Electra Battery Materials (ELBM) - European Expansion a Possibility

Matthew Gordon caught up with Trent Mell, President and CEO of Electra Battery Materials (TSX: ELBM) to discuss the plans the company has for the year and the milestones it reached in 2021.

Our previous interview: https://youtu.be/mhdP4JFcUG8

Electra Battery Materials is focused on building North America’s only fully integrated, localized and environmentally sustainable battery materials park. The park will host cobalt sulphate, nickel and battery precursor production facilities as well as a lithium-ion battery recycling facility. The company aims to serve both local and international markets.

Electra Battery Materials has recently announced an agreement with Glencore, which entails Glencore tolling approximately 1,000 tonnes of contained cobalt sulphate at the company’s cobalt production plant. The cobalt sulphate plant is fully funded, and the company aims to commission the plant in 2022. The agreement with Glencore also gives Electra Battery Materials the option to purchase additional cobalt hydroxide feed from Glencore.

The company recently raised CAD$ 51 million at the end of 2021 and is currently using those funds to further its cobalt sulphate production plant. The company further boasts a CAD$ 60 million in its treasury and anticipates an additional CAD$ 10 million from governmental initiatives.

The company plans to take a systematic and phased approach regarding its future developments and actions, with it focussing firstly on its cobalt sulphate production plant.
The second phase will see the company enter the lithium-ion battery recycling industry. The company plans to test its recycling technologies through a demonstration plant this summer where it will also show the quality of the produced product.

Electra Battery Materials plans to then move into either nickel or battery precursor material production with the help of a partnership.

Electra Battery Materials believes that its phased approach will give guidance to the market as well as end with a listing on the NASDAQ.

00:00 – Company Overview
00:26 – Grand Statements, Glencore Deal & Confidence Indication
05:03 – Raiding More Money, Offspec Material & Backdrop
09:36 – Refining Materials, Revenue Streams & Ballpark Recycling
13:39 – Actual Guidance, Thematic Company & Summer Demonstration Plan
17:45 – Closest Catalyst, Nickel Conversation & Managing Expectation
21:45 – Electro Battery Material, Stand-Alone Recycling Plant & Increasing The Nameplate
25:52 – Concrete Guidance, Year Progresses & Current Struggles
28:42 – Outro

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