Cobalt Power Group | We First Bet On Cobalt When It Was $10/pound

TL;DR

Cobalt Power Group, a junior exploration company, is strategically positioned in North America's cobalt market and aims to benefit from the booming demand for cobalt in the electric car industry.

Transcript

this is Gillian Morris from the investing news network here live at PD AC 2018 I'm here with Chris Healy director and VP of exploration for cobalt Power Group listed on the Toronto Venture Exchange under CP Oh Chris thank you so much for joining me thank you for having me it's a pleasure in 30 seconds can you give us a breakdown of your company and... Read More

Key Insights

• 😨 Cobalt Power Group is strategically positioned in North America's cobalt market and aims to benefit from the booming demand in the electric car industry.
• 🤑 The company has a portfolio of properties in cobalt-rich areas of Ontario and Sweden.
• ✋ Cobalt Power Group has achieved high cobalt grades and successfully extended existing vein systems through their drilling efforts.
• 😨 The reliance of major car manufacturers, such as Tesla and Volvo, on cobalt for electric car batteries signals strong growth in the cobalt market.
• 📌 Cobalt Ontario is an ideal location for cobalt development, considering the increasing demand and the desire for sourcing from politically stable jurisdictions.
• ♿ Being an early entrant into the cobalt market has provided Cobalt Power Group with access to prime properties and capital markets.
• 🇺🇳 Ongoing consultations with First Nations and environmental baseline studies are important aspects of the company's operations.

Questions & Answers

Q: What is Cobalt Power Group's main focus?

Cobalt Power Group is primarily focused on cobalt exploration, with properties in Ontario and Sweden. They aim to capitalize on the growing demand for cobalt in the electric car industry.

Q: How successful has Cobalt Power Group been in their drilling efforts?

Cobalt Power Group has been successful in extending vein systems and has achieved high cobalt grades, with some samples containing up to 1.7 percent cobalt. This indicates the potential for valuable cobalt deposits.

Q: What sets Cobalt Power Group apart from other players in the market?

Cobalt Power Group positioned itself early in the cobalt boom and has secured prime properties and access to capital markets. Additionally, their focus on North America as a cobalt source sets them apart from companies relying on cobalt from politically sensitive jurisdictions.

Q: What are the upcoming catalysts for Cobalt Power Group?

The main catalyst for Cobalt Power Group is the continued strong growth in the cobalt market. The increasing demand for cobalt in the electric car industry, combined with the desire to source from politically stable jurisdictions like North America, makes their cobalt exploration projects highly promising.

Summary & Key Takeaways

• Cobalt Power Group is an exploration company focused on cobalt, with a portfolio of properties in Ontario and Sweden.

• They are currently conducting airborne geophysics surveys and planning a drilling program to further explore their properties.

• The company has been successful in extending vein systems and has achieved high cobalt grades.