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Wait what?!? Didn’t they hire a sales consultant guy that inexplicably disappeared on a trip to China a year or 2 ago? Shouldn’t the “Nate’s got this” guy be all over this? Sounds like more cancakery to me. Lol.
21.9% THAT is VERY good! $WCTXF
LiCo Energy Metals - Intersects 21.9 % Cobalt Over 0.36 m and 18.7 % Cobalt Over 0.15 m at Teledyne Cobalt Property
1/22/18, 8:30 AM
VANCOUVER, British Columbia, January 22, 2018 /PRNewswire/ --
LiCo Energy Metals Inc. ("the Company" or LiCo") (TSX-V: LIC) (OTCQB: WCTXF) is pleased to report assay results for drill holes TE17-04 and TE17-05 completed on the Teledyne Cobalt Property, located 6 km northeast of Cobalt, Ontario. The current drill program was designed to confirm and extend the existing known mineralization along strike and up and down dip.
A summary of the most significant results of the recent drill core assays are:
TE17-05 2.32% Co over 4.00 m from 126.5 to 130.50 m, including 21.9% Co over 0.36 m from 127.64 to 128.00 m
TE17-04 1.82% Co over 6.00 m from 138.00 to 144.00 m, including 5.06% Co over 1.75 m from 141.25 to 143.00 m, and 18.70% Co over 0.15 m from 141.64 to 141.79 m.
TE17-05 1.70% Co over 6.00 m from 136.00 to 142.00 m.
"LiCo is very encouraged by these higher-grade results for the Teledyne Cobalt Project," says Tim Fernback, President & CEO of LiCo. "These are the highest grade results that have been intersected to date on either LiCo's Teledyne or Glencore-Bucke Properties that LiCo has drill tested to date."
On the Teledyne Cobalt Property, the Company completed a total of 11 diamond drill holes totaling 2,200 m in the fall of 2017.
The results and drill hole collar information for diamond drill holes TE17-04 to TE17-05 are summarized in Tables 1 & 2 below.
Table 1: Drill hole Collar Information
DDH Azm Dip
TE17-04 090 -45
TE17-05 090 -45
Table 2: Summary of Diamond Drill Results
Core
To Length Co Ag Cu Zn Pb
DDH From (m) (m) (m) (%) (ppm) (ppm) (ppm) (ppm)
TE17-04 138.00 144.00 6.00 1.82 4.7 742 49 20
incl. 138.50 144.00 5.50 1.98 5 786 51 21
incl. 139.00 144.00 5.00 2.16 5.4 840 53 23
incl. 140.45 143.00 2.55 3.84 8 1242 67 33
incl. 141.25 143.00 1.75 5.06 9.1 744 85 36
incl. 141.64 141.79 0.15 18.70 16 251 6 37
TE17-05 126.50 130.50 4.00 2.32 7.6 425 49 61
incl. 127.00 128.00 1.00 8.48 5.6 105 25 24
incl. 127.00 129.00 2.00 4.47 7.1 263 28 50
incl. 127.64 128.00 0.36 21.9 11.5 42 31 36
TE17-05 136.00 142.00 6.00 1.70 2.6 40 148 28
incl. 136.00 140.00 4.00 2.47 2.8 34 210 33
incl. 136.50 138.5 2.00 4.41 3.7 30 141 46
Note: Intervals reported in Table 2 represent core lengths and not true widths.
QA/QC Program
LiCo Energy Metals Inc. has implemented a quality assurance/quality control (QA/QC) program for Teledyne Cobalt Property Phase 1 diamond drilling program.
Diamond drill core was logged, then sawed in half, with one half placed in a labelled bag, and the remaining half placed back into the core box and stored in a secured compound. Either a standard or a blank was inserted every 20th sample. All samples were shipped to Activation Laboratories in Ancaster, Ontario. Each sample is coarsely crushed and a 250 g aliquot is pulverized for analysis. A 0.25g sample is digested with a near total digestion (4 acids) and then analyzed using an ICP. QC for the digestion is 14% for each batch, 5 method reagent blanks, 10 in-house controls, 10 samples duplicates, and 8 certified reference materials. An additional 13% QC is performed as part of the instrumental analysis to ensure quality in the areas of instrumental drift. If over limits for Cu, Pb, Zn, and Co are encountered, a sodium peroxide fusion, acid dissolution followed by ICP-OES is completed. For Ag over limits, a four-acid digestion is completed followed by ICP-OES.
Qualified Person
The technical content of this news release has been reviewed and approved Joerg Kleinboeck, P.Geo., an independent consulting geologist and a qualified person as defined in NI 43-101.
About LiCo Energy Metals: https://licoenergymetals.com/
LiCo Energy Metals Inc. is a Canadian based exploration company whose primary listing is on the TSX Venture Exchange. The Company's focus is directed towards exploration for high value metals integral to the manufacture of lithium ion batteries.
Glencore Bucke Cobalt Project, Cobalt, Ontario: The Company has entered into a property purchase agreement to acquire a 100% interest from Glencore Canada Corporation (subsidiary of Glencore plc) in the Glencore Bucke Property, situated in Bucke Township, 6 km east-northeast of Cobalt, Ontario, subject to a back-in provision, production royalty and off-take agreement. Strategically, the Glencore Bucke Property consists of 16.2 hectares and sits along the west boundary of LiCo's Teledyne Cobalt Project. The Property covers the southern extension of the #3 vein that was historically mined on the neighbouring Cobalt Contact Property located to the north of the Glencore Bucke Property. Diamond drilling in 1981 on the Glencore Bucke Property delineated two zones of mineralization measuring 150 m and 70 m in length.
Ontario Teledyne Cobalt Project:
The Company has an option to earn 100% ownership, subject to a royalty, in the Teledyne Project located near Cobalt. Ontario. The Property adjoins the south and west boundaries of claims that hosted the Agaunico Mine. From 1905 through to 1961, the Agaunico Mine produced a total of 4,350,000 lbs. of cobalt and 980,000 oz. of silver. A significant portion of the cobalt that was produced at the Agaunico Mine located along structures that extended southward onto the Teledyne property. The Company completed a total of 11 diamond drill holes totaling 2,200 m in the fall of 2017. The drilling has confirmed cobalt mineralization present on the Property which is consistent with historical grades as reported historically by Cunningham-Dunlop (1979) and Bressee (1981), disclosed in earlier news releases. These reports are available in the public domain through MNDM's AFRI database.
NI 43-101 Reports for both the Teledyne and Glencore Bucke Properties, are publicly available on http://www.SEDAR.com as well as the Company's website. LiCo's recently completed diamond drilling program (September to December 2017) consisted of both twinning and infill drilling of the historical drill holes located on both the Teledyne Cobalt and Glencore Bucke Properties.
Chile Purickuta Lithium Project:
The Purickuta Project is located within Salar de Atacama, a salt flat encompassing 3,000 km2, being about 100 km long, 80 km wide and home to approximately 37% of the worlds Lithium production and Chile itself holds 53% of the world's known lithium reserves (Source: Bloomberg Markets - June 23, 2017, "Lithium Squeeze Looms as Top Miner Front-Loads, Chile Says") . The property is 160 hectares large and is enveloped by a concession owned by Sociedad Quimica y Minera ("SQM") and lies within a few kilometers of a property owned by CORFO (the Chilean Economic Development Agency) where its leases land to both SQM and Albermarle's Rockwood Lithium Corp. ("Albermarle") for lithium extraction. Together these two companies, SQM and Albermarle, have a combined annual production of over 62,000 tonnes of LCE (Lithium Carbonate Equivalent) making up 100% of Chile's current lithium output. As reported in The Economist (June 15, 2017 - A battle for supremacy in the lithium triangle), the Salar de Atacama has the largest and highest quality proven reserves of lithium. The combination of the desert's hot sun, scarce rainfall, and the mineral-rich brines make Chile's production costs the world's lowest. This together with a favourable investment climate, low levels of corruption, and the quality of its bureaucracy and courts makes Chile a favourable place to conduct business.
Nevada Dixie Valley Lithium Project:
The Company has an option to acquire a 100% interest, subject to a 3% NSR, on a large lithium exploration project at the Humboldt Salt Marsh in Dixie Valley, Nevada. Some important geological similarities exist between various lithium brines, notably geothermal activity, a dry climate, a closed basin, an aquifer, and tectonically driven subsistence exist at Dixie Valley along with Clayton Valley and various lithium bearing salars in Chile, Argentina and Bolivia.
Nevada Black Rock Desert Lithium Project:
The Company has entered into an option agreement whereby the Company may earn an undivided 100% interest, subject to a 3% NSR, in the Black Rock Desert Lithium Project in southwest Black Rock Desert, Washoe County, Nevada.
The technical content of this news release has been reviewed and approved Joerg Kleinboeck, P.Geo., an independent consulting geologist and a qualified person as defined in NI 43-101.
On Behalf of the Board of Directors
Tim Fernback, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information:
This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements.
Contact:
Phone: +1(236)521-0207
LiCoEnergyMetals.com
SOURCE LiCo Energy Metals In
Agreed. Over 8% is high/extremely high. $WCTXF
$WCTXF Great News.
Peugeot confident of SUV and EV push after strong sales results
He explained that his priority for 2018 is to “work on profitability and market share”, while also readying the brand for the launch of a new wave of pure electric models, which will start with a new version of its electric Partner van in the second half of 2018 and then electric 208 next year.
“The electric transition is not in the future, it is now,” he said. “So between 2019 and 2020, 8% of my line-up will be electrified. And between 2019 and 2020, I will have 50% [electrified].”
https://www.autocar.co.uk/car-news/industry/peugeot-confident-suv-and-ev-push-after-strong-sales-results
Ford to Double Investment in EV, Hybrids by 2022
https://www.renewableenergymagazine.com/electric_hybrid_vehicles/ford-to-double-investment-in-ev-hybrids-20180116
Ferrari says it’ll do an EV supercar before Tesla
http://www.caradvice.com.au/614900/ferrari-says-itll-do-an-ev-supercar-before-tesla/
GM says it will deliver 5,000 Chevy Bolt EVs to South Korea this year
GM ended up delivering over 23,000 Chevy bolt EVs in the US during its first full year of production, but availability was limited in other markets.
Despite troubles in Europe where the vehicle is sold as the Opel Ampera-E, 2018 is expected to be a more important year for GM’s only all-electric vehicle sold internationally.
https://electrek.co/2018/01/16/gm-chevy-bolt-ev-south-korea/
Nissan: Leaf EV pre-orders are over 13,000
https://www.engadget.com/2018/01/16/nissan-leaf-ev-pre-orders-are-over-13-000/
$WCTXF A royalty increase, paired with increasing political risk in Congo and the importance of conflict-free metals would give investors one more reason to look for cobalt elsewhere, experts say.
https://oilprice.com/Energy/Energy-General/Congos-Cobalt-Tax-Hike-Threatens-EV-Market.html
BMW throws fuel on cobalt price fire: 'we'll need 10x as much'
BMW throws fuel on cobalt price fire
Cobalt prices have gone ballistic in 2017 with the metal quoted on the LME touching $75,000 a tonne a week ago, a 127% surge year to date and a more than 20% jump just over the last month. Lithium carbonate prices began its run up two years ago, going from $6,100 per tonne to average above $20,000 a tonne in November this year.
On Friday luxury vehicle maker BMW said its needs for car-battery raw materials such as cobalt and lithium will grow 10-fold by 2025. Markus Duesmann, purchasing executive for the German marque, said the company is close to signing five and 10-year supply contracts.
BMW plans to offer 25 electrified vehicles by 2025, while VW is targeting a 300-model battery-powered lineup by 2030. “We’ve been intensively focusing on how to manage future cobalt supply for about a year now,” said Duesmann. “Before, it wasn’t clear just how quickly demand will accelerate.”
“By 2025, we’ll need up to 10 times as much of the battery raw materials than we do currently,” Duesmann said, noting that Munich-based BMW is set this year to sell a minimum 100,000 cars that are at least partly powered by the technology. “Today we are a leading manufacturer of electrified vehicles, so a 10-fold increase until 2025, for us, is enormous.”
Volkswagen will invest more than $40 billion in the next five years as part of a push into battery-powered vehicles and autonomous-driving systems. Daimler AG is spending 10 billion euros on 10 battery models by 2022. The boom in electric cars could more than quadruple demand for cobalt to in excess of 450,000 tons by 2030 from less than 100,000 tons last year, according to Bloomberg New Energy Finance.
“In the past three to four months, we’ve noticed that other manufacturers are seriously looking at cobalt supply,” said Duesmann. “It’s gotten more hectic and changed a lot over the past year, since so many more are looking for deals.”
Top cobalt producer Glencore said earlier this week it's doubling its cobalt output to 63,000 tonnes by 2020. Annual production of the raw material is around 100,000 tonnes per annum with some 60% coming from the Democratic Republic of the Congo, intensifying supply fears. The Swiss-based miner and commodities traded commissioned a study to measure the impact the global shift away from internal combustion engines to an electric vehicle market would have on metal markets.
Based on an EV market share of less than 32% in 2030, forecast metal requirements are roughly 4.1m tonnes of additional copper (18% of 2016 supply). The move away from gasoline and diesel-powered vehicles would need 56% more nickel production or 1.1m tonnes compared to 2016 and 314,000 tonnes of cobalt, a fourfold increase from 2016 supply.
http://www.mining.com/bmw-throws-fuel-cobalt-price-fire-well-need-10x-much/
It means that demand for Li EV/storage batteries will continue to grow.
Potentially means good things for miners outside of DRC, Canadian and Australian in particular IMO. Glencore (and others) have a huge stake in DRC, could push them to relatively untapped North American and Australian mines and juniors if Cobalt becomes cost prohibitive there.
Data Projects Lithium and Cobalt Markets to Show Continued Growth
FinancialBuzz.com News Commentary
FinancialBuzz.com
News provided by
09:00 ET
NEW YORK, January 10, 2018 /PRNewswire/ --
According to the report, global lithium-ion battery market was valued at around USD 31.17 billion in 2016 and is expected to generate revenue of USD 67.70 billion by end of 2022, growing at a CAGR of slightly above 13.70% between 2017 and 2022. The increase in demand for electric vehicles, smart devices as well as other consumer electronics are anticipated to boost the lithium-ion battery market. Lithium-ion batteries are mostly used for consumer or home electronics. The report also indicates that lithium nickel manganese cobalt (LI-NMC) is one of the leading segments of the lithium-ion battery market.
https://www.prnewswire.com/news-releases/data-projects-lithium-and-cobalt-markets-to-show-continued-growth-668595103.html
$WCTXF
Congo may more than double tax on critical global cobalt supply
KINSHASA – The Democratic Republic of Congo is preparing to more than double a tax on two-thirds of global cobalt supply, potentially increasing the cost of the critical battery metal just as the world begins to embrace electric vehicles.
Congo, the world’s biggest cobalt producer, will increase the royalty miners pay on exports of the metal to 5% from 2% if it opts to categorize cobalt as a “strategic substance,” Mines Minister Martin Kabwelulu told the country’s Senate last week.
The new classification is part of an overhaul of mining legislation that is fiercely opposed by the industry, which says the law may deter future investment. Under the revised code, backed by the government and being scrutinized by parliament, the tax on base metals including copper and cobalt will increase to 3.5% from 2%. If approved by the Senate, the law will also allow the state to select “strategic” metals, likely to include cobalt, and tax them at a higher rate of 5%, Kabwelulu said.
http://m.miningweekly.com/article/congo-may-more-than-double-tax-on-critical-global-cobalt-supply-2018-01-10/rep_id:3861
$WCTXF. Emerging Lithium and Cobalt Demand Carries Momentum Into 2018
1/10/18, 8:50 AM
PALM BEACH, Florida, January 10, 2018 /PRNewswire/ --
While the demand for electric vehicles increases over the coming decades, so, too, will the price for the raw materials required to produce them. Escalating demand for elements such as lithium and cobalt is believed by many industry professionals that it will lead to potential supply bottlenecks over the next several years. Lithium and cobalt are two obscure metals that are key ingredients in batteries that will be used for not only electric vehicles but also many household appliances as well as both residential and utility power storage for renewable energy sourced from wind and solar. Refined lithium/cobalt products generated incredible growth for some of the largest miners in the world in 2017. Given the recent momentum and near-term plans for expansion from the largest lithium/cobalt producers on the planet, 2018 could be poised for more of the same type of growth. Today's active miners with current developments in the market include: LiCo Energy Metals Inc. (OTC: WCTXF) (TSX-V: LIC), Lithium Americas Corp. (OTC: LACDF) (TSX: LAC), Glencore plc (OTC: GLNCY) (LSE: GLEN), Sociedad Química y Minera de Chile S.A. (NYSE: SQM), Katanga Mining Limited (OTC: KATFF) (TSX: KAT).
LiCo Energy Metals Inc. (OTCQB: WCTXF) (TSX-V: LIC.V) is pleased to report assay results for drill holes GB17-11 through to GB17-14, GB17-20, and GB17-21, completed on the Glencore Bucke Property, located 6 km northeast of Cobalt, Ontario.
A summary of the most significant results of the recent drill core assays are:
• GB17-13 0.92% Co over 2.0 m from 34.00 to 36.0 m, including 2.53% Co over 0.6 m from 35.1 to 35.7m.
• GB17-13 0.46% Co, 132.5 ppm Ag, 1.46% Cu over 0.9 m from 77.6 to 78.5 m, including 0.79 % Co, 221.0 ppm Ag, 2.40% Cu over 0.4 m from 77.6 to 78.0 m.
• GB17-13 0.32% Co, 98.8 ppm Ag, 0.81% Cu over 1.5 m from 100.5 to 102.0m, including 0.55% Co, 16.9 ppm Ag, 0.50% Cu over 0.6 m from 100.8 to 101.4 m.
• GB17-20 0.44% Co, 19.4 ppm Ag 0.99% Cu over 4.05 m from 60.25 to 64.30 m, including 1.42% Co, 48.8 ppm Ag, 1.94% Cu over 1.2 m from 62.8 to 64.0 m.
• GB17-21 0.08% Co, 18.1 ppm Ag, 1.25% Cu over 6.1 m, including 0.73% Co, 50.0 ppm Ag, 1.31% Cu over 0.6 m from 69.7 to 70.3 m.
"We are very pleased with the drill program continuing to intersect the higher grade cobalt mineralization that has been intersected at Glencore Bucke property," says Tim Fernback, President & CEO of LiCo and "not only have we continued to intersect cobalt mineralization, but also the base metal mineralization that has the potential to be advantageous when a resource estimate will be completed in the future".
On the Glencore Bucke Property, the Company has completed a total of 21 diamond drill holes totaling 1,900 m, testing the Main and Northwest zones. The Company will continue to release results from the Glencore Bucke and Teledyne drill programs as they are received.
The results for diamond drill hole GB17-11 through to GB17-14, GB17-20, and GB17-21 are summarized in Table 1 that can be seen at: http://www.marketnewsupdates.com/news/wctxf.html
As reported on the Company's November 30th, 2017 news release, LiCo has recently completed its 2017 diamond drilling program on its Teledyne and Glencore Bucke Properties completing a total of 32 diamond drill holes, drilling 4,100 m of core. This exploration work satisfies both its flow-through financing obligations and the contractual obligations outlined in the recently acquired Glencore Bucke Property from Glencore plc of Baar Switzerland (LSE: GLEN).
In other mining industry news and developments:
Lithium Americas Corp. (OTCQX: LACDF) (TSX: LAC.TO) announced recently that it now meets the share price history threshold requirement to list the Company's shares on the New York Stock Exchange ("NYSE"). As a result, the Company intends to list directly on the NYSE and will not be undertaking a NYSE American listing as an intermediary step. The Company has applied to the NYSE and expects to be listed in January 2018 upon receipt of formal approval from the NYSE. Lithium Americas, together with its joint venture partner, Sociedad Quimica y Minera de Chile S.A., is developing the Cauchari-Olaroz lithium project, located in Jujuy, Argentina, through its 50% interest in Minera Exar S.A. In addition, Lithium Americas owns 100% of the Lithium Nevada project, and 100% of RheoMinerals Inc., a supplier of rheology modifiers for oil-based drilling fluids, coatings, and specialty chemicals.
Glencore Plc (OTC: GLNCY) (LSE: GLEN.L) recently announced it has completed the sale of a 51% interest in HG Storage International Limited (HGSI) to HNA Innovation Finance Group Co., Limited (HNA), a transaction which was announced on 31 March 2017. HGSI is a new vehicle which has consolidated Glencore's petroleum products storage and logistics businesses into a global portfolio of high-calibre assets, located in strategic trading hubs across Europe, Africa, the Middle East and the Americas. Glencore and HNA have also entered into a second agreement pursuant to which three of the original transaction assets located in the USA will be transferred into HGSI in 2018, subject only to receipt of satisfactory CFIUS clearance.
Sociedad Química y Minera de Chile S.A. (NYSE: SQM) Developments: According to the online publication Mining Weekly, Chile-focused lithium junior Lithium Chile has revamped itself to better align its corporate image with its aspiration of becoming a go-to lithium producer in the country - the world's largest and lowest-cost producer of the energy metal. Based in Vancouver, Lithium Chile shareholders voted in December to change the company's name from Kairos Capital and to examine the potential to spin out the company's latent copper/gold asset portfolio into a standalone entity. Read the entire article here.
Katanga Mining Limited (OTC: KATFF) (TSX: KAT.TO) closed up .43% on Tuesday with over 3.1 million shares traded. Katanga Mining Limited, through its subsidiary, Kamoto Copper Company SA, engages in the copper and cobalt mining and related activities in the Democratic Republic of Congo. It is involved in the exploration, mining, refurbishment, rehabilitation, development, and operation of the Kamoto/Mashamba East mining complex; the Kamoto Oliveira Virgule copper and cobalt mine; T17 open pit and T17 underground mines; various oxide open pit resources; the Kamoto concentrator; and the Luilu metallurgical plant.
DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated forty-one hundred dollars for news coverage of the current press release issued by LiCo Energy Metals Inc. by a non-affiliated third party. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.
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SOURCE MarketNewsUpdates.com<
$WCTXF 230% Rise In Market Price Forecasted To RISE in 2018
LiCo Energy Metals Inc. (LiCo) is a mining and exploration company focused on locating Cobalt and Lithium minerals needed for manufacturing Lithium-ion Batteries. LiCo's current property portfolio includes 3 Lithium and 2 Cobalt project properties. LiCo is focusing the majority of its assets upon its properties in Cobalt, Canada, evaluating and preparing the properties for Cobalt mining and production.
http://www.stockhouse.com/news/newswire/2018/01/04/230-rise-in-market-price-forecasted-to-rise-2018
$WCTXF. Ask at .155 I like it.
$WCTXF. Looking for a break and hold of .15 for next leg up. Great potential here.
See some resistance in the .15 area then clear skies! $WCTXF
This reminds me of another stock listed on tsx and otc that I own. Bought it under .25. It's almost 9.00 now.
$WCTXF great day! Huge potential to go much higher IMO.
.117 up $WCTXF
Chart looks great! MACD cross coming.
Miners in the fast lane on electric vehicle surge
1 hr ago
26 reading now
Darren Gray
In car factories and showrooms, and on highways and streets around the world, a quiet revolution is gathering speed.
In ever-growing numbers, motorists in the world’s biggest auto markets are getting behind the wheels of electric vehicles.
Experts from UBS believe that worldwide sales of electric vehicles in 2017 will be about 1 million for the first time. And they predict that in 2025, a massive 16.5 million electric vehicles will be sold - equal to almost one in every six new cars sold.
http://www.smh.com.au/business/mining-and-resources/miners-in-the-fast-lane-on-electric-vehicle-surge-20171229-p4yy3v.html
Cobalt and Lithium Miners Looking to Cash in on Increasing Demand in Growing EV Sector
https://www.prnewswire.com/news-releases/cobalt-and-lithium-miners-looking-to-cash-in-on-increasing-demand-in-growing-ev-sector-667851913.html
$WCTXF great start.
Canada's small mineral miners will benefit from EV battery boom
http://m.digitaljournal.com/tech-and-science/technology/canada-s-small-mineral-miners-will-benefit-from-ev-battery-boom/article/510115
Can the electric car industry bring this ghost town back to life?
Metal ore that powers batteries may be a bonanza for Cobalt.
Like so many mining towns throughout North America, Cobalt, Ontario has seen better days. The silver rush that transformed the modest community, located 300 miles north of Toronto, into a vibrant boomtown during the early 1900s has long since died away.
Today, the sleepy hamlet — some call it a ghost town — still bears scars from those heady, get-rich-quick days. The borough, built atop a honeycomb of abandoned mining tunnels, is not only littered with waste rock and capped mine shafts but also plagued by poverty.
But its fortunes could soon reverse. Cobalt, population 1,100, is poised to flourish once more due to its rich stores of the metal cobalt. Ironically, the town known for its silver was actually named for this shiny, bluish-gray ore. At the time it was mostly ignored. But not anymore.
It turns out cobalt is a key component of batteries that power cellphones, laptops and, increasingly, electric cars. Call it the new gold, a mineral prize that electric car makers like Tesla and tech companies are more than eager to get their hands on, particularly from conflict-free mining regions. Cobalt, Ontario, fits the bill.
https://www.mnn.com/earth-matters/energy/stories/tesla-ev-industry-bring-old-ghost-town-back-life
They can't afford it. Maybe shareholders could set up a gofundme account. Lol.
Maybe, maybe not. Long term this has huge potential.
Cobalt Trends 2017: Prices Spike as Supply Concerns Grow
What happened in the cobalt market this year? Here's a look at the major cobalt trends in 2017, from responsible sourcing to electric vehicle demand.
As demand for electric cars increase, the need for cobalt is also expected to soar, as the metal is a key component in EV batteries. In total, surging demand for electric vehicles is expected to push demand for lithium-ion batteries above 400 GWh by 2025, Benchmark Mineral Intelligence says. Lithium-ion batteries contain about 11 kilograms of cobalt each.
“[W]e forecast battery demand for cobalt to go from 46,000 tonnes in 2016 to 76,000 tonnes by the end of 2020 and from a cobalt producers perspective supply needs to keep up with, or be close to, expanded demand,” Benchmark Mineral Intelligence analyst Caspar Rawles said in February.
https://investingnews.com/daily/resource-investing/critical-metals-investing/cobalt-investing/cobalt-trends/
16.5 million electric vehicle sales tipped for 2025
3 hrs ago
Tesla to build world's largest battery
Almost one in every six new cars sold around the world in 2025 will be electric vehicles, according to a new report by experts from UBS who have lifted their EV sales forecasts sharply.
In Europe the electric vehicle share of new sales will be even greater, with UBS predicting one in every three cars sold in Europe will be electric in 2025.
‘’Electric vehicle sales have accelerated strongly in the second half of 2017 both in China, where changes to subsidies in 2018 are driving strong sales now; and in the rest of the world,’’ the report said.
http://www.smh.com.au/business/16-5-million-electric-vehicle-sales-tipped-for-2025-20171206-p4yxgk.html
Purickuta Exploitation Concession, Salar de Atacama, Chile
160 hectares (365 acres)
Description: Advanced exploration opportunity situated in the highest-grade lithium Salar in the world.
Location: Salar de Atacama, Chile. Approximately 22 kilometers (~14 miles) from two of the largest producers of lithium, Albemarle and SQM. Collectively, they make up 100% of Chile’s lithium output and about 37% of the world’s lithium supply. The giant Salar de Atacama is a salt flat encompassing ~3,000 km2.
Parts of the Salar in the vicinity of the Purickuta Exploitation Concession (“PEC”) possess grades up to
1,840 mg/l Li and 22,630 mg/l potassium. It has the highest rate of (solar) evaporation and is one of the driest places on earth. These characteristics make Atacama’s finished lithium carbonate easier and cheaper to produce than that of global peers.
The PEC consists of 160 hectares (365 acres) and is one of just a few “exploitation concessions” controlled by a non-Major in the Salar de Atacama. The property is contained within an existing exploitation concession owned by SQM, and lies approximately 3 km north of concessions held by the Chilean Economic Development Agency (“CORFO”). SQM & Albemarle have large-scale production facilities about 22 km to the northwest, (within the CORFO concessions mentioned above). Combined, these 2 facilities produce over 62,000 tonnes of Lithium Carbonate Equivalent (“LCE”) annually. That’s 100% of Chile’s current output and about 37% of the global LCE production in 2016.
WCTXF$. Cobalt, Silver, Copper. Huge potential. Lithium neighbors are SQM and ALB.
Cobalt and Lithium Dramatic Demand Pushing Mining Efforts to New Levels
12/6/17, 8:45 AM
PALM BEACH, Florida, December 6, 2017 /PRNewswire/ --
Cobalt and Lithium supply constraints, coupled with a never-before-seen boom in the adoption rate of electric vehicles (EV) across the globe, have conspired to create an ideal market in which a pure-play cobalt investment and participation vehicle's profits can outpace its peers. Cobalt, a critical 'energy metal' used to make lithium-ion batteries, has become the backbone of the Cobalt/Lithium Revolution and has seen a 150% price hike over the last 12 months. Demand is expected to rise by a compounded annual growth rate (CAGR) of about 6.9% from 2016 to 2020, with cobalt demand in lithium-ion batteries expected to grow at 11.7% CAGR from 2016 to 2022, according to Cobalt 27 Capital chairperson, director and CEO, Anthony Milewski. Active miners today with current developments include: LiCo Energy Metals Inc. (OTC: WCTXF) (TSX-V: LIC), Quantum Cobalt Corp. (CSE: QBOT.CN), eCobalt Solutions Inc. (OTC: ECSIF) (TSX: ECS), Lithium X Energy Corp. (OTC: LIXXF) (TSX-V: LIX.V), Glencore plc (OTC: GLNCY) (LSE: GLEN).
LiCo Energy Metals Inc. (OTCQB: WCTXF) (TSX-V: LIC.V) is pleased to report assay results for diamond drill holes GB17-08 to GB17-10 from the recently completed drill program on the Glencore Bucke Property located 6 km northeast of Cobalt, Ontario. The Company would also like to provide an update on the recently completed drilling program and a brief analysis of what has been determined to date by the Company.
A summary of the most significant results of the recent drill core assays are:
• GB17-10 0.55% Co over 5.00 m from 28.00 to 33.00 m.
• GB17-10 0.11% Co, 17.6 ppm Ag, 0.53% Cu from over 2.30 m from 81.0 to 83.3 m
As reported on the Company's November 30th, 2017 news release, LiCo has recently completed its 2017 diamond drilling program on its Teledyne and Glencore Bucke Properties completing a total of 32 diamond drill holes, drilling 4,100 m of core. This exploration work satisfies both its flow-through financing obligations and the contractual obligations outlined in the recently acquired Glencore Bucke Propertyfrom Glencore plc of Baar Switzerland (LSE: GLEN). The overall drilling program has confirmed and extended the cobalt mineralization on each property and these results are consistent with historical grades and widths in the overall Cobalt Camp. As reported previously, visual cobalt camp style mineralization has been noted in every drill hole that the Company has logged to date. Read this and more news for LiCo Energy at: http://www.marketnewsupdates.com/news/wctxf.html
On the Glencore Bucke Property, the Company has completed a total of 21 diamond drill holes totaling 1,900 m, testing the Main and Northwest zones. Additional base metal mineralization within and proximal to the cobalt mineralization has also been intersected throughout the drill program. On the Company's adjoining Teledyne Property, a total of 2,200 m has been completed in 11 diamond drill holes and the drill program is now complete. The analytical results for the Teledyne program have started to be received and reported by the Company.
Tim Fernback, President & CEO of LiCo states that, "We have been extremely pleased with our results to date and the exceptional work of our drilling team in Ontario. In this industry, it is very rare to design an exploration program and to find exactly what you are looking for at depth. So far, the results we are getting back from the assay lab are confirming the historic drill results and fit the model that we are predicting to be at depth. We are excited about getting the remaining results back from the lab, and to design our follow-up exploration program for 2018. With any luck, we will be closer to realizing our corporate goal of putting this property into production with a great JV partner like Glencore."
Additional base metal mineralization within and proximal to the cobalt mineralization has also been intersected throughout the drill program at the Glencore Bucke property, which LiCo finds encouraging as it has not been properly evaluated in the past for its full potential as accessory mineralization. "It is very encouraging that the Glencore Bucke Property has continued to provide good grades and width of cobalt mineralization based on the results that have been released to date" commented Dwayne Melrose, Director and Technical Advisor of LiCo. Mr. Melrose further explains, "Conceptually, having strong copper results could be significant to the overall economics of any potential mining operation. Copper is often associated with cobalt deposits globally. If you combine the additional value that copper mineralization may add to the value of the cobalt mineralization, it could increase the overall attractiveness of this group of properties which is important to both LiCo and any future strategic partner."The results for diamond drill holes GB17-08 and GB17-10 are summarized in a table that can be seen at: http://www.marketnewsupdates.com/news/wctxf.html
In other mining industry news and developments:
LiCo Energy’s Deal with Glencore, More Than Meets the Eye?
Before I reiterate the benefits of the transaction to LiCo, especially how well it fits in with the Company’s Teledyne project, please note the following terms of the Back-in-Option,
“….pay to the Purchaser an amount equal to 3 times the amount of Expenditures incurred by the Purchaser from the date of execution and delivery of this Agreement through (and including) the date of the Back-In Notice;…”
http://epsteinresearch.com/2017/10/05/lico-energys-deal-with-glencore-more-than-meets-the-eye/
Tesla's Best Bet for Cobalt Supply Is Here
Tesla's Best Bet for Cobalt Supply Is Here
From the start, Musk has stated that all Tesla vehicle components such as lithium and cobalt would be sourced first and foremost from North American producers.
Failing that, outside sources of these metals would need to be ethically mined.
This offered investors a conundrum.
First, because the U.S. is not one of the top three producers of either cobalt or lithium.
Second, because finding ethically mined battery supplies is harder than it sounds.
The DRC, for instance, is notoriously unethical in its mining practices. In fact, a large part of its cobalt supplies are purportedly mined using child labor, a practice Elon Musk has said he wants kept as far away from his production line as possible.
The problem is that the majority of the world’s cobalt comes from this country.
In 2016, it produced over 66,000 tons, more than half of the world’s total.
To put that in perspective, the second-largest producer, China, only produced 7,700 tons.
That’s one hell of a stretch between first and second place.
Still, China isn’t Musk’s only choice for a cobalt supplier, either.
Even though it’s the largest source of U.S. cobalt imports, China already has plans for much of its growing supply.
Any increase in cobalt or lithium production from this country will likely go to domestic battery production first, especially since China is planning at least four of its own Gigafactories to match Tesla’s in Nevada.
Source: Visual Capitalist
By 2020, the country is expected to expand to more than six times its 2016 battery production capacity.
And so that leaves Tesla with the best prospects coming out of our third-place contender: Canada.
At 7,300 tons for the year, our neighbors to the north are trailing right behind China in production.
The town of Cobalt, Ontario, is also a notable source of this unique metal and is one of the few places in the world where cobalt is mined as a primary resource rather than as a by-product.
It’s a no-brainer!
https://www.google.com/amp/s/www.energyandcapital.com/amp/articles/teslas-best-bet-for-cobalt-supply-is-here/6050
A lot comes from the Democratic Republic of the Congo (DRC), home to the largest cobalt asset in the world, the Tenke Fungurume mine. However, political instability and charges that child labor is used in the mines is putting pressure on producers to seek less controversial sources. As a result, exploration companies are turning to North America, and particularly Canada, in what must seem like déjà vu, particularly in places like Cobalt, Ontario, so named over a century ago after the mineral was discovered there.