eCobalt Solutions Inc.

eCobalt is a well-established TSX-listed company committed to providing clean cobalt products essential for the rapidly growing rechargeable battery and renewable energy sectors, made safely, responsibly, and transparently in the United States. The company's Idaho Cobalt Project, located in the historic Idaho Cobalt Belt in East Central Idaho, is the only environmentally permitted, primary cobalt project in the United States. It is 100% owned by the company's wholly owned subsidiary, Formation Capital Corporation, U.S.

Expert Comments:

Critical equipment and power have been delivered to site; the pouring of concrete has commenced.
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Derek Macpherson, Red Cloud Klondike Strike Inc. (7/12/18)
"Crucial equipment has been delivered to eCobalt Solutions Inc.'s Idaho cobalt project site for the construction of environmental systems; the main transformer has been energized with the installed grid power now operational. The concrete plant is on site, and the company has begun constructing foundations for the water treatment plant; also in progress is the installation of liners for the tailings waste storage facility and water management ponds."

Eric Zaunscherb, Canaccord Genuity (7/12/18)
"We maintain our Speculative Buy rating and CA$1.80 target price for eCobalt Solutions Inc. The company continues to advance infrastructure investments and staff recruitment at the wholly owned Idaho cobalt project. . .on the ground, eCobalt Solutions has been applying proceeds from the February 2018 equity financing that raised $29.9M on a gross basis."

Analysts provided an update on the company's flagship asset in Idaho.
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Metallurgical optimization and investigation of financing options are progressing at a cobalt project in Idaho.
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Craig Hutchison, TD Securities (6/25/18)
"ECobalt Solutions Inc. has received preliminary project term sheets from multiple counterparties to finance the capital requirements of the Idaho cobalt project. The preliminary term sheets will be updated in conjunction with the advancement of the optimized feasibility study."

Eric Zaunscherb, Canaccord Genuity (6/25/18)
"ECobalt Solutions Inc. is progressing its feasibility studies and advancing its project financing opportunities for the wholly-owned Idaho cobalt project. . .two key milestones we expect to see in the near term, which we believe could result in a rerating of the company, are the completion of the feasibility study and finalizing project financing."

Craig Hutchison, TD Securities (6/14/18)
"We are initiating coverage of eCobalt Solutions Inc. with a Speculative Buy recommendation and CA$2.25 target price. . .on the back of strengthening demand for cobalt, the company is now planning to release an updated feasibility study in late Q2/18 or early Q3/18, which will look to simplify its flowsheet by producing a bulk concentrate to sell directly to offtake parties given the strong demand for safe secure supply."

With demand for cobalt skyrocketing, a near-term, fully permitted cobalt mine in Idaho is garnering attention by continuing to hit its milestones.
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Canaccord Genuity analyst Eric Zaunscherb relayed where this company stands with respect to building its mine and plant.
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Eric Zaunscherb, Canaccord Genuity (4/23/18)
"In this morning's update, eCobalt Solutions Inc. outlined preconstruction efforts at the Idaho cobalt project in advance of underground development and plant construction. Highlights include commenced delivery of components for the water treatment plant and awarded contracts for its construction; awarded contracts for construction of infrastructure and concentrator earthworks and concrete; advanced roaster design engineering based on data gained from pilot tests being conducted with Dundee Sustainable Technologies and continued staff hiring in key roles including mine manager, superintendents and metallurgists."

More Expert Comments

Experts Following This Company

Craig Hutchison, Analyst – TD Securities
Derek Macpherson, VP Mining Analysis – Red Cloud Klondike Strike Inc.
David Talbot, Vice President, Senior Analyst – Eight Capital
Eric Zaunscherb, Analyst – Canaccord Genuity

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
Only primary near-term environmentally-permitted cobalt project in the US.
Clean, ethical source of cobalt (60% of global Co from the DRC).
Initial production expected Q419 full commercial production in 2020.
catalyst Calendar
New Optimized Feasibility Study due in Q218.
Finalize offtake agreements and all environmental systems in place in Q218.
Commence underground development in Q318.