Announcement Date: 2022-03-14
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Electra Battery Materials Corp.
Project name: Iron Creek
Location: United States
Commodities: Copper,Cobalt
Highlight: Drilling results incl. 52.2m @ 0.63% Cu, 0.05% Co from 285.3m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TORONTO, ON – (March 14, 2022) – Electra Battery Materials Corporation (TSX-V: ELBM; OTCQX: ELBMF) (“Electra”) is pleased to announce that drill results to the west of its Iron Creek cobalt-copper project has successfully extended mineralization by 130 metres along strike and by 110 metres at depth. Electra Battery Materials’ Iron Creek Project is located in the Idaho Cobalt Belt and is one of the few primary cobalt deposits in the world. The Company completed 30,000 metres of drilling from 2017 to 2019 before pausing exploration to focus on developing its battery materials park in Canada, which will be commissioned in phases starting in Q4 2022. www.ElectraBMC.com 2 Iron Creek currently has an NI 43-101 compliant Mineral Resource Estimate, outlining an Indicated Resource of 2.2 million tonnes at 0.32% cobalt equivalent (0.26% cobalt and 0.61% copper) for 12.3 million pounds of contained cobalt and Inferred Resource of 2.7 million tonnes at 0.28% cobalt equivalent (0.22% cobalt and 0.68% copper) for an additional 12.7 million pounds of contained cobalt. There is potential to extend mineralization in all directions with ongoing drilling.
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