Electra Battery Materials Corp (ELBM)

[StockLogistics]

Hopefully no more offerings and a reliance now on revenue generated cash flow:

“Mr. Mell added, "The adoption of the U.S. Inflation Reduction Act provides strong incentives for the onshoring of the EV battery supply chain, which is already proving to be an important tailwind for our near-term prospects.

"In the coming weeks, we expect to launch our black mass recycling demonstration plant where we will apply our lab-tested hydrometallurgical process to separate up to 75 tonnes of high-value material contained in recycled lithium-ion batteries into discrete metals, including nickel, cobalt, copper, graphite and lithium, for resale and new cashflow opportunities. This demonstration plant will run in parallel with the ongoing commissioning of our cobalt sulfate refinery, the first of its kind in North America, which is expected to be completed in the spring of 2023."

Mr. Mell concluded, "Over the longer term, we are encouraged by the opportunities to expand into nickel sulfate production at our refinery in Ontario giving the findings of our scoping study and expand into cobalt sulfate production in Becancour, Quebec based on preliminary work completed to date."”