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US Cobalt Inc. (USCFF)

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Last Post: 6/4/2018 12:38:33 PM - Followers: 9 - Board type: Free - Posts Today: 0

US Cobalt

Corporate Address:
Suite 302, 1620 West 8th Avenue
Vancouver, British Columbia
V6J 1V4 Canada

+1 (604) 639-4457



US Cobalt. (TSX.V: USCO) (Frankfurt: 26X) (USA: USCFF) - http://uscobaltinc.com -US Cobalt is an exploration company focused on the acquisition and development of deposits of production grade metal which are critical components to power storage solutions including lithium-ion batteries for electric vehicles and consumer electronics. US Cobalt Inc.’s key assets are located in Idaho, Utah and Alberta.

Iron Creek Cobalt Property, Lemhi County, Idaho

The Iron Creek Cobalt Property is located in Lemhi County, Idaho, along the most prolific trend of cobalt mineralization in the USA, the Idaho Cobalt Belt. The property benefits from a substantial amount of historical exploratory work, including approximately 30,000 feet of diamond drilling, and the mining of 1,500 feet of underground workings.

Paradox Basin Lithium Brine Property

The Paradox Property consists of 111 mineral claims covering approximately 2,220 acres that contain eight historic oil and gas drill holes. The Paradox Property exists over an area with historic fluid analysis ranging from 81 to 1,700 ppm lithium in saturated minerals brines, which was previously disclosed by Voltaic Minerals Corp.’s press release of February 18, 2016. Well No.1 Long Canyon returned 500 ppm lithium. This well is located within 400 feet of the Paradox Property and is fully enclosed by the boundary (“Concentrated Subsurface Brines in the Moab Region, Utah”, Utah Geological and Mineralogical Survey, June 1965). The brine was discovered in the 1960s when over pressurized oil exploration wells encountered blowouts upon drilling.

The Paradox Basin area is a semi-desert region with an average of over 300 days of sunshine per year, existing infrastructure, and year-round access to road and rail.

The Paradox Property is located approximately 4 kilometres northwest of Intrepid Potash’s Cane Creek Operation and is contiguous to the north of Voltaic Minerals Corp.’s “Green Energy” lithium property. As disclosed in Intrepid Potash’s 2015 Annual Report, the Cane Creek Operation produced 93,000 tonnes of potash in 2015 through solution mining and solar evaporation ponds. The Property is approximately 530 miles east of Tesla’s Gigafactory in Nevada.

Approximately eight wells have been drilled on the Paradox Property with approximately 25 historic wells in the immediate area. Of these 25 historic wells, five near the Paradox Property have analytical data for lithium and are concurrent with a zone determined by the USGS to contain greater than 40% total dissolved solids in oil field brines. Lithium occurs at the basin in oversaturated mineral brine (40 per cent minerals, 60 per cent water) and was discovered during oil exploration when drill wells intercepted the main brine zone (clastic break 31) of the Paradox formation. The main brine zone is approximately 6,000 feet deep, and consists of 28 feet of shale, anhydrite and dolomite; the bed is not part of any oil reservoir. The fractured clastic zones form an excellent reservoir for brines derived from underlying evaporate units. The fracturing is caused by salt flowage, and it is possible that, when brine is removed from the zones, salt will flow into voids assisting to maintain the high reservoir pressure and high recovery of brine (“Concentrated Subsurface Brines in the Moab Region, Utah”, Utah Geological and Mineralogical Survey, June 1965).

Deep Valley Lithium Property

(Subject to Exchange Approval)

The Deep Valley Lithium Property (the “Property”) which is located in the Fox Creek – Sturgeon Lake area of west-central Alberta. The Property encompasses 6,648 ha (16,427 acres) and is located approximately 55 km due west of the community of Fox Creek.

The Property is underlain by Leduc Formation aquifers that are known to be highly enriched in lithium, potassium, boron, bromine and other commodities. Within the central part of the Property, historic samples of formation waters (brines) have returned 140 mg/L (ppm), which are amongst the highest values recorded within the Province of Alberta as reported by the ERCB in its report of October 2011 entitled “Geological Introduction to Lithium-Rich Formation Water with Emphasis on the Fox Creek Area of West-Central Alberta (NTS 83F and 83K)”.

Commonly, during the early history of oil wells in the area, there is a high oil-to-water extraction ratio. However, at present, most wells produce excessive amounts of formation water in comparison to petroleum. The formation water is treated as a waste product during the petroleum extraction process, after which the brine is re-injected into the subsurface. The level of extractability of lithium and other elements from the waste formation water is unclear and may require new technologies (some of which are being introduced and tested in Nevada brines).

Previous exploration and development in the region, related to petroleum operations, has provided potential access to regional infrastructure throughout the Fox Creek – Sturgeon Lake region. Infrastructure available includes wells, roads and power providing an economic advantage to future development.

US Cobalt Announces $5 Million Bought Private Placement


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#166   Our shares of us cobalt will be converted unit36 06/04/18 12:38:33 PM
#165   THanks Master ! too simple 03/28/18 05:14:38 PM
#164   Yes - First will have over 300M outstanding MasterSalix 03/28/18 03:05:22 PM
#163   Just trying to understand something . The roughly too simple 03/28/18 03:03:49 PM
#162   check this out..http://www.mining.com/canadas-first-cobalt-buys-us-explorer-crea KashGreen 03/15/18 06:09:23 PM
#161   Looks like a launching pad in to orbit! Scotttrader80 03/15/18 06:06:38 PM
#160   How about this cobalt price chart!!! http://www.infomine.com/investment/metal-pr KashGreen 03/15/18 06:05:10 PM
#159   As more EVs are developed I believe you Scotttrader80 03/15/18 05:05:23 PM
#158   With shortages coming and the big Cos. controling KashGreen 03/15/18 03:29:05 PM
#157   Magnesium might be as well. KashGreen 03/15/18 03:26:18 PM
#156   Not many know of this, no board chatter Scotttrader80 03/15/18 12:29:20 AM
#155   Acquisition of US Cobalt presentation by First Cobalt (website): http://firstco MasterSalix 03/14/18 11:33:55 PM
#154   Its my understanding that Cobalt is the most Scotttrader80 03/14/18 10:47:11 PM
#153   Excerpt From article in WSJ KashGreen 03/14/18 07:44:55 PM
#152   I'm keeping mine. Nothing to lose but much unit36 03/14/18 03:09:59 PM
#151   keep new shares if u held old, if KashGreen 03/14/18 02:51:15 PM
#150   keep the new co. its going to make KashGreen 03/14/18 02:49:51 PM
#149   Boom rteest 03/14/18 01:48:52 PM
#148   Now what happens? rteest 03/14/18 11:05:19 AM
#147   Go to to the OTC board and look unit36 03/14/18 10:12:56 AM
#146   Any input on stock price for both US YaBoyJerry1 03/14/18 09:29:35 AM
#145   NEWS First Cobalt (FTSSF) in friendly acquisition of US Cobalt. mitcheroo 03/14/18 09:11:33 AM
#144   Your iPhone is driving Apple to desperate measures MasterSalix 03/11/18 09:34:26 AM
#143   Just the way we like it, slow and consistent.. KashGreen 03/07/18 03:48:03 PM
#142   Agreed. Just watching it slowly creeping up. unit36 03/07/18 03:42:51 PM
#141   I think getting on radars now - still MasterSalix 03/07/18 03:41:38 PM
#140   I got lucky and picked up a thousand unit36 03/07/18 03:14:55 PM
#139   Either something is happening or US is just unit36 03/07/18 03:12:24 PM
#138   Looking good today - another 10%. MasterSalix 03/07/18 02:48:23 PM
#137   New 52 week coming soon....imo rteest 03/06/18 04:20:11 PM
#136   READ THIS; As Tesla (TSLA) attempts to KashGreen 03/05/18 11:00:58 PM
#135   Hi too, We are taking a leap here. I unit36 03/05/18 11:53:12 AM
#134   Thank you much ! I like what I too simple 03/05/18 10:27:11 AM
#133   There's this: mitcheroo 03/02/18 07:57:45 PM
#132   I too know of no analysts that currently MasterSalix 03/02/18 04:38:36 PM
#131   As far as I know, no analysis are unit36 03/02/18 04:15:32 PM
#130   I have been watching this and picked up too simple 03/02/18 02:31:57 PM
#129   I just picked up a 1k shares. unit36 03/02/18 12:46:14 PM
#128   I think it's still low. They are only unit36 03/02/18 12:42:37 PM
#127   I wish I woulda bought lower rteest 03/02/18 12:08:37 PM
#126   Price is slowly creeping up. unit36 03/01/18 11:58:03 AM
#125   Huge news today! Cobalt and copper! mitcheroo 03/01/18 11:13:27 AM
#124   And just 56 million shares sitting on how mitcheroo 02/24/18 12:35:24 PM
#123   https://www.cnbc.com/2018/02/23/why-companies-are-scrambling-for-the-once-little Rocketstockpix 02/24/18 03:57:37 AM
#122   I think our payoff will happen when they unit36 02/23/18 02:59:35 PM
#120   Nice action today +15% and good volume to boot... MasterSalix 02/23/18 02:36:44 PM
#119   They will catch up - I think it MasterSalix 02/13/18 06:38:25 PM
#118   Search "cobalt" in the news and the name mitcheroo 02/13/18 04:31:04 PM
#117   Found this interesting... https://www.wsj.com/articles/as-cobalt-prices-rise-co MasterSalix 02/06/18 06:57:25 PM