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Re: joe_techi post# 1019

Tuesday, 05/21/2019 10:04:13 PM

Tuesday, May 21, 2019 10:04:13 PM

Post# of 1533
Very interesting development. North America is starting to re-claim its independence once again thanks to a USA president that refuses to turn a blind eye to the raping of our resources as past administrations did.

North America needs a new enlarged Uranium Enrichment facility and a Cobalt Refinery as well. It looks like the Cobalt is going to be refined in Canada and the Uranium Enrichment will take place in the USA.

The deal referenced in this article is between Glencore and First Cobalt. The only potential involvement for UEX / CoEX would be as a Feedstock supplier of Cobalt. I can see that an automotive company could buy out CoEX in one form or other and use the material from West Bear to be processed as 'Ethical' Cobalt with the material changing as few hands as possible to maintain certainty/clarity of the 'Ethical' audit trail factor.

Let's hope that CoEX has a CEO with good negotiation skills to look after those of us that invested in this venture. I know that Stephen Sorensen would be the best man for that job. Let's hope that West Bear proves up at least 10 million lbs in 2019.

Great Post joe_techi. Thank you!

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