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    ELBM   CA28474P1027

ELECTRA BATTERY MATERIALS CORPORATION

(ELBM)
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First Cobalt : Meeting with Ontario Premier Doug Ford and Key Ministers

12/01/2021 | 10:01am EST

[Link]

Dear Stakeholders,

Yesterday we had the pleasure of meeting with Doug Ford, the Premier of Ontario, as well as Vic Fedeli (Minister of Economic Development, Job Creation and Trade), and Greg Rickford (Minister of Northern Development, Mines, Natural Resources and Forestry and Minister of Indigenous Affairs).

We discussed our plans to develop Electra's Battery Materials Park, making Ontario the first location in North America to bring together battery grade nickel production, cobalt production, battery recycling and precursor manufacturing in one location. There is tremendous enthusiasm from the Government towards building Made-in-Ontario supply chains and we look forward to collaborating with Ontario on future initiatives towards this shared vision.

The Government of Ontario has been a tremendous partner for Electra and were early financial backers of our Refinery project. We are grateful to the Premier and his team for their ongoing support for the development of North America's only permitted cobalt refinery which will have the lowest carbon footprint of any refinery anywhere in the world.

Electra is building North America's only fully integrated, localized and environmentally sustainable battery materials park. Leveraging the company's own mining assets and business partners, the Electra Battery Materials Park will host cobalt and nickel sulfate production plants, a large-scale lithium-ion battery recycling facility, and battery precursor materials production, which will serve both North American and global customers. Electra Battery Materials is an integral part of the North American battery supply chain, providing low-carbon, sustainable and traceable raw materials for the region's fast growing electric vehicle industry.

Trent Mell

Chief Executive Officer

Disclaimer

First Cobalt Corp. published this content on 01 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2021 15:00:06 UTC.


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Financials
Sales 2021 - - -
Net income 2021 -12,0 M -9,57 M -9,57 M
Net Debt 2021 - - -
P/E ratio 2021 -15,5x
Yield 2021 -
Capitalization 173 M 138 M 138 M
Capi. / Sales 2021 -
Capi. / Sales 2022 4,96x
Nbr of Employees 6
Free-Float 98,8%
Chart ELECTRA BATTERY MATERIALS CORPORATION
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Electra Battery Materials Corporation Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 3
Last Close Price 0,31 CAD
Average target price 0,75 CAD
Spread / Average Target 142%
EPS Revisions
Managers and Directors
Trent C. A. Mell President, Chief Executive Officer & Director
Ryan Snyder Chief Financial Officer
John J. Pollesel Chairman
Sabrina Gunness Head-Administration
Garett MacDonald Independent Director