EVs are misunderstood.
I think that there is a misconception about EVs. Many people think that all EVs are purely electric. That is not the case. Most EVs are Hybrid vehicles. They run on their Battery (which needs Cobalt and Nickel and Manganese) at times and on gasoline at other times. This form of EV is here for a VERY LONG TIME. The EVs that run only on Battery power are the ones that get some bad publicity due to relatvely short range, long charging times and lack of heat in the winter months for those areas that experience cold witers. Most of Canada, Minnesota, Illinois, New York etc. etc... Hybrids don't have any of those problems. Perhaps we need to create new terminology to distinguish between the two. EV and HEV.
My point is this. HEVs are here to stay and Cobalt is going to be needed for the vast majority of those EVs.
UEX has a COBALT discovery which they call West Bear whereby COBALT is the primary mineral with nickel as the secondary metal. This is the reverse of most Cobalt prodution where Cobalt is usually a biproduct of nickel. In other words, there are not many PRIMARY COBALT discovries out there especially in mining friendly and ethical mining situations. As if that was not enough, they also have 100,000,000 lbs of Uranium. All this for about $0.10 CDN per share. Simply put - the price is stupidly low.
