The green economy runs on Cobalt.
75% of lithium-ion batteries projected to contain cobalt by 2020. (Source: CRU Group)
Electric Vehicles (EVs) such as the type manufactured by Tesla require Cobalt for their battery packs. By 2020, 48% of cobalt demand is expected to come from EVs and electronics. As well, 75% of lithium-ion batteries are projected to contain Cobalt by 2020. (Source: CRU Group)
Cobalt supply and demand trends
"The refined cobalt market will fall into a 3,000 tonne deficit this year following seven years of overcapacity and oversupply. CRU anticipates prices to increase onward into 2017."
“With this growth will come further disruption to the traditional market structures that have developed in cobalt over the last 30 years. In short, a new, more secure supply chain for the modern era will need to be created, a task that includes new mines, new refineries, and a more transparent supply chain.”
Proximity To Blackbird Creek Cobalt Mine
Located immediately south of the former Blackbird Creek Cobalt Mine, the only primary Cobalt Mine in the United States.
Adjacent to eCobalt Solutions Idaho Cobalt Project.
Adjacent to and immediately south of eCobalt Solutions (TSX: “ECS”) Idaho Cobalt Project.
Evidence of extensive mineralization.
Several known cobalt showings and adits situated within the Project area with evidence of extensive Cobalt mineralization.
Strong team of North American based technical consultants.