Electra Battery Materials Corp (ELBM)

[DawgTrading]

Yea it was another offering but the funds raised here in my opinion while a bit dilutive isnt horrible. The refinery needs cash to get going, but they have supply deals lining up, and cathode producers are moving to NA to open manufacturing plants in 2022/23 from LG Chem I think and some others.

First Cobalt will have the sole cobalt sulphate refinery in all of North America feeding the EV cobalt market needs.

The initial jump from 0.14 or so was from the Canadian government granting/loaning out 10 million for refinery expansion and operational puposes, so its considered strategic by the govt. And the U.S. put cobalt on its strategics mineral list.

Working with Glencore as well, could be good or bad but I think net positive, even though I think they sometimes have some shady business practices imo.

Lots of positives for this one though should appreciate decently through 2025. Im just slowly adding when i can.