Phoenix, Arizona--(Newsfile Corp. - March 10, 2022) - The Stock Day Podcast welcomed Electra Battery Materials (OTCQX: ELBMF) ("the Company"), a company planning to build a fully integrated, localized and environmentally sustainable battery materials park. CEO of the Company, Trent Mell, joined Stock Day host Everett Jolly.
"Could you tell us about Electra's battery material park study that the Canadian government has funded?", asked Jolly. "Our cobalt plant will be up and running in December," shared Mell. "The recycling part of our strategy is coming together," he added. "We launched a study with Glencore, Talon Metals, the government of Canada and the government of Ontario, all participating and funding, to try to understand what a nickel plant would look like," said Mell. "It will be a six-month study, but there will be a couple of milestones along the way that we will be able to share with the market."
"Why are electric battery materials important for North America?", asked Jolly. "It is not easy to permit mining and refining operations in America," explained Mell. "Canada is a logical place; there is clean hydroelectric power, a permitting regime, and the infrastructure and manpower," he said. "In 2025, a lot of the new models are coming on stream."
"Are you going to be producing cobalt and nickel, or are you going to be buying it from a secondary source?", asked Jolly. "It is probably best to think of us first and foremost as a chemical company," said Mell. "We are buying raw material out in the market and then we are converting it into a usable form for the battery."
"What are Glencore and Talon going to do for you?", asked Jolly. "With Glencore and Talon, a lot of their nickel supplies are here in North America, which could lower the carbon footprint," said Mell. "We may or may not end up partnering with these companies, but we all want to get a sense of what a nickel plant of this nature would look like in North America."
"How does your company fit into the growth of the EV market?", asked Jolly. "Globally EV sales doubled last year, and we're starting to get the kind of vehicles that you and I want to drive," said Mell. "Our timeline to production aligns very well with purchase intentions of American consumers," he explained, adding that without North American production, consumers will be forced to purchase batteries abroad.
To close the interview, Mell elaborated on the Company's mission to create an environmentally friendly cobalt production process, while also noting the Company's current valuation which remains undervalued as they continue to move closer to production.
To hear Trent Mell's entire interview, follow the link to the podcast here: https://audioboom.com/posts/8045103-electra-battery-materials-discusses-battery-material-park-study-and-upcoming-production-with-the.
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About Electra Battery Materials
Electra is planning to build a 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 also owns the advanced exploration-stage Iron Creek cobalt-copper project in Idaho, USA. 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.
On behalf of Electra Battery Materials.
Trent Mell
Chief Executive Officer
416 900-3891
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This news release may contain forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects', "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved". Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements are set forth in the management discussion and analysis and other disclosures of risk factors for Electra Battery Materials Corporation, filed on SEDAR at www.sedar.com. Although Electra Battery Materials Corporation believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, Electra Battery Materials Corporation disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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