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.
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.
Cobalt Power Group is a publicly traded Canadian cobalt exploration and development company listed on the TSX Venture Exchange (CPO.V) and the US Pink Sheets (CBBWF). Between fall 2016 and spring 2017, the company amassed the 1,170 ha (2,890 acre) Smith Cobalt Project located in the Cobalt Camp region of Northern Ontario, Canada. In September 2017, the company acquired the 7,567 ha (18,700 acre) Canadian Cobalt Project located in the Silver Centre region of the Cobalt Camp, along with several exploration license applications in historic cobalt mining areas of southern Sweden (transaction currently under TSX.V review).
In August 2017, Cobalt Power established a strategic alliance with Hochschild Mining Holdings Ltd. Hochschild is a well-established senior mining company with over 50 years operating experience in the Americas. It currently operates four underground mines of which three are located in Peru and one is located in Argentina. Each of the operating mines is focused on the production of precious metals. Hochschild trades on the London Stock Exchange (LSE: HOC) and has a market capitalization of over $2 billion CDN.
ONE YEAR COBALT PRICE (USD/LB)
- Cobalt is a key component in lithium-ion batteries used in today's electric automobile industry, battery storage, as well as mobile communications technology.
- France, the UK, & China plan to ban the sale of fossil fuel based vehicles by 2040.
- 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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