Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See
full details
.
I Agree
×
Join today and have your say! It’s FREE!
Join Now
Sign In
Become a member today, It's free!
We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.
Join Today
or
Sign in with existing account
Privacy Policy
|
Disclaimer
Sign In
Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Remember me
Forgot Password?
Sign In
or
Sign Up
Privacy Policy
|
Disclaimer
Please Try Again
{{ error }}
Send my password
Submit
Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.
Become a member today, It's free!
We will not release or resell your information to third parties without your permission.
Linking with Facebook:
Stockhouse membership requires an email address which must be shared by Facebook.
By default, joining or signing in using your Facebook account will work and the email address will be shared by Facebook automatically.
If you change your Facebook permissions to restrict Stockhouse from receiving your email while joining or signing in to Stockhouse then it will fail.
Please do not modify the permission settings during sign-in.
Sign in with Facebook
Return to Signup Options
Home
Community
Bullboards
Blogs
Groups
Messages
Markets
Stocks
TSX
TSXV
CSE
NASDAQ
NYSE
NYSE American
Cryptocurrency
Currencies
Market Movers
Bonds
News
Featured News
Trending News
Canadian Press Releases
US Press Releases
Video
Editorial
Thematic Insights
Independent Reports
Interviews
Buzz on the Bullboards
Portfolio
Watchlist
Portfolio
Showcase Companies
DealRoom
Quote
|
Bullboard
|
News
|
Opinion
|
Profile
|
Peers
|
Filings
|
Financials
|
Options
|
Price History
|
Ratios
|
Ownership
|
Insiders
|
Valuation
Bullboard - Stock Discussion Forum
Fuse Battery Metals Inc.
FUSED
Primary Symbol:
V.FUSE
Metals & Mining
Industrial Metals & Minerals
Fuse Battery Metals Inc. is a Canadian based exploration company. The Company's focus is on exploration for high-value metals required for the manufacturing of batteries. It owns 100% of the Lithium Springs Property, which is located at the southern end of Black Rock Desert, Nevada. It also owns 100% of the Monitor Valley North Lithium Property, which includes 97 placer claims covering...
approximately 770 hectares (ha) of alluvial sediments and clays located 134 km northeast of Tonopah, Nevada. The property is located in Monitor Valley, Nevada. It owns a 100% interest in its Glencore Bucke Property, situated in Bucke Township, 6 km east-northeast of Cobalt, Ontario. The Company also owns a 100% interest, subject to a royalty, in the Teledyne Project located near Cobalt, Ontario. The associated Teledyne Property, located in Bucke and Lorrain Townships, consists of five mining claims totaling approximately 79.1 ha, and 46 unpatented mining claim cells totaling approximately 700 ha.
see more
Join the community and start posting on the bullboards today. It's free.
You are already a member! Please enter your password to sign in.
Remember me
Forgot password?
Back
Submit
By providing my email, I consent to receiving messages from Stockhouse.
Create a portfolio watchlist today. It's free.
You are already a member! Please enter your password to sign in.
Remember me
Forgot password?
Back
Submit
By providing my email, I consent to receiving messages from Stockhouse.
Add To Watchlist
TSXV:FUSE - Post Discussion
Fuse Battery Metals Inc.
> NEWS
New Post
View:
Discussion
List
(3)
•••
FREEDOM55
X
View Profile
View Bullboard History
Post by
FREEDOM55
on Aug 19, 2020 11:36am
NEWS
In a recent article
Gates, Bezos-backed firm searching for cobalt in Canada
(
www.mining.com
, July 7, 2020), Cecilia Jamasmie highlights some of the recent positive events for cobalt exploration in Canada.
Here, Ms. Jamasmie explains that KoBold Metals is a start-up mining venture backed by several technology and business world titans, to explore for this metal in Canada, one of the most prolific mining regions in the world. Not only does Canada have mining friendly laws, but mining makes up a sizable portion of GDP and employment in the country. Here, safe and responsible mining operations are the normal course of business in this industry. In this article, she starts by saying that…
KoBold Metals has acquired rights to an area in northern Quebec, just south of Glencore’s nickel mine (Raglan Mine).
KoBold Metals
,
a start-up backed by a coalition of billionaires
led by Bill Gates (Founder of Microsoft (
NASDAQ: MSFT
), plans to scour for cobalt in Canada using advanced mapping technology and it’s targeting northern Quebec, just south of Glencore’s Raglan nickel mine.
The company, founded in 2018, has acquired rights to an area of about 1,000 square kilometres (386 sq. miles), where it plans to begin collecting geophysical data before the end of the year.
KoBold’s backers include big names such as Venture capital firm Andreessen Horowitz and
Breakthrough Energy Ventures
. The latter is financed by well-known billionaires including Jeff Bezos (Founder of Amazon (
NASDAQ: AMZN
), Ray Dalio (Founder of Hedgefund
Bridgewater Associates
), Michael Bloomberg (Founder of
Bloomberg LP
and former NYC Mayor), Richard Branson (Founder of
Virgin Group
and
Virgin Galactic
(
NYSE: SPCE
) and Gates (Founder of Microsoft).
KOBOLD METALS, FOUNDED IN 2018, HAS ACQUIRED RIGHTS TO AN AREA OF ABOUT 1,000 SQUARE KILOMETRES, JUST SOUTH OF GLENCORE’S RAGLAN NICKEL MINE
KoBold aims to create a “Google Maps” of the Earth’s crust, with a special focus on finding cobalt deposits. It collects and analyzes multiple streams of data — from old drilling results to satellite imagery — to better understand where new deposits might be found.
Algorithms applied to the data collected determine the geological patterns that indicate a potential deposit of cobalt, which occurs naturally alongside nickel and copper.
Chief executive officer Kurt House believes the company’s exploration activities at the site in Quebec could help prove the value of its approach.
“The subtleties in the geophysical signals are really only evident when you have all of the data and can evaluate it in a systematic, statistically rigorous way,” House told
Bloomberg
on Tuesday. “It’s just too much for the human brain to handle.”
KoBold’s boss noted the company was likely to begin collecting geophysical data in the next three to six months. Drilling, House said, could start in a couple of years.
The California-based firm also expects to bring in other investors, potentially including its current backers, on a deposit-by-deposit basis. It will also seek mining-savvy partners once it has identified an interesting project.
Not a Miner
KoBold, as House has stated multiple times, does not intend to be a mine operator “ever.”
This is not the first time the American start-up eyes Canada. Public records show that Faith in Gravity Holdings Inc., which is registered in British Columbia, staked last year
claims in the northeast corner of Saskatchewan
.
The holding company’s directors,
according to
The Star Phoenix
, are Kobold Metals’ top three executives.
(Click image to enlarge)
Currently, about 65% of the world’s cobalt is mined in the Democratic Republic of Congo, much of it by hand and
employing children and young men.
New cobalt mines outside the DCR could become the preferred source of ethically-mined cobalt in the medium-term.
A company that has recently restructured and refinanced in the EV Battery energy metal exploration space is
Fuse Cobalt Inc.
(
TSX-V.FUSE
,
OTCQB: FUSEF,
Forum
). Fuse Cobalt Inc. is a Canadian-based mineral exploration company focused on the exploration of high value metals such as cobalt, required for the manufacturing of batteries.
Of note, Fuse also has a long-term business relationship with Mining Giant and the world’s largest cobalt producer,
Glencore PLC
(
LSE: GLEN
) having purchased the
Glencore Bucke Cobalt Property
from them, and along with ownership of the adjoining
Teledyne Cobalt Property
, Fuse has a 100% owned large land position located in the historic cobalt mining region of Cobalt, Ontario Canada. These properties have three distinct agreements with Glencore, namely a back-in provision, a production royalty and an off-take agreement.
Mr. Setter, Fuse President & CEO, commented:
“This recent activity from such knowledgeable and powerful people like Bill Gates, Jeff Bezos, Mike Bloomberg and Richard Branson, confirm that FUSE is on the right path to secure a cobalt metal resource in Canada. Canada is a friendly and supportive mining jurisdiction and
Fuse
is in a solid position to capitalize on this heightened interest in Canadian cobalt to supply the global technology and EV industries.”
Strategically, Fuse’s Ontario Cobalt Properties cover the southern extension of the former producing 15 Vein on the past-producing Agaunico Mine Property. Historically, the Agaunico Mine produced 4,350,000 lbs. of cobalt and 980,000 oz. of silver during the mining boom of the early 1900’s (Cunningham-Dunlop, 1979). Recent 2017 drilling on these Ontario cobalt properties revealed intersections of
21.9% cobalt over 0.36 M
and
18.7% cobalt Over 0.15 M
at
Teledyne, (
News Release Jan 18, 2018
), plus
intersections of
8.42% Cobalt over 0.30 metres
on the
Glencore Bucke Property (
News Release Jan 17, 2018
).
Mr. Setter goes on to state:
“Vertical integration between battery manufacturers and auto makers with exploration companies like
Fuse
appears to be inevitable. We find that global technology companies and global EV automakers themselves are in the best position to facilitate the mining required to supply them with cobalt, lithium, nickel and other input metals from safe jurisdictions. These manufacturers have cash flow and access to financing to fund these exploration operations. The world’s largest technology companies like
Microsoft, Apple
(
NASDAQ: AAPL
),
Amazon, Tesla
(
NASDAQ: TLSA
) and others are very interested in securing a safe and ethical supply of this strategic metal internationally for their global supply chains. Canada is a shining example of this type of safe and ethical mining jurisdiction.”
To learn more about Fuse Cobalt Inc., click
here
.
(0)
•••
PRedictIVEai
X
View Profile
View Bullboard History
Comment by
PRedictIVEai
on Sep 29, 2020 4:07pm
This post has been removed in accordance with Community Policy
Thank You
Your Report has been submitted.
Report Abusive Content
×
Close
Sign up to get access
You are already a member! Please enter your password to sign in.
Remember me
Forgot password?
Back
Submit
By providing my email, I consent to receiving messages from Stockhouse.
The Market Update
{{currentVideo.title}}
{{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >
A daily snapshot of everything
from market open to close.
{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}
{{currentVideo.intervieweeTitle}}
{{currentVideo.headline}}
{{currentVideo.link1Text}}
{{currentVideo.link2Text}}
< Previous
{{moreVideoText}}
Next >