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:

With the cobalt market expected to ramp up, one company is building North America's next primary cobalt mine.
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Keith Kohl, Energy Investor (2/11/19)
"eCobalt Solutions Inc.'s Idaho cobalt project is expected to reach full production in 2020, and the company is still on pace to hit that mark. . .our patience will pay off on this one, and I'm using this chance to bolster my position."

The implications of efforts to improve production for this pure play are discussed in a Canaccord Genuity report.
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David Talbot, Eight Capital (1/8/19)
"We are confident in eCobalt Solutions Inc.'s direction in producing a cobalt concentrate, which has eliminated the need for a costlier central processing facility, thereby slashing $100M in capex, reducing technical risk and shortening time to production. . .if it makes sense for the company and shareholders, a letter of intent may be announced over the next couple of months, leading up to or in conjunction with the optimized feasibility study release."

Eric Zaunscherb, Canaccord Genuity (1/7/19)
"eCobalt Solutions Inc. is working on an optimized feasibility study for Idaho and has identified an opportunity to increase its targeted production rate by 50% from 800 tpd to 1,200 tpd. This increase in production rate will require additional work over the next several months including: adjusting mining sequence, schedule and costing for 1,200 tpd; completing the engineering to expand the mill to 1,200tpd; obtaining quotes to bring these cost estimates to feasibility study level; and defining final concentrate specifications on competitive commercial terms for offtake."

The firm continues its infrastructure, feasibility study and staffing efforts for its Idaho Cobalt Project.
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Two analysts relayed the relevant background of the newly appointed executive and shared their thoughts about the timing of the replacement.
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Keith Kohl, The Energy Investor (10/1/18)
"Right now, eCobalt Solutions Inc. is focused on finalizing all the environmental systems at the Idaho cobalt project site to get ready for developing the underground mine in 2019. . .the company's Idaho is set to start production in 2019, with full production beginning in 2020."

Craig Hutchison, TD Securities (9/27/18)
"This morning, eCobalt Solutions Inc. announced the retirement of Paul Farquharson as president/CEO and director on Oct. 1, 2018. . .Farquharson will be succeeded by Michael Callahan. . .Farquharson, who has worked for over 25 years at the company, will continue to work with Callahan until the end of the year to assist with the transition."

Eric Zaunscherb, Canaccord Genuity (9/27/18)
"We maintain our Speculative Buy rating and CA$0.90 for eCobalt Solutions Inc. following the announcement of president/CEO Paul Farquharson's retirement, effective Oct. 1, 2018, and the appointment of Michael Callahan in those roles. . .Callahan is an Idaho native and an experienced executive who began and spent most of his career at Hecla Mining."

The project is the only near-term, environmentally permitted primary cobalt project in the U.S.
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A Canaccord Genuity report provided an update on the Idaho project.
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The company reports it is on target for commercial production to begin in 2020.
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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.