To give investors access to the green revolution by creating a company that aims to become a leading supplier of cobalt - a critical component of lithium-ion batteries.
Cobalt Power Group is a publicly traded Canadian cobalt exploration and development company listed on the TSX Venture Exchange (CPO.V) and on the U.S Pink Sheets (CBBWF). In 2016 and early 2017, the company amassed the approximately 2134 contiguous and strategic acre Smith Cobalt Project located near Cobalt, Ontario, Canada.
Lithium-ion battery powered transportation and communication are creating an expanding, permanent global market for energy metal commodities (lithium, cobalt, and graphite). Cobalt prices are expected to rise accordingly, driven by rapidly growing global demand for renewable energy systems, as cobalt is a key component in lithium-ion batteries.
Watch the Smith Cobalt technical fly-through here:
- Cobalt has maintained solid growth in demand and is sustaining a compound annual growth rate (CAGR) of over 5%.
- This rate is expected to escalate in the foreseeable future, driven largely by the increased need for rechargeable lithium-ion batteries. As a component of these batteries, cobalt is considered a "technology-enabling substance".
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