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:

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."

David Talbot, Eight Capital (4/23/18)
"All eyes are focused on eCobalt Solutions Inc. as it remains the only advanced-stage, near-term primary cobalt developer in the U.S. Recent updates contemplate new end products, environmental improvements and improved economics as we await a feasibility study update; this should outline exactly how the company can shave $100M from its initial capex."

Eric Zaunscherb, Canaccord Genuity (4/12/18)
"Globally, many jurisdictions are firmly mandating a shift to electric vehicles for environmental reasons; auto and battery manufacturers are responding with massive investments in capacity that will drive increased innovation and reduced unit costs. In turn, these will drive battery materials demand; the cobalt situation is particularly compelling. . .we highlight eCobalt Solutions Inc. for its Idaho cobalt project in low-risk Idaho."

Eric Zaunscherb, Canaccord Genuity (2/12/18)
"ECobalt Solutions Inc.'s management has shifted its focus to production of a clean cobalt-copper concentrate with attendant savings in initial capex and timelines, targeting completion of an updated feasibility study we expect in Q2/18. Targeted drilling in late 2017 and early 2018 facilitated a new resource estimate, which upped contained Measured and Indicated cobalt by 12% at similar grade."

David Talbot, Eight Capital (2/7/18)
"An updated resource model for eCobalt Solutions Inc.'s Idaho cobalt project improves upon a September 2017 estimate. . .Measured and Indicated tonnage and contained cobalt grew 12.5% to 3.87 Mt at 59% Co, 0.85% Cu, 0.017 oz/t Au for 45.7 Mlb Co, 65.8 Mlb Cu and 68 Koz Au. . .copper and gold grades increased by 17% and 11%, respectively."

David Talbot, Eight Capital (2/1/18)
"We recommend eCobalt Solutions Inc. as a Buy and increase our target price to CA$2.50 from CA$2.10/share after incorporating new cobalt pricing and moving our discounted cash flow model forward by one year. . .as cobalt prices climb to above US$36/lb and remain at 10-year highs, we believe that ongoing catalysts should provide further positive news for the company."

More Expert Comments

Experts Following This Company

Chen Lin What Is Chen Buying? What Is Chen Selling?
David Talbot, Vice President, Senior Analyst – Eight Capital
Eric Zaunscherb, Analyst – Canaccord Genuity

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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.