Atacama Resources International Inc (ACRL)

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Grant continued, “Our research indicates that the average % concentration of cobalt in a cobalt mine in Canada and the United States is significantly less than .75%. The average cobalt mine in Russia, for example, averages .28% cobalt. With the price per pound of cobalt approaching $30 this month and continuing to increase, further evaluation of the Cabo Property is of the highest priority.”

Recent news reports concerning the anticipated explosive growth of the electric automobile and truck markets in the US, Europe and Asia make it clear that both cobalt and graphite are strategic minerals in the production of the batteries that will power electric vehicles.