US Cobalt Inc. (USCFF)

[unit36]

Our shares of us cobalt will be converted into first cobalt tomorrow. Hopefully we will see a nice return in a few years.

[too simple]

THanks Master !

[MasterSalix]

Yes - First will have over 300M outstanding when deal is done - check out presentation on merger on First’s website - it lays it all out.

[too simple]

Just trying to understand something . The roughly 68m ( uscff) outstanding shares will be converted to about 102m ( first colbalts shares) which increases their number of outstanding shares . Am I thinking right ?

[KashGreen]

check this out..http://www.mining.com/canadas-first-cobalt-buys-us-explorer-creates-key-supplier-outside-congo/

[Scotttrader80]

Looks like a launching pad in to orbit!

[KashGreen]

How about this cobalt price chart!!! http://www.infomine.com/investment/metal-prices/cobalt/1-week/

[Scotttrader80]

As more EVs are developed I believe you may be right!

[KashGreen]

With shortages coming and the big Cos. controling whats out there with very long term contracts. Cobalt stocks should explode.

[KashGreen]

Magnesium might be as well.

[Scotttrader80]

Not many know of this, no board chatter in the other camp, strange but exciting to see this merger

[MasterSalix]

Acquisition of US Cobalt presentation by First Cobalt (website):

http://firstcobalt.com/_resources/presentations/presentation.pdf?v=0.940

[Scotttrader80]

Its my understanding that Cobalt is the most critical element needed for electric vehicles, more than its other mineral counterparts

[KashGreen]

Excerpt From article in WSJ

Even with the battery-purchase deals, Volkswagen’s power-supply issues are still far from over. The company, which has struggled to secure sources of cobalt, a critical component for modern batteries, said that it’s working on ways to reduce the amount of the element needed for its electric cars, suggesting ongoing concerns even after setting up supplies for its initial electric-car rollout.

The automaker has enough cobalt for those vehicles, but access to the metal remains a long-term issue industrywide, Chief Financial Officer Frank Witter told Bloomberg TV.

P

[unit36]

I'm keeping mine. Nothing to lose but much to gain.

[KashGreen]

keep new shares if u held old, if not buy FTSSF. There will be big moves.

[KashGreen]

keep the new co. its going to make some big moves.

[rteest]

Boom

[rteest]

Now what happens?

[unit36]

Go to to the OTC board and look under uscobalt. They have a pretty good article about the aquasition.

[YaBoyJerry1]

Any input on stock price for both US n First cobalt?

[mitcheroo]

NEWS

First Cobalt (FTSSF) in friendly acquisition of US Cobalt.

1.5 shares of FTSSF to be exchanged for each share of USCFF.

[MasterSalix]

Your iPhone is driving Apple to desperate measures in a race that’s bad for the planet -

Https://apple.news/AJDJRdq6_StGalnhU_ew6bw

[KashGreen]

Just the way we like it, slow and consistent..

[unit36]

Agreed. Just watching it slowly creeping up.

[MasterSalix]

I think getting on radars now - still have a ways to go to meet peers - lots of upside still here...

[unit36]

I got lucky and picked up a thousand shares first thing this morning.

[unit36]

Either something is happening or US is just getting on radars.

[MasterSalix]

Looking good today - another 10%.

[rteest]

New 52 week coming soon....imo

[KashGreen]

READ THIS; As Tesla (TSLA) attempts to ramp up battery pack production for its Model 3 - cobalt prices continue to soar higher, making cobalt the world's #1 best performing asset with the strongest current uptrend. Elon Musk could soon have a panick attack over TSLA's rapidly rising raw material costs! Investors in U.S. Cobalt (TSXV: USCO) appear to be best positioned to capitalize most off of TSLA's misfortune!
The current Cobalt boom appears to be accelerating and threatens to destroy Elon Musk's capital base that he so desperately needs to retain for combating global warming while simultaneously funding his dream of making humans a multi-planetary species.

The lithium-ion batteries used today to power Teslas and the high performance electric vehicles produced by BMW – contain 21 kilograms of cobalt. Earlier this month, before cobalt exploded by $4,500 to a new decade high of $79,750 per metric ton, Bloomberg published an article about how automakers are beginning to feel the cobalt crunch. When BMW first revealed in October 2016 that it was designing electric versions of its X3 SUV and Mini, its cobalt raw material costs per vehicle were only $600.

Their cobalt raw material costs had already reached $1.700 on January 11th when Bloomberg published this article – and today it is now up to $1,800! That’s correct, the cost for Tesla and BMW to secure the cobalt raw materials needed for the lithium-ion batteries used in their electric vehicles have TRIPLED in 15 months to $1,800! In the low margin automobile manufacturing business, a $1,200 cost increase is a BIG deal!

In 2018, USCO is set to become the first ever company to build a 43-101 compliant cobalt resource at a high grade primary cobalt project located in North America! Right now, 60% of the cobalt produced globally comes from Congo and shares of the #1 cobalt explorer in Congo: Katanga Mining (TSX: KAT) have gained over 1,350% over the last twelve months – with its market cap surpassing $5 BILLION! USCO’s current market cap at $0.85 per share is only $42.755 million! This will NOT last!

[unit36]

Hi too,

We are taking a leap here. I think we are in a good position. History and new drilling samples confirm the cobalt grade and the potential volume. All we can do is wait and see what happens.

[too simple]

Thank you much ! I like what I have read so far, but very new to this sector . I am in , taking a leap of faith here .

[mitcheroo]

There's this:

https://investingnews.com/daily/resource-investing/critical-metals-investing/cobalt-investing/cobalt-stocks-to-watch/

[MasterSalix]

I too know of no analysts that currently follow this one in particular.

However, there is a pretty good monthly news letter from Matt Bohlsen (High Net Worth Financial Advising) on Seeking Alpha. Usually nothing specific on US Cobalt, but it is a good place to see the broader cobalt picture for each month and who else is doing what; it does mention the juniors as well...

As far as US Cobalt is concerned, I think it is undervalued based on its peers. Companies like eCobalt and First Cobalt (other junior miners) have M/Cs that are multiples more than US Cobalt, but their potential source and their timelines for extracting are not all that much more advanced. JMHO - with a M/C of less than $50M, I think we have much room to move over the near and long term here. GL2U.

[unit36]

As far as I know, no analysis are following it. Still off the radar. If I remember correctly, I read some time ago that they planned on full production in the fall of 2020. Again, this is a ways back. You can search us cobalts website and her an idea of the work they are doing.

[too simple]

I have been watching this and picked up my first position about 2 weeks ago. Are there any analyst ( that are knowledgeable) that are following this company? I am trying to see what kind of projections and time frames are involved here ( trying to learn quick ) . Any help would be appreciated! Good luck to all !

[unit36]

I just picked up a 1k shares.

[unit36]

I think it's still low. They are only drilling for samples now. Once they actually start mining and selling I think it will pop. Jmo

[rteest]

I wish I woulda bought lower

[unit36]

Price is slowly creeping up.

[mitcheroo]

Huge news today! Cobalt and copper!

Thicknesses and percentages, grouped by drill hole:

12.8 feet, grading 0.23% Co + 3.53% Cu, hole IC17-24

4.6 feet, grading 0.44% Co + 3.89% Cu, hole IC17-24

2.8 feet, grading 0.53% Co + 0.01% Cu, hole IC17-27

8.0 feet, grading 0.71% Co + 0.01% Cu, hole IC17-29
12.1 feet, grading 0.60% Co + 1.11% Cu, hole IC17-29
5.5 feet, grading 0.71% Co + 1.23%Cu, hole IC17-29

4.8 feet, grading 0.09% Co + 11.28% Cu, hole IC17-30
8.2 feet, grading 0.47% Co + 0.39%Cu, hole IC17-30

[mitcheroo]

And just 56 million shares sitting on how many pounds of cobalt, at around $38 a pound?

My head spins.

[Rocketstockpix]

https://www.cnbc.com/2018/02/23/why-companies-are-scrambling-for-the-once-little-known-element-cobalt.html


READ THAT STORY. WOWOW

[unit36]

I think our payoff will happen when they actually start shipping and billing. Right now we are in standby mode.

[MasterSalix]

US COBALT STARTS 2018 UNDERGROUND EXPLORATION DRILLING TO FOLLOW UP ON THE SUCCESSFUL 2017 SURFACE DRILLING

February 23, 2018 – VANCOUVER, BRITISH COLUMBIA – US Cobalt Inc. (the “Company“) (TSXV: USCO) (Frankfurt: 26X) (OTCQB: USCFF) is pleased to announce that it has mobilized equipment and has commenced the 2018 underground drilling campaign at the Iron Creek project (the “Property“) in Idaho, USA.
The initial underground drilling will be from Adit Number Two, on the western extremity of the known mineralization. The objective of this portion of the 2018 underground drilling campaign is to explore for extensions of mineralization further to the west. The total campaign is planned to consist of approximately 15,000 feet of drilling (about 4,500 meters).

Sr. Vice President, Exploration, Brian Kirwin commented: “We are excited to commence exploration drilling towards the west. Following up on the persistent and very encouraging results from the 2017 drill program, we are looking forward to expanding the potential of the Iron Creek project. In anticipation of completing a resource estimate during 2018, we have started collecting representative samples for density testing, mineralogical investigations, and metallurgical testing.”

Wayne Tisdale, President, commented: “With cobalt prices trading near ten-year highs, we are excited to be aggressively drilling one of the few active cobalt drilling properties in the United States.”
The objective of the 40-hole, 2017 drilling campaign is to confirm the historical estimates of cobalt mineralization (see Company news release – September 7, 2016). US Cobalt is conducting the first exploration program at Iron Creek in several decades. The Iron Creek Property covers a west-northwest striking, steeply northerly dipping mineralized zone named the No Name Zone which contains cobalt and copper mineralization in sulfides. The 2017 surface drilling campaign is complete and analysis of the samples continues. The 2017 drilling consists of 40 drill holes with a combined length of approximately 35,000 feet (about 10,700 meters). The Company is building the geological and grade models for resource estimation.
As previously announced, the Property is leased from Chester Mining Company (OTC: CHMN) subject to the Company’s buy-out rights.

As previously announced, historic tonnage and grade estimates indicate that the Property contains 1,279,000 tons grading 0.59% cobalt – please refer to the Company’s news release dated September 7, 2016. Due to the age of the geological work done to establish current anticipated tonnage, the Company is treating these tonnage and grade estimates as historical estimates. The historical estimates do not use categories that conform to current CIM Definition Standards on Mineral Resources and Mineral Reserves as outlined in National Instrument 43-101, Standards of Disclosure for Mineral Projects (“NI 43-101“) and have not been redefined to conform to current CIM Definition Standards. They were prepared in the 1980s prior to the adoption and implementation of NI 43-101. The historical estimates are contained within a report entitled “Iron Creek Prospect, Lemhi County, Idaho (#0483) Progress Report” by Terry A Webster and Thomas K Stump for Noranda Exploration, Inc., July 1980, which report does not detail cut-off grades and metal prices used to estimate the historical mineralization and used a tonnage factor of 11 cubic feet per ton. A qualified person has not done sufficient work to classify the historical estimates as current mineral resources and the Company is not treating the historical estimates as current mineral resources. More work, including, but not limited to, drilling, will be required to confirm the estimates to current CIM Definition Standards. Investors are cautioned that the historical estimates do not mean or imply that economic deposits exist on the Property. Other than as provided for in this press release, the Company has not undertaken any independent investigation of the historical estimates or other information contained in this press release nor has it independently analyzed the results of the previous exploration work in order to verify the accuracy of the information. The Company believes that the historical estimates and other information contained in this press release are relevant to continuing exploration on the Property because they identify significant mineralization that will be the target of the Company’s exploration program.

The drill samples and underground channel samples are collected by Company personnel or contractors working for the Company at the drill or portal. All of the Company’s facilities are kept secure. The core is transported to the Company’s core processing facility in Challis operated by Earl Waite and Sons Mining Contractors who are contracted by the Company. There the core is logged, cut and sampled and subsequently delivered to the laboratory. All facilities are secure.
All core is logged for recovery and other geotechnical features, prior to being sawed lengthwise in half by the Company’s contractors. Individual core samples are selected on a geological basis to characterize mineralization. The core is geologically logged and half core is stored on site as reference samples in a secure facility. The samples are bagged, labeled and tied at the core processing facility by the Company’s contractors. Geologic information is recorded on standardized sample description forms which included color, rock type, alteration, mineral species and abundance. Samples are stored in a secure facility at the core processing site until delivered to the laboratory. Blanks, duplicates and standards are inserted at the core processing site as part of the QA/QC program. The drill samples were loaded directly from the core processing facility the truck of a shipping company and driven directly to the laboratory where the lab took custody directly from a Company employee. The sampling was overseen by Brian Kirwin, Senior Vice President Exploration for the Company.

American Assay Laboratories (AAL) in Sparks, Nevada conducted the analyses of the drill core samples, and analyzed the Company’s QA/QC samples at the same time, and the Company plans to utilize the services of AAL for the core samples. AAL is ISO / IEC 17025 certified and has successfully completed Canadian proficiency testing (CCRMP). Approximately 16% of the samples analyzed are control samples consisting of checks, blanks, and duplicates inserted by the Company – this is in addition to the control samples inserted by the lab. Correlation of the standards with expected values were excellent. At the AAL laboratory, the drill core samples were dried, weighed crushed to 85 % passing -6 mesh, roll crushed to 85% passing -10 mesh, split 250 gram pulps, then pulverized in a closed bowl ring pulverizer to 95 % passing -150 mesh, then analyzed by a 5 acid digestion for ICP analysis.
For additional information please contact:

Mr. Garry Clark, P. Geo., of Clark Exploration Consulting, is the “qualified person” as defined in NI 43-101, who has reviewed and approved the technical content in this press release.

US Cobalt Inc.
Wayne Tisdale, President
T: [phone]

[MasterSalix]

Nice action today +15% and good volume to boot...

[MasterSalix]

They will catch up - I think it is good at this stage to be under the radar - once operations pick up our M/C will be more in-line with peers.

[mitcheroo]

Search "cobalt" in the news and the name of just about every cobalt miner out there comes up except US Cobalt, corporate press releases notwithstanding. We're like the red-headed stepchild of cobalt miners.

[MasterSalix]

Found this interesting...

https://www.wsj.com/articles/as-cobalt-prices-rise-congo-raises-pressure-on-western-mining-giants-1517939714