so long as they can.

Once revenue flows... hopefully that will change.

[KashGreen]

Why would anyone sell at these prices??? I Am I one of a few who see the potential of this stock.. Especially now that they got more cash to complete the projects.. Is there something I don't know??

[KashGreen]

Amazing how small the float is. when buying starts it could have some big moves.

[DawgTrading]

$ELBM will it make another all time low :/

Ima look to add more in the mid 70s if it does.

[DawgTrading]

I was lucky enough to catch this dip again... I sold basically my whole position on the MM cover spike a few days/weeks back.

Reentered around 0.94 for 800 shares.

Ill hold for now, I see it might be catching a base in the 0.80s... if it dips lower ill probably CDA this down.

[unit36]

I bought 300 shares this morning @$.87. Long term this will pay off, but in the short term we are going to be in pain.

[DawgTrading]

Rinse Repeat.. is this ready for a buy again.

[unit36]

Electra Announces Upsized Brokered Private Placement and Coincident Non-Brokered Placement for Gross Proceeds of up to $21.5 Million

https://electrabmc.com/electra-announces-upsized-brokered-private-placement-and-coincident-non-brokered-placement-for-gross-proceeds-of-up-to-21-5-million/