Cobalt 27 Capital Corp.

Cobalt 27 Capital Corp. one of the few companies able to provide investors with pure-play exposure to cobalt – a key element in technologies that are experiencing explosive growth, including electric vehicle and energy storage applications. The company has a triple-pronged business model that comprises holding physical cobalt, acquiring streams and royalties and acquiring interests in mineral properties. Cobalt 27's strategy minimizes the potentially very high risks associated with investing in cobalt while maximizing exposure to the upside. The company is run by a highly-experienced management team and Board of Directors and has an Advisory Board with deep ties to the global EV and energy storage markets.

Expert Comments:

Colin Healey, Haywood Securities (5/7/18)
"Cobalt 27 Capital Corp. has announced the acquisition of two gross revenue royalty agreements on projects in Australia for total consideration of $4.5M. These royalty agreements add low cost optionality for shareholders and provide exposure to related commodities such as nickel and scandium."

Five analysts weigh in on this company's recent financial transaction and likely next move.
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Eric Zaunscherb, Canaccord Genuity (3/15/18)
"We are increasing our target price to CA$16.50 from CA$15 while maintaining our Speculative Buy rating on Cobalt 27 Capital Corp. . .the market remains focused on the company's delivery of a significant streaming deal. There are several potential large producer cobalt streams on the table."

MacMurray Whale, Cormark Securities (3/14/18)
"Last week, Cobalt 27 Capital Corp. completed a $200M private placement, for which we served as a member of the underwriting syndicate. . .with the research restriction period ended, we are resuming coverage on the company, maintaining our $16.30 target and Buy recommendation. . .we expect Cobalt 27 will conclude a streaming deal, which could add material value to the stock."

Craig Hutchison, TD Securities (3/12/18)
"We are resuming coverage of Cobalt 27 Capital Corp. following the closing of its $200M equity private placement. . .following the equity financing, we now estimate that the company has ~$206M in cash to fund potential growth through acquisitions of physical cobalt, royalties and/or streams. . .our Buy rating and $17 target price remain unchanged."

Jonathan Guy, Numis (3/12/18)
"Cobalt 27 Capital Corp. has raised CA$200M through the issue of 17.56M shares at a price of CA$11.40. . .this material strengthening of the balance sheet should make it easier for the company to bid for streams and royalties, as counterparties will know that the company has the capacity to fund transactions. We expect Cobalt 27 to principally target assets where cobalt is produced as a byproduct of nickel mining."

Rupert Merer, National Bank of Canada (3/12/18)
"Cobalt 27 Capital Corp. closed a $185M private placement offering. The company has agreed on terms for a private placement of common shares with a group of investors; it issued 16.2M shares at $11.40/share (15% discount to prior closing price)."

Rupert Merer, an analyst with the National Bank of Canada, explained the thesis for investing in this company, noting the supply/demand dynamic with regard to batteries for electric cars could drive value.
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Experts discussed the reasons this company merits an increased target price: a rising cobalt price, the market's openness to an even higher one and the firm's strengthening its balance sheet to likely acquire more of the physical metal and, ultimately, engage in a streaming deal.
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With electric vehicle demand booming, cobalt is a hot commodity, rising about 130% in 2017. This TSX.V-listed company offers one of the few ways to gain pure-play exposure.
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Forecasts of an electric vehicle boom are behind skyrocketing demand for cobalt, a major component in batteries. In this interview with The Energy Report, Anthony Milewski, CEO of Cobalt 27 Capital Corp., discusses the company's unique position as a two-pronged pure-play on cobalt.
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More Expert Comments

Experts Following This Company

Michael Doumet, Equity Analyst – Scotiabank, Scotia Capital Inc.
Colin Healey, Analyst – Haywood Securities
Craig Hutchison, Analyst – TD Securities
Carey MacRury, Equity Analyst – TD Securities
Rupert Merer – National Bank Financial
Andrew Mikitchook, Analyst – M Partners
Anoop Prihar, Director, Special Situations Analyst – GMP Securities
David Talbot, Vice President, Senior Analyst – Eight Capital
MacMurray Whale, Analyst – Cormark Securities
Eric Zaunscherb, Analyst – Canaccord Genuity

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

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The company description, investing highlights and catalyst calendar on this page were prepared by the company. The Expert Comments and Experts Following This Company sections of this page are compiled by Streetwise Reports. There may be other information about the company that is not placed on this page. Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on this page.

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Readers should conduct their own research for all information publicly available concerning the company.

Investing Highlights
One of the only companies providing pure-play exposure to cobalt
Business model minimizes the risks in cobalt investments while maximizing upside
Cobalt 27 shares are underpinned by its substantial holdings of physical cobalt