Cobalt Power Group Inc. 

A publicly traded Canadian exploration company listed on the TSX Venture Exchange (CPO.V), Cobalt Power seeks to acquire exploration and/or near term production cobalt assets in mining-friendly jurisdictions.  As such, beginning in September 2016, the company announced the acquisitions of the Smith Cobalt & extensions, Proteus, and Kirk Lake, properties in the Cobalt, Ontario region of Canada.  

Lithium-ion battery powered transportation and communication are creating an expanding, permanent global market for energy metal commodities (lithium, cobalt, and graphite).  Cobalt prices are expected to rise accordingly, driven by rapidly growing global demand for renewable energy systems, as cobalt is a key component in lithium-ion batteries.

Watch the Smith Cobalt technical fly-through here:

https://drive.google.com/file/d/0BwJWJoaRZmenNkJ6QTRyQjJZTzQ/view

 

Why Cobalt?


Demand:

  • Cobalt has maintained solid growth in demand and is sustaining a compound annual growth rate (CAGR) of over 5%. (CDI)
  • This rate is expected to escalate in the foreseeable future, driven largely by the increased need for rechargeable lithium-ion batteries. As a component of these batteries, cobalt is considered a "technology-enabling substance".
  • Superalloys for aerospace applications, which cobalt is a critical component of, have seen continued increasing demand. Aircraft and engine manufacturers forecast strong future deliveries (going out 10 or 20 years).
  • Published data suggests that worldwide demand was about 81,000 tonnes in 2014 - a 15% increase over the previous year.
  • Cobalt has been recognized as a "crucial" metal for the EU in its Raw Materials Initiative, which was undertaken to help support EU industry from the effects of possible disruption to the supply of critical mineral availability.