Electra Battery Materials Corp (NASDAQ: ELBM)

Electra Battery Materials Corp, also known as ELBM, operates in the battery materials refining and acquisition of resource properties industry. The company, which was incorporated in 2011, has undergone several name changes and rebranding efforts over the years and is now focused on building a diversified portfolio of assets that are highly leveraged to the electric vehicle supply chain, with assets primarily located in North America.

ELBM generates revenue primarily through the refining of battery materials, including cobalt, nickel, and manganese, as well as the acquisition and exploration of resource properties. The company's primary products include cobalt sulfate, nickel sulfate, and manganese sulfate, which are used in the production of lithium-ion batteries for electric vehicles.

The Refinery segment is a significant part of ELBM's business, as it is responsible for refining battery materials into high-purity products. The company's hydrometallurgical refinery is located in Ontario, Canada, and has the capacity to produce 4,500 tonnes of contained cobalt per year. The refinery uses a proprietary process to recover critical metals, including nickel, cobalt, and manganese, from black mass material, a byproduct of lithium-ion battery recycling.

In addition to its refinery segment, ELBM also has the Iron Creek Project, a cobalt-copper mineral project located in Idaho, USA. The project is considered a flagship asset for ELBM, and the company is focused on advancing the project through exploration and development. The Iron Creek Project has the potential to become a significant source of cobalt and copper for the electric vehicle industry.

Furthermore, ELBM has plans to establish the Battery Materials Park, a facility that will integrate with the Refinery and the Iron Creek Project to produce a range of battery-grade materials, including nickel, cobalt, and manganese. The park will also include a black mass recycling demonstration plant, which will use ELBM's proprietary process to recover critical metals from lithium-ion battery recycling.

ELBM is a relatively new player in the battery materials refining and resource properties industry but has quickly established itself as a significant player through its strategic acquisitions and partnerships. The company's focus on building a diversified portfolio of assets and its commitment to sustainability and low-carbon production have positioned it well for future growth.

ELBM's key competitors in the battery materials refining and resource properties industry include companies such as Glencore, Freeport-McMoRan, and Teck Resources. These companies have established themselves as major players in the industry through their large-scale operations and extensive resources.

ELBM's customers include major automotive companies such as LG Energy Solution, as well as other companies in the electric vehicle supply chain. The company's primary customers are located in North America and Asia, and it has established relationships with several major companies in these regions.