Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
.148 +16%! Getting found and bought.
$WCTXF Their recent drilling reports CONFIRM that they have viable Cobalt, copper, silver resources. Tesla and many others are involved in actively exploring Battery resources outside of DRC. Cobalt, ON is at ground zero for that movement.
$WCTXF$. Huge potential.
This is a scam. Maybe at one point it was a company with possibility. Too many claims that never came to fruition. Brownies in a can. New flavor cancakes. Eggs in a can. China cans. Big box store shelves. Kiosks lol. What ever became of their sales guy? Is he still out making sales? Never happened. The only thing that has happened is a larger S/S and a lower stock price. Nate got this? Nah. Nate got your money.
$WCTXF. On average, a single lithium-ion EV battery contains over 30 pounds of cobalt.
And with conservative projections of a 20-fold increase in global EV demand, forecasts show a whopping 4,500% surge in demand for cobalt between now and 2030.
Where'd the "Nate got this" guy go?
Agree jedijazz. Cobalt, copper, silver. AND Lithium. $WCTXF has multibagger potential IMHO.
Flagging. Feels like a good spot to base before a move higher. $WCTXF.
$WXTXF They have documented Cobalt/Copper/Silver resources now. Buyout/further partnering candidate IMHO.
$WCTXF just hit .19 with 6.6 million volume on the TSX!
News out: LiCo Energy Metals - Intersects 3.92% Cobalt Over 0.75 m Teledyne Cobalt Property
11/30/17, 8:30 AM
VANCOUVER, British Columbia, Nov. 30, 2017 /PRNewswire/ -- LiCo Energy Metals Inc. ("the Company" or "LiCo") TSX-V: LIC, OTCQB: WCTXF is pleased to report assay results for the first diamond drill hole completed on the Teledyne Cobalt Property, located 6 km northeast of Cobalt, Ontario.
A summary of the most significant results of the recent drill core assays are:
-- TE17-01 0.62% Co over 6.00 m from 136.00 to 142.00 m including 3.92% Co
over 0.75 m from 140.25 to 141.00 m.
On the Teledyne Cobalt Property, the Company has completed a total of 11 diamond drill holes totaling 2,200 m. The diamond drilling program has been completed, and the drill rig will be demobilized this week. The drilling has extended the cobalt mineralization on Property, with the grades being consistent with the historical results.
Tim Fernback, President & CEO of LiCo, states "We are very happy with the drilling results from our Teledyne and Glencore Bucke drilling programs. We set a goal to replicate the historic results of cobalt grade and width of mineralization, which we have accomplished in spectacular fashion. Yesterday we announced an intersection of 7.64% Cobalt at Glencore Bucke, and today we have assay results for 3.92% Cobalt at Teledyne. Now that the remaining drill core is making its way to the assay lab, we are eagerly awaiting additional cobalt, copper and silver results that can help us define the next stage of our exploration program on both properties for 2018."
The results for diamond drill hole TE17-01 is summarized in Table 1 below.
Table 1: Summary of Diamond Drill Results
To Co
DDH From (m) Core Length (m) Ag (ppm) Cu (ppm) Zn (ppm) Pb (ppm)
(m) (%)
TE17-01 136.00 142.00 6.00 0.62 0.9 51 37 4
Incl. 136.50 137.00 0.50 0.23 0.9 6 47 2
Incl. 139.75 142.00 2.25 1.54 1.8 121 40 8
Incl. 140.25 141.00 0.75 3.92 2.4 216 39 13
Note: Intervals reported in Table 1 represent core lengths and not true widths.
Qualified Person
The Glencore Bucke and Teledyne Properties are managed by Joerg Kleinboeck, P.Geo., (LiCo's QP), and supervised by Dwayne Melrose, Director and Head of the Technical Advisory Board of LiCo.
The overall drilling program has been conducted as part of LiCo's flow thru financing and work commitments for the Glencore Bucke and Teledyne Properties.
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 property currently under option to LiCo Energy Metals.
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. The salar possesses a very high grade of both Lithium (1,840mg/l) and Potassium (22,630mg/l and is close to power, labour, communications, transportation and other infrastructure. The property of 160 hectares is enveloped by a concession owned by Sociedad Quimica y Minera ("SQM") and lies, significantly, within a few kilometers of the property of CORFO (the Chilean Economic Development Agency) where its leases to both SQM and Albermarle's Rockwood Lithium Corp Together these two companies have combined production of over 62,000 tonnes of LCE (Lithium Carbonate Equivalent) annually making up 100% of Chile's current lithium output. The unique characteristics of Salar de Atacama make finished lithium carbonate easier and cheaper to produce than any of its peer group globally.
Purickuta is a smaller exploitation concession rather than a large exploration concession thereby accelerating the task of taking the project to production once a measured reserve can be established. Currently, the Chilean government retains ownership of lithium separate from other minerals and thus production can only proceed upon receipt of a special lithium operation contract know as a "CEOL". In the future, it will be necessary for LiCo and partner to negotiate a production contract with CORFO concurrently with completing any positive feasibility study. "Chile, which has one of the world's most plentiful supplies of lithium, is pushing ahead with new policies to develop those reserves". (Reuters Jan 2, 2017).
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. The geologic setting and presence of lithium in active geothermal fluids and surface salts in Dixie Valley match characteristics of producing lithium brine deposits at Clayton Valley, Nevada and in South America.
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 Company is planning an exploration programs on a number of its properties over the next several months. 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
View original content:http://www.prnewswire.com/news-releases/lico-energy-metals----intersects-392-cobalt-over-075-m-teledyne-cobalt-property-300564163.html
SOURCE LiCo Energy Metals Inc.
Sign of things to come. $WCTXF
.11 broken. Wow.
.109 folks. $WCTXF
$WCTXF at .13 on the TSX exchange!
Dime baby! $WCTXF.
.095 $WCTXF Huge volume. Dime today?
Someone put a decimal point in the wrong spot? Oops.
$WCTXF From today's news: "We are also finding very good silver and copper results in our assays which is equally exciting." That is VERY exciting. 3 headed monster.
Big buys! $WCTXF
Through the .09 wall. .093 up. $WCTXF
Agreed. This has the potential to hit dollars with production IMHO. Also a buyout candidate IMHO. China, TSLA, car companies, Europe (just to name a few) are desperate for new sources of battery materials.
$WCTXF multibagger in the making.
$WCTXF Dime coming. This will go much higher. Far too many catalysts not to. IMHO.
Global Demand Rising Quickly as Cobalt and Lithium Supply Tightens
11/29/17, 8:40 AM
PALM BEACH, Florida, November 29, 2017 /PRNewswire/ --
The prices of cobalt and lithium have skyrocketed recently because of worries that supply of the vital metals may not be able to keep pace with demand. Once an unlikely hero in precious metals, cobalt continues to shine and outpace all expectations as global demand skyrockets in light of the rising number of electric vehicles. Cobalt prices alone have nearly doubled since the start of 2017 to trade near $29 per pound, according to data from Metal Bulletin. Although the searing pace could potentially hurt the long-term supply of the resource, cobalt leaders are releasing impressive results from excavations to boost performance and provide lucrative revenue streams as 2017 comes to a close. Cobalt/Lithium miners with developments include: LiCo Energy Metals Inc. (OTC: WCTXF)(TSX-V: LIC), eCobalt Solutions Inc. (OTC: ECSIF) (TSX: ECS), Lithium Americas Corp. (TSX: LAC.TO) (OTC: LACDD), Rio Tinto plc (NYSE: RIO), 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 GB17-06 to GB17-07 from the recently completed drill program on the Glencore Bucke Property located 6km northeast of Cobalt, Ontario and provides a drilling update.
"We are very pleased with the higher-grade cobalt mineralization that has been intersected at our Glencore Bucke property" says Tim Fernback, President & CEO of LiCo and "not only have we intersected cobalt style mineralization in every drill hole completed, we are happy to report that 4 of the 7 holes assayed to date have higher than average grades of more than 1% cobalt. We are also finding very good silver and copper results in our assays which is equally exciting. So far, we have drilled a combined 3,728 m with 30 drill holes on our Glencore and Teledyne Ontario properties as part of our 2017 flow-through work program. Read this and more news for LiCo Energy at: http://www.marketnewsupdates.com/news/wctxf.html
A summary of the most significant results of the recent drill core assays are:
• GB17-07 - 1.11% Co, 16.6 ppm Ag over 2.0 m, incl. 7.64% Co, 9.1 ppm Ag over 0.26m
• GB17-06 - 4.45% Co, 34.2 ppm Ag over 0.30 m from 44.40 to 44.70 m
• GB17-06 - 0.25% Co over 1.75 m, incl. 0.58% Co, 28.9 ppm Ag over 0.5 m
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 drilling has confirmed and extended the cobalt mineralization on the property and which are consistent with historical grades and widths in the overall Cobalt Camp. Visual cobalt camp style mineralization has been noted in every drill hole that the Company has logged to date. The drill program has been completed as planned. The drill program was designed to provide the company with sufficient drill hole information to create a geological model and a 43-101 complaint resource estimate.
The results for diamond drill holes GB17-06 and GB17-07 are summarized in a table that can be seen at: http://www.marketnewsupdates.com/news/wctxf.html
In other mining industry news and developments:
eCobalt Solutions Inc. (TSX: ESC.TO) (OTCQB: ECSIF) finished up 6.60% on Tuesday with nearly 500,000 shares traded. The company recently announced the progress to date on the Idaho Cobalt Project's ("ICP") construction, cobalt marketing and project optimization. The ICP, located in East Central Idaho, is the only environmentally permitted, primary cobalt project located in the United States. It is 100% owned by the Company's wholly owned subsidiary, Formation Capital Corporation, U.S. Last week, the Company SEDAR filed its recently completed Feasibility Study ("FS") Technical Report in accordance with National Instrument 43-101 (see Company news release dated November 10, 2017). The FS was prepared by Micon International ("MI") in conjunction with SNC Lavalin ("SNC") both of Toronto, Canada. The FS outlines the production and processing feasibility of the ICP as an underground mine and mill, developing the Company's Ram deposit and the Cobalt Production Facility ("CPF"), a hydrometallurgical refining operation located on a railhead in Blackfoot, Idaho.
Lithium Americas Corp. (TSX: LAC.TO) (OTCQX: LACDD) closed up 3.38% on Tuesday with a volume north of 600,000 traded by the market close. Earlier in the week, the company announced that Ms. Jean M. Fraser has been appointed to the Company's Board of Directors. Ms. Fraser has had a distinguished legal career as a partner and leader at Osler, Hoskin & Harcourt LLP, a pre-eminent Canadian law firm. She has been a leading advisor of boards and management of prominent public companies on corporate governance, multi jurisdictional transactions and other business critical matters. Lithium Americas' Chairman, George Ireland commented: "Ms. Fraser is a highly regarded corporate counsel and expert in the area of corporate governance. She brings a wide array of business experience, and we are very pleased to welcome her to the Board of Lithium Americas."
In a recent article on Business Times, Rio Tinto plc (NYSE: RIO) is getting distracted by a shiny new thing. The Anglo-Australian mining giant may be on the verge of buying a stake in US$15 billion lithium producer Sociedad Quimica y Minera (SQM). After previously chasing aluminium at its peak, Rio is looking late again. Excavators are emerging from a period of austerity. They have cleaned up a string of disastrous deals and slashed costs. Thanks to China and the surge of interest in electric cars, demand is growing. Materials including lithium, cobalt and copper are in vogue. Read more at: http://www.businesstimes.com.sg/energy-commodities/rio-tinto-may-buy-stake-in-lithium-producer-sociedad-quimica-y-minera
Glencore plc (OTC: GLNCY) (LSE: GLEN.L) was discussed in a published article on Bloomberg this month as the price of cobalt has more than doubled over the past year amid investor excitement about the extra demand that will be created by lithium-ion batteries used in electric vehicles. Thanks to its Congolese assets, Glencore's share of global cobalt supply will rise to about 30 percent, estimates UBS. Chief executive Ivan Glasenberg thinks there could be a cobalt shortage in coming years and therefore further price increases. Read more:https://www.bloomberg.com/gadfly/articles/2017-11-06/glencore-s-big-congolese-bet-carries-plenty-of-risk
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-four 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.
Contact Information:
E-mail: info@marketnewsupdates.com
+1(561)325-8757
SOURC
.08 on the bid. $WCTXF
$WCTXF .08 touched.
.0788 $WCTXF
Nearing MACD cross on the weekly. The last time the MACD went green $WCTXF ran to .20
$WCTXF HOD on strong volume.
5 Reasons Cobalt Prices are set to Soar
https://www.prnewswire.com/news-releases/5-reasons-cobalt-prices-are-set-to-soar-657184573.html
Thai Summit confirms EV commitment
16 Nov 2017
Thai Summit Group, one of the country's largest auto parts makers, remains confident in supplying electric vehicles in the long term, saying EVs are a game-changer for the automotive sector worldwide.
According to vice-president Chanapun Juangroongruangkit, EVs will transform the overall automotive outlook and could put some parts makers out of business, particularly those with a focus on carburettors, exhaust pipes or engines.
Meanwhile, manufacture of batteries -- a vital EV part -- is expected to grow rapidly. The two main elements used in EV batteries are lithium, concentrated in Chile, Bolivia and Argentina, and cobalt, found largely in the Democratic Republic of the Congo.
New businesses will emerge as well, including battery leasing, battery recycling, automotive software and ride sharing.
"Due to this new disruptive technology, every auto-related firms has to focus on and seek new alliances for a partnership on any new and higher technology," Ms Chanapun said.
She said government policy in each country will be an important accelerator for creating local EV markets.
In Thailand, emphasis will be placed on hybrid electric vehicles (HEVs), in line with investment policy.
"According to my projection, about 1.2 million EVs on the roads by 2036 is quite realistic for Thailand, and the country is behind developed countries that have set the EV direction," Ms Chanapun said.
She said Thai Summit is ready for any disruptive technology and already supplies EV parts for carmakers in the US and Japan.
https://www.bangkokpost.com/business/news/1361095/thai-summit-confirms-ev-commitment
Green with very strong volume. $WCTXF
$WCTXF Cobalt and Lithium Surging Demand and Rising Increase in Prices Fueling Influx of Mining Projects
11/15/17, 8:50 AM
PALM BEACH, Florida, November 15, 2017 /PRNewswire/ --
Surging demand fundamentals for cobalt and lithium have significantly changed with technological advancements in electric vehicles, e-mobility, rising Gigafactories, lithium-ion batteries and more. Industry insiders anticipate that demand for electric vehicles will increase phenomenally over the next ten years, particularly in North America, Europe and North East Asia, creating a huge demand for lithium-ion batteries. With the continued rising demand for lithium-ion batteries at an all-time high as sales of electric vehicles increase each year, lithium and cobalt mining companies are scrambling to keep up with the insatiable demand and meet the skyrocketing forecast. Cobalt/Lithium miners with developments include: LiCo Energy Metals Inc. (OTC: WCTXF) (TSX-V: LIC), FMC Corporation (NYSE: FMC), Lithium X Energy Corp (OTC: LIXXF) (TSX-V: LIX), eCobalt Solutions Inc. (OTC: ECSIF) (TSX: ECS), Rio Tinto plc (NYSE: RIO), Quantum Cobalt Corp. (CSE: QBOT).
LiCo Energy Metals Inc. (OTCQB: WCTXF) (TSX-V: LIC.V) is pleased to update its shareholders on the current diamond drilling program for its Teledyne and Glencore Bucke Cobalt Properties situated in Bucke and Lorrain Townships, 6 km east-northeast of Cobalt, Ontario, as originally announced on September 12th, 2017.
The Company has recently completed drilling 27 diamond drill holes for a combined depth of approximately 3,106 meters on its two cobalt mineral exploration properties in Ontario. The current drill program is designed to confirm and extend the existing known mineralization and to provide the company with sufficient drill hole information to create a geological model and a 43-101 complaint resource estimate. 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. Visual cobalt camp style mineralization has been noted in every drill hole that the Company has logged to date. The drill program has been completed as planned, and the drill rig was demobilized earlier in the week. Historical drilling completed on the Glencore Bucke Property outlined two separate vein systems hosting significant cobalt and silver values. The Main Zone, currently is 152 m in length, and the Northwest Zone, measuring 70 m in length. The Main Zone had a north-south strike, which is hypothesized as the southern extension of the #3 vein from the Cobalt Contact Mine located immediately to the north of the Property (Bresee, 1982).
On the Company's adjoining Teledyne Property, a total of 1,206 m has been completed in 6 diamond drill holes. Drilling has intersected Cobalt camp style mineralization in each drill hole that has been logged to date. Diamond drilling is expected to continue testing targets identified by management throughout the month of November and early December. "We are exceptionally pleased with the exploration program to date," says Tim Fernback, President & CEO of LiCo. "We look forward to the assay results that will be released over the next 30-45 days."
In other mining industry news and developments:
FMC Corporation (NYSE: FMC) Developments: As reported on Reuters last week, the company recently said it would invest $300 million investment to double its lithium production in Argentina by 2019, its local affiliate said in a statement. The investment in Catamarca province will more than double its output of lithium to 40,000 metric tonnes per year in two years, unit Minera del Altiplano said. Catamarca province Governor Lucia Corpacci said the agreement would need to be approved by the province's legislature. FMC is one of the so-called 'big four' global companies that produce lithium, a mineral used in rechargeable batteries. The price of lithium has rocketed in recent years on the back of an expected rise in demand for electric vehicles.
Liberty One Lithium Corp. (OTC: LRTTF) (TSX-V: LBY.V) recently announced that drilling has commenced at its Pocitos West property in Northern Argentina. The operational team moved quickly to secure and mobilize a drilling rig and all related equipment. Commensurate with the Company's focus on its strong leadership team, the Company has deployed to site Monty McNeil, the Company's Senior Engineering and Operations Manager. With operations underway, on-site determination by the team will assess initial findings from the brine samples at specific depths, as defined by geophysics and drill hole logging. If warranted, the team may elect to case the primary well for monitoring, and drill an adjacent rotary/core hole for pumping tests. Once the initial well is at depth and down-hole geophysics logging and depth-specific packer sampling have been completed, the drilling equipment will be moved to the second target to undertake preliminary wide-area sampling of the salar basin characteristics.
eCobalt Solutions (OTC: ECSIF) (TSX: ECS.TO) recently announced the SEDAR filing of a Feasibility Study Technical Report ("FS") of the Company's Idaho Cobalt Project ("ICP"), the only environmentally permitted, primary cobalt project located in the United States (see company news release dated September 27 , 2017). The economic model uses a 34% corporate tax rate and a 7.5% discount rate, resulting in an after-tax NPV of $135.8M and an IRR of 21.3% using an average base case price of $26.65 /lb for contained cobalt in cobalt sulphate. The ICP is 100% owned by the Company's wholly owned subsidiary, Formation Capital Corporation, U.S. The FS was prepared by Micon International ("MI") in conjunction with SNC Lavalin ("SNC") both of Toronto, Canada. The FS is based on an underground mine with a target production rate of 800 short tons per day ("tpd") and a weighted average annual production of 2.4M lbs of cobalt, 3.3M lbs of copper and 3,000 oz of gold over a 12.5 year mine life with an estimated pre-production period of 24 months utilizing a 0.25% cobalt cut-off grade.
Rio Tinto plc (NYSE: RIO) has been reported the company is said to be weighing its investment in Chile's Chemical and Mining Society (SQM), based on several factors. SQM, which has a market value at just over $15 billion, produced roughly 44 million tonnes of lithium carbonate last year and is developing new projects in Chile and Australia. According to the Chilean news site El Mostrador, Rio is looking at the 32% interest in SQM that Canada's PotashCorp. must sell in order to be allowed to merge with its smaller rival, Agrium.io's main exposure to lithium is through its 100%-owned lithium and borates mineral project in Jadar, Serbia, which is still in the early stages of development.
Quantum Cobalt Corp. (CSE: QBOT) recently announced this month that it has entered into an option to acquire 100 per cent of the Nipissing Lorrain cobalt project located 26 kilometres southeast of Cobalt, Ont. The property consists of two separate claims and is adjacent to First Cobalt's Silver Centre claims. Six separate underground workings have been historically mined for cobalt-silver-nickel. The Nipissing Lorrain mine cobalt property is located 26 kilometres southeast of the town of Cobalt near the eastern border of Ontario. Cobalt is the epicentre of past Cobalt mining in Ontario. The district is mining friendly, with a rich history of cobalt and silver production.
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-four 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.
Contact Information:
Media Contact
email: info@marketnewsupdates.com
+1(561)325-8757
SOURCE MarketNewsUpdates.com
Opel announces electrification of its car line after failing to capitalize on Chevy Bolt EV demand
https://electrek.co/2017/11/09/opel-electrification-car-line-chevy-bolt-ev-demand/
China’s EV surge continues
https://www.motoring.com.au/chinas-ev-surge-continues-109796/
Fleets offer window into EV economics
Sebastian Blanco
XL Hybrids says companies have put more than 50 million miles on its electrified commercial vehicles.
In 2009, XL Hybrids opened for business with a plan to add small batteries and electric motors to some larger work vehicles used by fleets. Think Ford F-150, Ford Transit, Chevrolet Express or GMC Savana.
Today, the company won't say how many vehicles it has electrified, only that more than 50 million miles have been put on XL's upfitted vehicles. XL's electric package was successful enough that the company introduced a plug-in hybrid option in early 2017 and is gearing up to offer full electric modifications when the economics work out. All of these electric options require talking to fleet managers about new technologies, refueling methods and cost-cutting steps.
XL Hybrids CEO Tod Hynes said adding electric power to work vehicles doesn't just help fleet managers save money — around 20 percent less fuel use with the hybrid, 33 percent with the plug-in hybrid. It could pave one road to broader acceptance of plug-in vehicles among the general public.
"For a commercial vehicle owner, they may have 50 or 100-plus vehicles plugging into the same facility, and that can create some real challenges," he said. Solving the fleet charging problem is "something that I think can eventually transfer over to the consumer market. Some of our commercial customers may put in charging infrastructure to charge their vehicles at night and those could be available during the day for consumers. That would help expand the charging infrastructure in a way that's different than what's happening now."
A good example is Ikea, which last month announced it will electrify its fleet of delivery vehicles and has invested in XL Hybrids. Installing lots of charging stations at Ikea stores would not only work to charge up the delivery trucks, but would offer customers a way to recharge their electrified vehicles while they shop and eat meatballs.
Today, electric fleets come in many sizes and shapes. Electric passenger buses are gaining in popularity from large and small players alike. A city in Norway ordered 25 all-electric Volvo buses in September — the largest ever for the automaker — while BYD offers seven models and sold more than 20,000 electric buses in China last year, its share of the estimated 115,000 sold there in 2016.
On the smaller end of the spectrum are the all-electric passenger cars used as taxis or work vehicles around the world. More than 150 Tesla vehicles are used as taxis around Schiphol Airport in Amsterdam, for example, and General Motors' Maven Gig short-term rental service offers Bolt EVs for Uber and Lyft drivers in seven cities around the U.S.
Those little steps will add up. Lyft announced this summer that, starting in 2025, it plans to offer a billion rides each year in autonomous electric vehicles. A new global initiative, EV100, is a "club" organized by the nonprofit Climate Group in September that companies can join by making public commitments such as integrating EVs into their fleets or installing charging infrastructure.
Hynes: Expanded infrastructure
'New normal'
Even with its far-off 2030 deadline, EV100 hopes to address rising carbon emissions and "make electric transport the new normal," Climate Group CEO Helen Clarkson said in a statement. Ikea's EV announcement is part of its EV100 commitment.
Environmental reasons aren't the only push for fleet managers to adopt EVs. The main reason is another kind of green: money.
A new report from the Rocky Mountain Institute found fleet costs to be financially favorable for EVs. Costs varied by state, but the cost per mile was lower in most cases for fleet-charging an EV compared with home or workplace charging. In all cases examined in the study, the 2016 fleet cost per mile for an EV was between four and eight cents less than for a gasoline-powered car.
Thanks in part to those lower per-mile costs, the study found that the total overall cost for a fleet of 30 EVs — in this case, Chevy Bolt EVs — driving 25,000 miles a year for five years was around $400,000 less than a comparable fleet of internal-combustion vehicles.
Getting the full benefit requires the continuation of state and federal tax incentives for EVs, because otherwise the EV fleet itself costs around $200,000 more. The GOP's proposed tax plan released this month would do away with the federal tax credit. But the authors of the Rocky Mountain Institute study, Chris Nelder and Garrett Fitzgerald, say that as battery costs continue to decline, the tax incentives no longer would be required to make EVs a better financial choice.
http://www.autonews.com/article/20171113/OEM06/171119930/fleets-offer-window-into-ev-economics
5 Reasons Cobalt Prices Are Set To Soar
Pay close attention to this cobalt chart. Demand could be about to surge from 2k tonnes today... to over 300k tonnes in 2030. That's a 14,900% increase in demand.
This cobalt chart is the only one you really need to understand. Simply: Cobalt is never going to be cheap again, thanks to the electric vehicle revolution and a massive supply chain bottleneck coming out of Africa.
http://www.baystreet.ca/articles/stockstowatch/34038/5-Reasons-Cobalt-Prices-Are-Set-To-Soar
Chinese Electric Vehicle Makers Need Lithium So Badly They're Willing to Buy it in the Ground
https://www.prnewswire.com/news-releases/chinese-electric-vehicle-makers-need-lithium-so-badly-theyre-willing-to-buy-it-in-the-ground-657191033.html
$WCTXF has a footprint in the same locations as most of the big Lithium players. Will they soon be added to this list?
Weekly also! MACD cross coming. $WCTXF.