eCobalt Solutions Inc. (fka ECSIF)

[douginil]

Idaho Cobalt Project 'Advancing Rapidly Toward Production'

Source: Streetwise Reports (7/3/18)

TD Securities recently initiated coverage on eCobalt Solutions Inc. (ECS:TSX; ECSIF:OTCQX; ECO:FSE), whose Idaho Cobalt Project "is advancing rapidly toward production at a time when demand for cobalt is accelerating, driven largely by demand growth for electric vehicles," reported analyst Craig Hutchison in a June 14 research note. TD's initial rating on eCobalt was Speculative Buy and its target price, CA$2.25 per share.

eCobalt would be one of only two primary cobalt producers in the world, and it is "well positioned to fill the growing supply gap, from a safe and mining friendly jurisdiction," Hutchison indicated.

The company is currently continuing preconstruction efforts and developing an optimized feasibility study (OFS), Hutchison wrote, "which will look to simplify its flowsheet by producing a bulk concentrate to sell directly to offtake parties given the strong demand for safe secure supply." It is actively pursuing such offtake agreements, which could help finance the Idaho Cobalt Project.





Read more at:

https://www.streetwisereports.com/article/2018/07/03/idaho-cobalt-project-advancing-rapidly-toward-production.html?utm_source=delivra&utm_medium=email&utm_campaign=Resources%207-5-18&utm_id=35387675&dlv-ga-memberid=884007963