eCobalt Solutions Inc. (fka ECSIF)

[douginil]

eCobalt Provides Corporate Update on the Idaho Cobalt Project

New targeted production rate increases throughput 50% providing robust project economics and resilience to lower cobalt prices

VANCOUVER, Jan. 7, 2019 /CNW/ - eCobalt Solutions Inc. ("eCobalt" or "the Company") (TSX: ECS) (OTCQX: ECSIF) (FRA: ECO) is pleased to provide an update on its Idaho Cobalt Project (the "ICP"), located near the town of Salmon in east-central Idaho, in the heart of the historic Idaho Cobalt Belt. The ICP is the only near-term, environmentally permitted primary cobalt project in the United States.

Following an extensive internal review, the Company's team has identified the potential to increase the targeted production rate to 1,200 tonnes per day ("tpd") from 800 tpd, an increase of 50% compared to the previous mine plan. This 1,200 tpd mine plan with improved economies of scale should create a more resilient project economic plan that can withstand the volatility of the cobalt market experienced recently. A larger and more robust plan will furthermore elevate eCobalt's position in the cobalt market.


Read more at:
https://www.ecobalt.com/news/news-releases/ecobalt-provides-corporate-update-on-the-idaho-cob-20190107