Electra Battery Materials Corp (ELBM)

[StockLogistics]

“Electra will supply 1,000 tonnes of cobalt contained in a cobalt sulfate product in 2023 and a further 3,000 tonnes in each of 2024 and 2025 under an agreed pricing mechanism.”

1000 x 55000 is 55 million, I think they expect the price of cobalt to increase to 70000 per ton in 2023 as demand increases so the 70 million would be for 2023 only, imo. As for the price drop these past two days, the chart has a gap at 2.90 which i expect to close by 10/21/22. The market has too much fear in it and tax selling season means to me to look towards the lower bollinger band and reversals for opportunities.