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Todd can't afford to play the stock market.
All of the cobalt ones are moving.
Cobalt prices on the rise! I have a small position here I don't even think about, but nice to see the recent rise in USCFF.
hey, uscff "investors" news release of IMPORT
January 15, 2018
US COBALT DRILLING INTERSECTS HIGH GRADE COBALT AND DISCOVERS NEW THICKER MINERALIZED ZONES
LINK:
http://uscobaltinc.com/us-cobalt-drilling-intersects-high-grade-cobalt-and-discovers-new-thicker-mineralized-zones/
They also have an agreement with the county to plow the roads in the winter to keep the mine open year round.
From technical report.
"Access to the property is south 37 kilometres (23 miles) from Salmon on Highway 93, then west on a well-maintained gravel road along Iron Creek. The No Name Zone workings are along Iron Creek 17 kilometres (11 miles) from Highway 93. Access throughout the claim group is good because of a network of logging roads and previously constructed drill roads."
If you dd first and then post you will be able to increase your accuracy and posting value.
Been strong last couple of days - hope it continues - we are owed some news too...
Happy Holidays everyone. Hopefully you've all been having fun with this crypto boom over the last month or so. Seems like ages since we've heard any news from US cobalt. I can understand that things are slow but a little something on the news feed would be nice. Maybe it could help keep us above these 0.38 prices we've been flirting with!
US Cobalt's Iron Creek Cobalt Project will be on a stream, Iron Creek, that's water rights are under the umbrella of 11 local, state and federal agencies. The goals of NOAA (National Oceanic Atmospheric Administration), USDA Natural Resource Conservation Service, US Army Corps of Engineers, to name just a few, with a stake in ensuring chinook salmon, protected by Endangered Species Act, passage up Iron Creek is open and water purity conducive to spawning.
A United States federal judge located in Oregon has jurisdiction over the recovery of the chinook salmon in the Columbia River Watershed. Iron Creek is a part of that Watershed.
Iron Creek is under the jurisdiction of the US Forest Service. The property that Iron Creek flows through is federal and not the state of Idaho’s property.
A daunting task for the development of a producing mine, but not an impossible task.
Us Cobalt. Technical Report On the Iron Creek Property Lemhi County, Idaho
Report from when the company was STM.
http://uscobaltinc.com/wp-content/uploads/2017/07/Iron-Creek-43-101-Jan-12-2017jgc22.pdf
The mine is approximately 25 miles off the main road. No power is the norm up there when you are in the back country. They will run off of generators. That was a functioning mine at one time but the drop in Cobalt caused it to close. The infrastructure is there but will need to be updated. The stream you are talking about was badly polluted back in the original mining days but cleaned it up in the early 90s I think it was. Idaho is very business and mine friendly. They do protect the environment but are also about making money.
be careful, look on a map at the location of the "mine". the company, US Cobalt, faces many, many challenges...infrastructure, i.e., no electricity to the site, bridges and roads will need considerable improvements; environmental, the site is situated on a stream that supports the spawning grounds of Chinook Salmon protected under the Endangered Species Act.
be curious where USCFF stands with the US Forest Service and environmental permits?
Don't understand it. The news want bad and I think they have potential.
Classic case of news coming out followed with a price drop.
Fair enough. The value of their assets are rising, so that's good news.
As far as property and current test results it looks promising. I'm in for the Long haul. Partial mining is suppose to start 3rd quarter of 2018.
Is this a decent company? Just found the chart. Looks like it's going to double soon with cobalt pricing clearly breaking higher.
I agree with you. Until they come out with news I will take what I can get. I don't expect much until they actually start mining.
Some others like eCobalt (up about 15% last couple of days) and First Cobalt (up over 100% in a week) and other jr cobalt miners have been doing real well as of late - so I think that is what pulled us higher today - like to see some organic reason to move us higher - hopefully we hear something soon...
Haven't heard anything. Could be some day traders.
Any word on why the steady decline in the last 10 days or so?
Back to .55, not bad volume, maybe the start of next leg?
Awesome news for a long!!
US Cobalt Announces $5 Million Bought Private Placement
http://uscobaltinc.com/us-cobalt-announces-5-million-bought-private-placement/
VANCOUVER, BRITISH COLUMBIA, October 19, 2017 – US Cobalt Inc. (“US Cobalt” or the “Company”) (TSXV: USCO) (FRANKFURT: 26X) (OTCQB: SCTFF) is pleased to announce that it has entered into a letter of engagement with Eight Capital, under which Eight Capital has agreed to purchase 9,433,963 units of the Company (the “Units”), on a “bought deal” private placement basis, subject to all required regulatory approvals, at a price per Unit of $0.53 (the “Offering Price”), for total gross proceeds of approximately $5,000,000 (the “Offering”). Each Unit shall consist of one common share of the Company (a “Share”) and one-half of one common share purchase warrant (a “Warrant”). Each Warrant shall entitle the holder thereof to acquire one Share at a price of $0.75 for a period of 18 months following the Closing Date.
Fort Capital Partners is acting as financial advisor to the Company in connection with the Offering.
The Company has granted Eight Capital an over-allotment option to purchase up to an additional 1,415,095 Units at the Offering Price, exercisable in whole or in part, at any time on or prior to 48 hours prior to the closing of the Offering. If this option is exercised in full, an additional $750,000 will be raised pursuant to the Offering and the aggregate proceeds of the Offering will be up to approximately $5,750,000.
The Company intends to use the net proceeds of the Offering for exploration and development of cobalt deposits and for working capital and general corporate purposes.
The closing date of the Offering is scheduled to be on or about November 8, 2017 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities.
As consideration for its services, Eight Capital (along with any additional underwriters included in a syndicate of underwriters in connection with the Offering) will receive a cash commission equal to 6% of the gross proceeds of the Offering. The Company will also issue to Eight Capital (along with any additional underwriters) compensation warrants in an amount equal to 4.5% of the number of Units sold pursuant to the Offering. Each compensation warrant will exercisable to purchase one Share at an exercise price of $0.60, for a period of 18 months.
“A total of approximately 30,000 feet of drilling is planned for 2017.” Guess I misread. Production to come later... full story below.
https://globenewswire.com/news-release/2017/07/31/1064744/0/en/US-Cobalt-Intersects-1-02-Cobalt-Mineralization-in-10-Foot-Channel-Sample-Perpendicular-to-Strike-Provides-Overall-Exploration-Update.html
Pretty sure I read somewhere they were on track with Adit #1’s rebuild and they were beginning work on #2. Further, I believe the article said they may be able to start producing as early as end of 2017. Will try to find that report ...
Strong for the Long!
Considering the current status of the iron creek project and assuming US Cobalt follows a similar trajectory to e-cobalt, where does that forecast the production to begin?
E-cobalt just came out with their timeline. It looks like production will stat 3rd quarter of 2020. The article is on seeking alpha.
I'm doing the same. I'm waiting for them to announce an ETA on the actual start of production.
So, I'm interpreting good news regarding the assay results. Not understanding why the drop in value. Buying more!
Sample results are up at http://uscobaltinc.com/news/. Anyone who can interpret this data and translate it for those of us who don't have a background in the field would be greatly appreciated!
I think it would have to do with the amount of press releases the company does. I find them from a press release that showed up. If you look at there website, they do not have many news releases.
A bit annoyed though when I search the news for cobalt-related news, I see lots of references to other miners like First, Cruz, e-, and others, but almost nothing about US Cobalt.
I have never been there (mine) but it's all the news up there. Good for us and the surrounding communities.
Thanks for the heads up! Want to see what all my investment looks like.
I'm pretty familiar with the area. If you go make sure you get a truck as the mine is about 25 miles off the highway in the back country. Also look out for the weather as it already snowed a little bit but it already melted. Most roads are not plowed up there but not sure about the mining roads.
Yup. Did the same today. Didn’t think it would drop down to .46 and bought more at .49 in the AM. Already have another in for tomorrow. Damn market makers. Am awaiting correspondence from USCFF on when assay 2 results may return and how long it took the first to return.
Have 10/7-10/17 off and am debating flying to the site for a visit. Will post accordingly...
Agree. But I'm using this as an opportunity to buy a couple of thousand shares. Once the samples comeback, I think this stock will get some small legs on it until they actually start mining. Once they start bring in some revenue this should have a good growth spurt.
jmo
Nice run we had going. Shame it's down so much on such low volume.
Can only logically think MMs are playing this. Assay goes out on 09/14. Price spikes the following Wednesday with NO news or rationale from .45 up to .61 and closes at .51914 today? The news on the assay is around the corner and they’re trying to buy as much as possible by driving it down. I’m buying more. Thoughts?
Cobalt has more than doubled in price since this time last year. It's ~$60,000 per metric ton now and almost certain to keep climbing.
Thanks Mitch ! I think I will keep watching this for a bit to get a better understanding .
You could be right. Looks like it's going to be another good day.
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Corporate Address:
Suite 302, 1620 West 8th Avenue
Vancouver, British Columbia
V6J 1V4 Canada
+1 (604) 639-4457
info@uscobaltinc.com
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.
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).
(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.
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