With cobalt prices down and Eight Capital’s continued confidence in the industry, do you see this as a buying opportunity? Tell us in the comments. It recently began testing cobalt hydroxide material as feedstock for its refinery. Lastly, First Cobalt owns a cobalt refinery, which it says is the only refinery in North America that can produce battery materials.įirst Cobalt has been drilling at Iron Creek throughout 2018, and completed the inferred resource for the asset in September. The company is also developing the Greater Cobalt project, which includes over 50 formerly producing mines. It has an inferred mineral resource of 26.9 million tonnes grading 0.11 percent cobalt equivalent. The third cobalt stock on the list is First Cobalt, an exploration and development company whose main focus is its Iron Creek project in Idaho. First Cobalt (TSXV: FCC)Ĭurrent share price: C$0.20 market cap: C$67.86 million Click here to see our latest interview with CEO Anthony Milewski. Later in the year it acquired a US$300-million cobalt stream on Vale’s (NYSE: VALE) Voisey’s Bay mine. The company owns physical cobalt, and signed a deal for the world’s first producing cobalt-nickel stream on the Ramu nickel-cobalt mine in May. The next cobalt stock listed is Cobalt 27 Capital, which bills itself as a leading electric metals investment vehicle with direct exposure to metals that are integral to battery technology. Cobalt 27 Capital (TSXV: KBLT)Ĭurrent share price: C$3.90 market cap: C$330.82 million These include additional properties in Idaho, as well as assets in Canada and Mexico. eCobalt discussed several aspects of progress and said a new feasibility study is in the last stretches of finalization.ĮCobalt also has a handful of other non-cobalt projects throughout North America. Its latest update on the asset came in October. eCobalt’s main asset is its Idaho cobalt project.Īccording to the company, the Idaho cobalt project is the only near-term, environmentally permitted primary cobalt deposit in the US. It is focused on providing clean cobalt products essential for the rapidly growing rechargeable battery and renewable energy sectors, made safely, responsibly and transparently in the US. The first cobalt stock on the list is eCobalt Solutions. eCobalt Solutions (TSX: ECS)Ĭurrent share price: C$0.66 market cap: C$105.63 million All stats were accurate at close of day on December 12, 2018. Here, the Investing News Network looks at the three cobalt stocks to watch identified by Eight Capital analysts David Talbot and Joseph Fars.
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