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New HOD. $CVSI
An Investment
Emblem Corp (OTC:EMMBF) said it will invest $3 million in Natura Naturals Inc. and signed a three-year supplier agreement for up to 3,000 kilograms of Natura’s cannabis per year. The investment deal is expected to close this week.
“Our partnership with Natura quickly accelerates our time to market, with an immediate increase in product volume, supporting both our medical and adult-use demand,” Emblem CEO and President Nick Dean said.
Promising company, news is a big positive imo and was clearly well received. This is one of 3 Canadian canna-companies I’m very long in.
So.... Jeff West was so overwhelmed making these lucrative cancake deals that they needed bring in not one but TWO more consultants?!?! Riiigghhht. Cantastic cancakery to the .nth degree.
Yep. Scamtastic cancakery. Kiosks, brownies, multi flavors, “done deal” interested big box pt’s that miraculously never came to fruition. Increase in SS. Collapse of stock price. Etc, etc, etc. Take your pick. Where’s West? Where’s the “Nate got this” guy?
I hear they hired Don Draper from Sterling Cooper for their marketing campaign. To ‘da moon! Cancakery.
Lol. That’s a sad cancake.
A once “successful” grocery product taking YEARS to get back on shelves?!? Where’s the “Nate’s got this” guy from the picture gone?
It’s Cancakery.
Not exactly apples to apples but CRON reminds me of GWPH.
Looking like a higher open also.
oats even better days ahead for CRON.
MW UPDATE: Cannabis company Cronos Group shares jump 5.6% on news of cross-border joint venture with MedMen
3/19/18, 7:52 AM
Toronto-based cannabis company Cronos Group Inc.'s shares (CRON.V) surged 5.6% in premarket trade Monday, after the company said it has entered a cross-border joint venture with MM Enterprises USA LLC, or MedMen Enterprises, to develop branded products and open stores across Canada. MM, a company with facilities in California, Nevada and New York, will join forces with Cronos, which has a footprint in Germany, Israel and Australia, and trades on Nasdaq. The joint venture will be called MedMen Canada, and comes just months ahead of Canada's plan to fully legalize cannabis for adult recreational use. "MedMen Canada will give us entry into an important emerging market for adult use and broaden our exposure worldwide," said MedMen CEO and Co-founder Adam Bierman. MedMen is planning to go public in Canada in the second quarter. Cronos shares have gained 265% in the last 12 months, while the S&P 500 has gained 16%.
-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
03-19-18 0752ET
The Electric Vehicle Future Is Already Boosting Miners’ Earnings
February 22, 2018, 11:00 PM EST
https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2018-02-23/the-ev-future-is-here-and-already-boosting-earnings-for-miners
Cobalt Mining Operations Increase Sharply as Battery Materials Market Remains Hot
MarketNewsUpdates.com
News provided by
08:45 ET
PALM BEACH, Florida, March 7, 2018 /PRNewswire/ --
https://www.prnewswire.com/news-releases/cobalt-mining-operations-increase-sharply-as-battery-materials-market-remains-hot-676109103.html
Apple may buy cobalt direct from mining companies as EV demand soars
https://electrek.co/2018/02/21/cobalt-demand-electric-vehicles/
$WCTXF over twice the avg 10 day volume already.
LiCo Energy Metals - Completes its Final Payment to Glencore Canada Corporation and Finalizes the Purchase of 100% for the Mineral Rights on the Glencore Bucke Property
3/5/18, 8:30 AM
VANCOUVER, British Columbia, March 5, 2018 /PRNewswire/ --
LiCo Energy Metals Inc. ("the Company" or LiCo") (TSX-V: LIC) (OTCQB: WCTXF) is pleased to announce that it has formally completed its obligations to Glencore Canada Corporation under the Mineral Property Acquisition Agreement ("Property Agreement") dated August 31st 2017 and announced on September 5, 2017 by the Company. The Mineral Rights were owned originally by Glencore ppCanada Corporation (subsidiary of Glencore plc) ("Glencore") of Baar Switzerland (LSE: GLEN). The Property Agreement allows LiCo to acquire a 100% interest in mining rights for patent #585 (the "Glencore Bucke property") situated in Bucke Township, 6 km east-northeast of Cobalt, Ontario. The Purchase Agreement includes a back-in provision, production royalty and an off-take agreement in favor of Glencore.
Glencore is one of the world's largest producers of cobalt as a result of by-products created from its copper assets in the DRC and nickel assets in Australia, Canada and Norway.
"We are very excited to formally acquire this strategically located cobalt property from Glencore. Its purchase agreement allows LiCo to expand upon one of Glencore's longstanding Canadian cobalt assets. If all goes as planned, we could be selling all our cobalt produced back to Glencore in the future. As I have mentioned before, not only is this a great cobalt asset, but we have also found a significant future customer in Glencore," states Tim Fernback, LiCo's President & CEO.
Strategically, the Glencore Bucke property consists of 16.2 hectares and sits along the west boundary of LiCo's Teledyne Cobalt Project that covers the southern extension of the former producing 15 Vein on the past-producing Agaunico Mine Property. Historically, the Agaunico Mine produced 4,350,000 lbs. of cobalt and 980,000 oz. of silver during the mining boom of the early 1900's (Cunningham-Dunlop, 1979).
In the early 80's the Glencore Bucke property was explored by 36 surface diamond drill holes totaling 3,323 m. The drilling program outlined two separate vein systems hosting significant cobalt and silver values. The two zones are known as the Main Zone, measuring 152.4 m in length, and the Northwest Zone, measuring 70.0 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 lease #585 (Bresee, 1982). Additional work was recommended but never completed due to a downturn in cobalt prices at the time. LiCo has recently completed the Glencore Bucke Property Phase 1 diamond drilling program. During the fall of 2017, LiCo completed 21 diamond drill holes totaling 1,900 m. A summary of the results of the Glencore Bucke Property Phase 1 diamond drilling program can be found in LiCo's news release dated January 26, 2018.
On LiCo's adjacent Teledyne property, historical drilling also encountered two zones of cobalt/silver mineralization extending from the boundary of mined zones at the Agaunico Mine in a north-south direction. In 1980, Teledyne completed a 700 m long production decline to reach the mineralization encountered in their surface drill program. Both the surface and underground drilling programs confirmed the extension of the Agaunico cobalt zones onto the Teledyne property for a strike length of 152.4 m. In addition, the drill program encountered a second zone with a strike length of 137.2 m. The most significant results included 0.644% Co over 16.9 m, 0.74% Co over 8.7m, and 2.59% Co over 2.4 m (Bresee, 1981). LiCo has recently completed a Phase 1 diamond drilling program on the Teledyne Property in the fall of 2017, whereby LiCo completed 11 diamond drill holes totaling 2,200 m.
Terms of the Acquisition
Purchase Price - The Purchaser shall pay to the Vendor the sum of $150,000 on the Approval Date; and pay to the Vendor the sum of $350,000 within 6 months after the date of the Agreement (the "Closing Date"). In addition, prior to the Closing Date during the Acquisition Period, the Purchaser shall incur $250,000 in Exploration Expenditures on the Property.
Offtake Agreement - Prior to the commencement of Commercial Production, the Purchaser shall enter into an off-take agreement with the Vendor for all ores and/or concentrates produced from the Property and/or the Teledyne Property. The off-take agreement shall be on such terms and conditions as are commercially reasonable and at prevailing market prices;
Production Royalty - The Royalty will consist of a 3.5% of Net Smelter Return calculated on a quarterly basis on all Products extracted from, processed and sold that originate from mining operations on the Property from and after Commercial Production. One-half (1/2) of the Royalty can be purchased for $1,000,000 payable to the Vendor or its assignee;
Back-In Option - from and after the Closing Date, subject to Glencore or an affiliate, determining that a discovery of one or more ore bodies having a minimum aggregate in-situ value of $100M or more from which minerals can be feasibly extracted, the Purchaser grants to the Vendor or its nominated affiliate an irrevocable, sole and exclusive right and option to acquire from the Purchaser a 51% interest in the Property and all Property Rights, free and clear of all burdens of any nature or kind. Once the Back-in Option is exercised a joint venture will be formed and a management committee established with representatives of both companies.
About Glencore:
Glencore plc is a leading integrated commodity producer and trader, operating worldwide with diversified operations comprising around 150 mining and metallurgical, oil production and agricultural assets. Glencore's industrial and marketing activities are supported by a global network of more than 90 offices located in over 50 countries where they employ around 155,000 people, including contractors. Glencore trades in and distribute physical commodities sourced from third party producers as well as their own production. The company also provide financing, processing, storage, logistics and other services to commodity producers and consumers.
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 purchased 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 (Cobalt, Ontario):
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.
Purickuta Lithium Project (Chile):
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.
Dixie Valley Lithium Project (Nevada, USA):
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.
Black Rock Desert Lithium Project (Nevada, USA):
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 M
Agreed. I often think of GWPH vs CRON. I have been holding CRON long term and previously held shares of GWPH. Not exactly apples to apples but GWPH went from 8.00 to 143.00 in under 3 years. Can CRON do the same? Certainly possible. GLTY.
Cronos Group Changes Canadian Ticker to CRON
3/5/18, 8:30 AM
TORONTO, March 5, 2018 /PRNewswire/ - Cronos Group Inc. (Nasdaq: CRON) (TSX-V: MJN) ("Cronos Group" or the "Company") is pleased to announce that the Company is changing its ticker on the TSX Venture Exchange from MJN to CRON.
This change is effective immediately for trading commencing on Monday, March 5 and is being made to conform to the ticker symbol that was selected when Cronos Group became the first pure-play cannabis company to trade on the Nasdaq on February 27, 2018.
About Cronos Group
Cronos Group is a globally diversified and vertically integrated cannabis company with a presence across four continents. The Company operates two wholly-owned Canadian Licensed Producers regulated under Health Canada's Access to Cannabis for Medical Purposes Regulations: Peace Naturals Project Inc. (Ontario), which was the first non-incumbent medical cannabis license granted by Health Canada, and Original BC Ltd. (British Columbia), which is based in the Okanagan Valley. The Company has multiple international production and distribution platforms including: Cronos Israel and Cronos Australia. Through an exclusive distribution agreement, Cronos Group has access to over 12,000 pharmacies in Germany. The Company is rapidly expanding its global footprint as it focuses on building an international iconic brand portfolio and developing disruptive intellectual property. Cronos Group is committed to building industry leading companies that transform the perception of cannabis and responsibly elevate the consumer experience.
Forward-Looking Statements
This press release contains forward-looking statements. These forward-looking statements, by their nature, require the Company to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Words such as "may", "will", "would", "could", "expect", "believe", "plan", "anticipate", "intend", "estimate", "continue", or the negative or comparable terminology, as well as terms usually used in the future and the conditional, are intended to identify forward-looking statements. Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection. The Company considers its assumptions to be reasonable based on information currently available, but cautions the reader that its assumptions regarding future events, many of which are beyond the control of the Company, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect the Company and its business.
For additional information with respect to these and other factors and assumptions underlying the forward-looking statements made in this press release, refer to the Company's most recent Annual information Form filed on SEDAR. The forward-looking information set forth herein reflects the Company's expectations as at the date of this press release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by law.
SOURCE Cronos Group Inc.
Cronos has international exposure. They already export to Germany. They have joint ventures with Israeli and Australian growing facilities. They’re also expanding their Ontario facility which will ultimately be the largest indoor growing facility in the world. And they only deal with countries where weed is not federally banned. Which is presumably why they’re on the Naz now. Great long term investment here. Canadian weed legalization hopefully in August.
“Of”
MJN at 10.39 as if 0830. $CRON
You’ll have shares of “CRON” if you own PRMCF shares. Don’t be surprised if it takes a day or two to be available through your brokerage though.
Scamtastic! If don’t have the money to properly file a stinkin’ 10Q, how can you afford not 1 but TWO consulting groups?!? Folks this is a trading vehicle. Nothing more.
Wasn’t West the food broker? Was he detained in China?
Electric, wind and solar already are paving the way for a renewable energy future
https://www.thedailyworld.com/opinion/pro-electric-wind-and-solar-already-are-paving-the-way-for-a-renewable-energy-future/
Researchers say Fuel Cell Using Cobalt Could Bring Down Cost Dramatically
Driven by the lithium battery revolution, researchers are looking at every alternative and may have a breakthrough using cobalt in fuel cells.
THE NEW FUEL CELLS
Researchers at the University of California have opened a whole new horizon with the invention of a new type of fuel cell that uses a cheap catalyst known as polymer electrolyte membrane fuel cell (PEMFC).
Fuel cells turn the chemical energy of hydrogen into electrical power. Like batteries, fuel cells using positive and negative electrodes that interact with an electrolyte to produce electricity.
Hydrogen is injected onto the anode and through the action of a catalyst, hydrogen atoms are broken into protons and electrons. The electrons are directed through an external circuit as electricity before being rejoined with positively charged hydrogen ions and oxygen to form water.
Fuel cells are however exceedingly expensive because they rely on a platinum catalyst.
By replacing the platinum catalyst with a porous carbon nanofiber embedded in cobalt, which costs just 1% of the price of platinum, the researchers expect the price to come down significantly.
Thanks for the chart z. Cobalt Market Fundamentals Improve as Prices Continue to Rally
1/26/18, 9:00 AM
PALM BEACH, Florida, January 26, 2018 /PRNewswire/ --
MarketNewsUpdates.com News Commentary
The global cobalt market has enjoyed considerable growth dating back to last January, 2017 as the demand for lithium-ion batteries has continued to steadily trend upward due to the rising popularity of electric vehicles and smartphones. Recent estimates project the lithium-ion battery market to swell past $60 billion globally by 2024. As of January 22, the cobalt spot price was US$36.29, rising again strongly from US$34.02 this time last month. In the past two months cobalt has rallied from $US27.67, or up 31%. With limited inventory, demand has influenced aggressive market conditions that are allowing new countries to enter the mining landscape and enhance the competition in the process. Headlines in the sector this week include leaders in the space securing resources to expand operations and increase production, as well as develop innovative processes to meet the unprecedented demand. Today's active miners with current developments in the market include: LiCo Energy Metals Inc. (OTC: WCTXF) (TSX-V: LIC), Sherritt International Corporation (OTC: SHERF) (TSX: S.TO), Quantum Cobalt Corp. (CSE: QBOT), US Cobalt Inc. (OTCQB: USCFF) (TSX-V: USCO), Cruz Cobalt Corp. (OTC: BKTPF) (TSX-V: CUZ).
LiCo Energy Metals Inc. (OTCQB: WCTXF) (TSX-V: LIC.V) is pleased to the update its shareholders on the completion on the Glencore Bucke Property Phase 1 diamond drilling program. During the fall of 2017, LiCo completed 21 diamond drill holes totaling 1,900 m. This drill program, along with the Phase 1 diamond drilling program completed on the Teledyne Cobalt Property, satisfied LiCo's flow-through financing obligations. The exploration program at the Glencore Bucke Property also satisfied our contractual obligations to Glencore plc. whereby LiCo was to incur $250,000 of exploration expenditures on the Property within six months of the approval date (see News Release dated September 5th, 2017).
In 1981, Teledyne Canada Ltd., completed 36 surface diamond drill holes totaling 3,323 m. The drill program outlined two separate vein systems hosting significant cobalt and silver values, known as the Main Zone, measuring 152.4 m in length, and the Northwest Zone, measuring 70.0 m in length (Bresee, 1982).
LiCo's Phase 1 diamond drill program was designed to confirm and extend the existing known mineralization along strike and up and down dip, and LiCo was successful in completing this objective. The program tested the Main Zone for a strike length of approximately 55 m and the Northwest Zone for a strike length of approximately 45 m. Due to the nature of the mineralization, drill holes were closely spaced apart, generally at 10 m along sections, and 12.5 m between sections on average. Significant cobalt intersections include diamond drill hole GB17-10 that intersected 0.55% Co over 5.00 m from 28.00 to 33.00 m, and diamond drill hole GB17-15 that intersected 8.42% Co over 0.30 m from 62.40 to 62.70 m. Significant copper mineralization was also intersected, such as 0.90% Cu over 20.20 m from 42.50 to 62.70 m in diamond drill hole GB17-15, and 1.25% Cu over 6.10 m from 67.50 to 73.60 m in diamond drill hole GB17-21. The aforementioned intervals represent core lengths, and not true widths.
"We are very pleased with the results of the Glencore Bucke Phase 1 drill program," commented Tim Fernback, LiCo President and CEO. "We not only were successful in completing the objective of the drill program but also with the overall grade, width and consistency of the mineralization. We are working on the design and amount of metres to be drilled of the Phase 2 drill program which will then be the basis of completing a 43-101 compliant resource estimation, which will be completed in conjunction with the Teledyne Cobalt Project". A summary of the most significant results from the Phase 1 diamond drilling program are provided in Table 1, while drill hole collar information is provided in Table 2 that can be seen at: http://www.marketnewsupdates.com/news/wctxf.html
In other mining industry news and developments:
Sherritt International Corporation (OTC: SHERF) (TSX: S.TO) recently announced it closed its previously announced unit offering including the full exercise of an over-allotment option granted to its agents. A total of 94,464,400 units (the "Units") of the Company were sold at a price of $1.40 per Unit for gross proceeds of approximately $132 million. Each Unit consists of one Sherritt common share (a "Common Share") and one-half of one common share purchase warrant linked to the price of cobalt (each full warrant, a "Cobalt-Linked Warrant"). Sherritt is a world leader in the mining and refining of nickel and cobalt from lateritic ores with projects and operations in Canada, Cuba and Madagascar. The corporation is the largest independent energy producer in Cuba, with extensive oil and power operations across the island.
Quantum Cobalt Corp. (CSE: QBOT.CN) has planned a drilling program (subject to permitting) to determine the size of a dump pile of material that was excavated during historic underground development work at the Nipissing Lorrain cobalt-silver-nickel mine property located 26 kilometres southeast of Cobalt, Ont. The company intends to use this information to prepare a mineral resource estimate (per Canadian Institute of Mining, Metallurgy and Petroleum definitions) and file a technical report on SEDAR. Following a successful sampling program over the historic waste pile in late 2017, Quantum has completed planning and budgeting of a tightly spaced grid of reverse circulation drill holes to collect representative samples and dimensions of the pile. The company intends to begin permitting immediately and return to site as soon as weather conditions and permitting allow to carry out the systematic definition of the pile.
US Cobalt Inc. (OTCQB: USCFF) (TSX-V: USCO.V) recently announced analytical results from a further three surface core holes drilled during 2017 at the Iron Creek project (the "Property") in Idaho, USA. All three core holes encountered sulfide mineralization with significant cobalt values. These results confirm that cobalt mineralization exists outside of the historical estimate at Iron Creek. The historical estimates are comprised of two zones with a gap between them, along strike, of approximately 400 feet (122 meters). Hole IC17-19 (see Company news release - January 15, 2018) is located in the eastern portion of this area, and intersected a true thickness of 19.1 feet (5.8 meters) grading 0.46% CoEq (0.43%Co+0.30%Cu). The current three holes lie west of IC17-19, and cover approximately 330 feet (100 meters) of strike in the area between the two historical estimate zones. These three holes, along with IC17-19, strongly suggest continuity of mineralization between the two areas of the historical estimates.
Cruz Cobalt Corp. (OTC: BKTPF) (TSX-V: CUZ.V) earlier this week announced it continues to build on its position as the foremost cobalt project generator and developer in North America with further increases in its land positions in British Columbia. The company significantly increased the acreage on its 100% owned Purcell cobalt prospects from 671 acres to 11,821 acres, consolidating the two separate Purcell prospects into one much larger contiguous prospect. This follows the recent tripling in size of its War Eagle cobalt prospects from 4,935 acres to 15,219 acres. The company recently engaged Precision GeoSurveys to conduct an airborne work program on these BC cobalt properties.
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
.1548. Boom. $WCTXF
$WCTXF .151 up.
Small Canadian miners in pole position for electric vehicle battery boon
VANCOUVER (Reuters) - Canadian developers of cobalt and lithium mines stand to benefit from a round of investments from the makers of electric vehicles and the batteries powering them, a potential game-changer for small miners short on money to develop deposits of these critical battery ingredients.
FILE PHOTO: Batteries for electric vehicles are manufactured at a factory in Dongguan, China on September 20, 2017. REUTERS/Bobby Yip/File Photo
Toronto-listed cobalt companies, Ecobalt Solutions and Fortune Minerals, are in talks, ranging from preliminary to more advanced, with more than a dozen groups, including car and battery makers, on financing their projects, their chief executives told Reuters.
The interest in miners from downstream players along the battery supply chain - a new area of investment for most - would provide a life-line to miners at time when equity funding for developers remains relatively tight after a five-year downturn on weak metals prices.
“We anticipate additional transactions in the coming months and years. It is a function of demand-supply imbalance,” said John Kanellitsas, President and Vice Chairman of Lithium Americas Corp, which raised nearly $300 million this year for a project in Argentina.
A string of potential financing deals in Canada comes after a handful of predominantly lithium miners in Australia - the world’s biggest lithium producer - secured investment from mainly Chinese automakers and battery makers this year looking to lock in future raw material supply.
For a FACTBOX on recent deals, click:
Lithium mine developers have been able to secure funding earlier than their cobalt peers as fears of a supply shortage started in late 2015, when cobalt was still in surplus.
Like lithium, cobalt’s price has doubled - but most of that upswing has come this year on concerns of multi-year shortfalls in the next decade as demand from the electric vehicle sector surges.
Cobalt’s fortunes are more closely tied to batteries than lithium‘s: about 55 percent of all cobalt goes into battery chemicals compared to about 40 percent for lithium, according to a Dec. 4 BMO Capital Markets report.
For a graphic click tmsnrt.rs/2AE9JGq
Although there are no guarantees that deals will be struck, the cobalt miners, who have been advancing their projects for more than a decade, are in their strongest position yet to secure funding, said Cormark Securities analyst MacMurray Whale.
That is because of deficit forecasts due to constrained supply and expected soaring demand from the electric vehicle market. “All those elements together suggest to me that it can’t be better,” Whale said.
FILE PHOTO: Batteries for electric vehicles are manufactured at a factory in Dongguan, China on September 20, 2017. REUTERS/Bobby Yip/File Photo
The Canadian Ghost Town That Tesla Is Bringing Back to Life
Renewed demand for cobalt, the metal, is breathing new life into Cobalt, the town.
More stories by Danielle Bochove
October 31, 2017, 5:00 AM EDT
The heightened interest in the metal is evident in Cobalt. Earlier this month, two dozen investors, bankers and hedge fund managers from as far away as Shanghai boarded a chartered plane and then a bus from Toronto through the autumnal splendor of Ontario’s boreal forest. Their host was First Cobalt, a Vancouver-based miner that recently abandoned the Congo in order to secure more land around Cobalt’s old mining camp.
“We’ve got some of the biggest resource companies in the world interested,” said Trent Mell, First Cobalt’s chief executive officer, fresh from eight weeks of travel through the U.S., Europe, Australia and Asia pitching his company to investors.
Early morning light hits the town of Cobalt, Ontario, on October 12, 2017.
Photographer: Cole Burston/Bloomberg
Ironically, Cobalt, Ontario—population 1,100—was built on silver.
Remnants of a boom that transformed the town more than a century ago are everywhere. A mine headframe still protrudes from the roof of the bookstore, which was previously a grocery. The butcher used to toss unwanted bones down an abandoned 350-foot shaft in the middle of the shop floor and keep meat cool in its lowered mine cage.
While the last silver mines closed almost 30 years ago, a global push for the village’s namesake metal is promising to breathe new life into the sleepy town 500 kilometers (300 miles) north of Toronto. The whitish element (which “blooms” pink when exposed to air) was initially ignored by the area’s prospectors and later mined mainly as a by-product of silver. Now, global demand for cobalt, a component in batteries used to power electric cars for automakers from Tesla Inc. to Volkswagen AG, is changing the game.
Call it a cobalt rush in Cobalt.
“This area’s seen more airborne surveys in the last year than in the last hundred,” said Gino Chitaroni, a local prospector and geologist. “Two years ago, if you had a cobalt property you couldn’t give it away. All of a sudden, within six months, everything changed.”
A house for sale along Cobalt’s main road on October 10, 2017.
Photographer: Cole Burston/Bloomberg
Cobalt, both the town and the metal, are attracting renewed attention as a buffer to rising political risks in the Democratic Republic of Congo, which accounted for more than half the world’s 123,000-ton production in 2016, according to Natural Resources Canada. China and Canada were a distant second and third, each contributing roughly 6 percent of supply, followed by Russia and Australia. But as concerns grow about country risk in the DRC, even as demand swells, those smaller players stand to benefit.
“Anybody who has cobalt outside the DRC is in a better situation because carmakers are very worried about their supply chains,” said Roger Bell, director of mining research at Hannam & Parters in London. Bell believes the amount of cobalt being used in electric cars could easily double in the next eight to 15 years. “Even in the most conservative assumptions, you’re looking at maybe a 20 percent gap between supply and demand for cobalt by 2025.”
Stock investors betting on cobalt are already benefiting. First Cobalt Corp., a Canadian miner exploring in the Cobalt area, has soared 90 percent this year. Cobalt 27 Capital Corp., another miner based in British Columbia, has jumped almost 600 percent. Neither company has any revenue.
LiCo Energy Intersects 21.9% Cobalt Over 0.36 Metres At Teledyne Property, Ontario
LiCo Energy Metals Inc. [LIC-TSXV, WCTXF-OTCQB] on Friday January 19 released some of the best cobalt values encountered so far at its Teledyne and Glencore Bucke exploration properties northeast of Cobalt, Ontario. The latest results are assays from two holes drilled on the Teledyne property where the current program is designed to confirm and extend the existing mineralization along strike and up and down dip.
Highlights include 2.32% cobalt over 4.00 metres from 126.5 to 130.5 metres, including 21.9% cobalt over 0.36 metres in hole number TE17-05.
Drill hole TE17-04 returned 1.82% cobalt over 6.00 metres from 138.00 to 144. metres, including 5.06% cobalt over 1.75 metres from 141.25 to 143.00, and 18.7% cobalt over 0.15 metres from 141.64 to 141.79 metres in drill hole TE17-04.
“These are the highest grade results that have been intersected to date on either LiCo’s Teledyne or Glencore-Bucke property,” said LiCo President and CEO Tim Fernback. LiCo shares were up a half-cent to 14.5 cents in morning trading, Friday.
LiCo Energy Metals is a grassroots Canadian company that conducts exploration for metals used in the production of lithium-ion batteries. Exploration of these metals has become critical in the face of surging demand for electric vehicles, cell-phones, and many other modern devices.
LiCo Energy has four ongoing projects in mining friendly jurisdictions in Canada, the United States and Chile.
On the Teledyne property, the company completed 11 diamond drill holes, or 2,200 metres in the fall of 2017. Earlier highlights include hole TE17-02, which returned 0.95% cobalt over 1.9 metres from 143 to 144.9 metres, including 2.58% cobalt over 0.60 metres from 144.30 to 144.90 metres.
Drill hole TE17-02 returned 0.59% cobalt over 3.9 metres from 156.0 to 159.9 metres, including 2.22% cobalt over 0.60 metres, from 156.6 to 157.2 metres.
Assays from the nearby Glencore Bucke property are similar to those released from Teledyne. Highlights from Glencore Bucke include drill hole GB17-07, which returned 1.11% cobalt, 16.6 ppm silver over 2.0 metres, including 7.64% cobalt, and 9.1 ppm silver over 0.26 metres.
The drilling has confirmed cobalt mineralization on the property, which is consistent with historical grades and widths. LiCo has now completed its 2017 diamond drilling program on both Teledyne and Glencore Bucke properties.
This work satisfies both the company’s flow-through financing obligations and the contractual obligations outlined in the recently acquired Glencore Bucke property from metals trading giant Glencore Plc of Baar, Switzerland.
Fernback has said the company is looking ahead to getting the remaining drill core results back from the assay lab to confirm that the same cobalt mineralization is found throughout the Glencore and Teledyne properties.
Aside from the Ontario properties Lico’s asset portfolio includes the Dixie Valley Exploration project in Churchill County, Nevada, about 160 kilometres northeast of Reno. This is an early-stage conceptual lithium brine project covering 2,817 hectares of ground. The target is a lithium brine model based on Clayton Valley (Nevada) and several basins in South America.
Tesla Has Found Yet Another Safe Haven For Cobalt
Cobalt has a long history of mining silver but that’s changing as Cobalt is fast-becoming a hotspot for its namesake, cobalt, and Tesla is getting a piece of the pie (Image: Camp Scout)
A SMALL TOWN WITH AN IRONIC NAME COULD HELP ENERGIZE TESLA’S FUTURE
When you think Tesla, your typically think Fremont, California or Sparks, Nevada. But Bloomberg recently published a fascinating story, The Canadian Ghost Town That Tesla Is Bringing Back to Life, which reports on some important mines in North America that are addressing the “global demand for cobalt, a component in batteries used to power electric cars for automakers from Tesla Inc. to Volkswagen AG.” So where is this so-called Canadian ghost town? Ironically, it’s called Cobalt, Ontario and it only has a population 1,100.
Although cobalt is critical to lithium-ion batteries, it’s been the subject of some controversy. A report from Amnesty International published concerns over cobalt being a conflict mineral when sourced in the Democratic Republic of the Congo (DRC). The report takes issue with, “several automakers like Mercedes, VW and BYD, as well as several battery manufacturers known to supply automakers, like LG Chem” who supply EV batteries for GM and Nissan.
That said, Tesla was spared: “the company [Tesla] is not named in the report because its main battery cell supplier, Panasonic, sources its cobalt from the Philippines and not Congo.”
Now, it appears (via Bloomberg) that Tesla also has access to cobalt in Canada. “Call it a cobalt rush in Cobalt… both the town and the metal, are attracting renewed attention as a buffer to rising political risks in the Democratic Republic of Congo”
Mining Association of Canada in support of Trans-Pacific Partnership
By Jonathan Dyble
. Jan 24, 2018, 6:06AM
The Mining Association of Canada (MAC) has given its full support to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), with Canada having agreed to sign the partnership alongside 10 other member nations on 8 March.
Canada’s mineral and metal exports to Trans-Pacific Partnership (TPP) countries has increased in recent years, with Japan being Canada’s fourth largest export market.
See also:
TMAC announces new CEO amid 2018 growth strategy
RNC Minerals looks to progress $1 billion nickel-cobalt mine in Quebec
Condor Gold appoints new Non-Executive Director
With this in mind, those within the Canadian mining industry stand to benefit greatly from the CPTPP, with a number of these countries currently applying significant tariffs to mineral and metal imports:
Japan, 7.9%
Vietnam, 40%
Malaysia, 50%
Australia, 5%
New Zealand, 10%
Brunei, 20%
“Canada is a trading nation, our economy fundamentally buttressed by access to global markets,” said stated Pierre Gratton, President and CEO, the Mining Association of Canada. “We strongly support Canada's participation in the CPTPP, and we are hopeful that the deal is signed in the near future. This massive trading block is not only important to our sector, which requires access to new and emerging markets, but for the Canadian economy writ large.”
The agreement will also seek to address challenges posed to the movement of labour, products and services across borders, enabling the Canadian mining industry to remain competitive globally.
“The rest of the world continues to look to Canada as a leader when it comes to mining,” Gratton said. “Part of maintaining that global leadership is ensuring that Canada's mining and supply sectors have access to modern and comprehensive trade and investment vehicles to meet the world where it does business.”
The TPP represents over 494mn people and over $10tn of GDP – equating to 13% of global GDP.
Cobalt Miners Step up Operations as Demand for New Battery Technology Show no Signs of Slowing
1/24/18, 8:30 AM
PALM BEACH, Florida, January 24, 2018 /PRNewswire/ --
MarketNewsUpdates.com News Commentary
Cobalt as well as Lithium are two of several materials continually growing more and more popular in the production of innovative and new rechargeable power sources. Electric vehicle manufacturers are seeking new opportunities to leverage the benefits of cobalt in their rechargeable batteries. At present, just over 40% of the cobalt production is used in Lithium-ion cells. In the new era of batteries, cobalt is preferred because it has a high energy density. This lends to the longer run time that consumers prefer when it comes to their smartphones, laptops, and other devices. Miners in the industry are in a prime position to take advantage of the continued global focus on ethically sourced cobalt to supply the exploding demand for lithium/cobalt based batteries primarily for use in electric vehicles. Looking ahead to 2018, the dynamics between an increasing demand forecast and supply constraints are set to continue. The dominant trends in 2018 are expected to be tight supply and increasing demand leading to higher prices, driven by rising demand primarily from the EV industry. Today's active miners with current developments in the market include: LiCo Energy Metals Inc. (OTC: WCTXF) (TSX-V: LIC), eCobalt Solutions Inc. (OTC: ECSIF) (TSX: ECS), 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 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 that can be seen at: http://www.marketnewsupdates.com/news/wctxf.html
In other mining industry news and developments:
eCobalt Solutions Inc. (TSX: ECS.TO) (OTCQX: ECSIF) has made significant progress in identifying strategic off-take partners for its clean cobalt concentrate. The Company has signed multiple Letters of Intent (the "LOIs") with reputable firms across different markets and cobalt supply chains. Due diligence is currently in progress as the Company works towards negotiating definitive terms in parallel with continued advancement of the Idaho Cobalt Project ("ICP"). With rapidly growing market demand, eCobalt's clean cobalt product has garnered a significant amount of interest providing further support for the Company's decision to produce a cobalt concentrate from the ICP. The ICP is the only environmentally permitted, near-term primary cobalt deposit in the United States, positioning eCobalt to capitalize on the strengthening fundamentals of the cobalt market.
Glencore Plc (OTC: GLNCY) (LSE: GLEN.L) is one of the world's largest diversified and vertically-integrated commodity producers, processors and traders. In 2017, the company announced it has purchased from subsidiaries of Fleurette Properties Limited ("Fleurette") the Fleurette group's remaining 31% stake in Mutanda Mining Sarl and an approximate 10.25% stake in Katanga Mining Limited. Mutanda is a high grade copper and cobalt producer, with its operations located in the province of Lualaba in the DRC. As of December 2016, Mutanda production was at an annualized production rate of above 200 ktpa. of copper cathodes and 24 ktpa of cobalt in hydroxide. Katanga operates a major mine complex in the Democratic Republic of Congo producing refined copper and cobalt.
In a report published by Investor's Business Daily, Sociedad Química y Minera de Chile (NYSE: SQM), can now expand its production at one of the biggest sources of lithium, thanks to an agreement announced recently with a Chilean economic development agency. The agreement with the agency, Corfo, ends a years-long spat over SQM's royalties related to that location, Salar de Atacama, a massive salt flat in Chile that also holds some of the world's largest supplies of lithium. The government alleged that SQM had been underpaying royalties connected to its lease on that location, and said the company had run afoul of environmental rules, according to Reuters.
Katanga Mining Limited (OTC: KATFF) (TSX: KAT.TO) 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.
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Canada to Become Main U.S. Supplier of Cobalt & Nickel
As the production of Li-Ion batteries increases, fueled by demand for electric vehicles and renewable energy storage, the price of some of their components, cobalt and nickel, is surging. Today most of those minerals are coming from regions in conflict, especially in Africa. But soon American manufacturers could get these needed minerals from their Canadian neighbors, dramatically simplifying the supply chain.
$WCTXF nice channel developing. Break out above .15
Global electric vehicle sales are booming
Jan 22, 2018, 10:58 AM
https://www.businessinsider.com.au/the-rapid-growth-in-global-electric-vehicle-sales-in-4-charts-2018-1
Why are the names of these “promoters” a secret? Doesn’t that concern investors? My guess is a nephew or cousin or Uncle.