![]() The Company also announces that Bryan Slusarchuk has resigned as a director of First Cobalt.Įlectra Battery Materials Corporation is a Canada-based company, which is focused on onshoring the electric vehicle (EV) supply chain and processing battery materials from its Refinery in Temiskaming Shores, Ontario. Jason Bontempo is a mining executive with 18 years experience in public company management, corporate advisory, investment banking and public company accounting, qualifying as a chartered accountant with Ernst & Young. He co-founded and serves as Chairman of B2Gold, a top performing growing gold producer which will achieve almost one million ounces of low cost gold production in 2018. Bob Cross is an engineer with 25 years of experience as a financier and company builder in the mining and oil & gas sectors. and has held senior executive and board positions with several natural resource exploration and development companies and is a proven company builder. He is currently Executive Chairman of Lithium X Energy Corp. Paul Matysek is a corporate entrepreneur, professional geochemist and geologist with over 30 years of experience in the mining industry. On completion of the merger, First Cobalt's Board will be reconstituted to include First Cobalt founder Bob Cross, Cobalt One chairman Paul Matysek and Cobalt One Executive Director Jason Bontempo. shareholders have approved the merger with First Cobalt, with 99.995% of votes cast in favour. This article is not paid-for content.First Cobalt Corp. Securities Disclosure: I, Amanda Kay, hold no direct investment interest in any company mentioned in this article.Įditorial Disclosure: eCobalt Solutions and First Cobalt are clients of the Investing News Network. This is an updated version of an article originally published by the Investing News Network in February 2018.ĭon’t forget to follow us at for real-time news updates! With cobalt prices down and Eight Capital’s continued confidence in the industry, do you see this as a buying opportunity? Tell us in the comments. It recently began testing cobalt hydroxide material as feedstock for its refinery. Lastly, First Cobalt owns a cobalt refinery, which it says is the only refinery in North America that can produce battery materials.įirst Cobalt has been drilling at Iron Creek throughout 2018, and completed the inferred resource for the asset in September. The company is also developing the Greater Cobalt project, which includes over 50 formerly producing mines. It has an inferred mineral resource of 26.9 million tonnes grading 0.11 percent cobalt equivalent. The third cobalt stock on the list is First Cobalt, an exploration and development company whose main focus is its Iron Creek project in Idaho. ![]() First Cobalt (TSXV: FCC)Ĭurrent share price: C$0.20 market cap: C$67.86 million Click here to see our latest interview with CEO Anthony Milewski. Later in the year it acquired a US$300-million cobalt stream on Vale’s (NYSE: VALE) Voisey’s Bay mine. The company owns physical cobalt, and signed a deal for the world’s first producing cobalt-nickel stream on the Ramu nickel-cobalt mine in May. ![]() The next cobalt stock listed is Cobalt 27 Capital, which bills itself as a leading electric metals investment vehicle with direct exposure to metals that are integral to battery technology. Cobalt 27 Capital (TSXV: KBLT)Ĭurrent share price: C$3.90 market cap: C$330.82 million These include additional properties in Idaho, as well as assets in Canada and Mexico. ![]() eCobalt discussed several aspects of progress and said a new feasibility study is in the last stretches of finalization.ĮCobalt also has a handful of other non-cobalt projects throughout North America. Its latest update on the asset came in October. eCobalt’s main asset is its Idaho cobalt project.Īccording to the company, the Idaho cobalt project is the only near-term, environmentally permitted primary cobalt deposit in the US. It is focused on providing clean cobalt products essential for the rapidly growing rechargeable battery and renewable energy sectors, made safely, responsibly and transparently in the US. The first cobalt stock on the list is eCobalt Solutions. eCobalt Solutions (TSX: ECS)Ĭurrent share price: C$0.66 market cap: C$105.63 million All stats were accurate at close of day on December 12, 2018. Here, the Investing News Network looks at the three cobalt stocks to watch identified by Eight Capital analysts David Talbot and Joseph Fars.
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