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Cruz Battery Metals Corp C.CRUZ

Alternate Symbol(s):  BKTPF

Cruz Battery Metals Corp. is a Canada-based company, which is focused on acquiring and developing battery metals projects. The Company’s projects include The Hector Project, The Solar Lithium Project, The Clayton Valley Lithium Brine Project, Idaho Cobalt Belt Project and The Idaho Star Cobalt Prospect. The Solar Lithium Project is located in Nevada, United States. Solar Lithium Project consists of over 8,135 acres. The Clayton Valley Lithium Brine Project is located in Nevada, United States. Its 5,542-acre Hector Property is located in the vicinity of the town of Cobalt, Ontario, which is prospective for cobalt, silver, and diamonds. The Idaho Cobalt Belt Project is located within the Idaho Cobalt Belt surrounding Jervois Mining Ltd. The 80-acre Idaho Star cobalt prospect in Idaho, United States is located over nine miles southwest of Saltese, Montana, and 19 miles southeast of Wallace, Idaho. This prospect consists of four contiguous claims within the prolific Idaho cobalt belt.


CSE:CRUZ - Post by User

Bullboard Posts
Post by WarZone22on Jan 16, 2017 3:34pm
70 Views
Post# 25714189

Wiki Leaks last year mention an African cobalt mine.

Wiki Leaks last year mention an African cobalt mine.

Cobalt has been used as a pigment in glass and porcelain for centuries. Most notably it was used to create that distinctive blue color in fine china. Other than that, cobalt was mainly seen as a byproduct of mining copper and nickel ore.

The bulk of cobalt production has been from the Copperbelt in central Africa since the 1970s. But when Zaire (now the Democratic Republic of Congo) had political strife in 1976, cobalt production was all but cut off. The price of cobalt skyrocketed. As a result, most manufacturers found alternatives to cobalt and demand at the time waned somewhat for the blue metal.

But cobalt is making a comeback. Aerospace and green technologies have introduced a slew of new applications for cobalt. According to the Department of Energy, cobalt can’t be as easily replaced this time around.

Cobalt: One of 14 Critical Metals to Clean Energy

In December of 2010, The U.S. Department of Energy outlined its “Critical Materials Strategy.” Cobalt is one of 14 elements defined as a critical metal to clean energy over the next five to 15 years. Nine of these 14 are classified as rare-earth elements.

The DOE sees cobalt as such a critical metal because of its use in lithium ion batteries. The DOE predicts that each electric-powered vehicle (PHEVs and EVs) will demand 9.4 kg of cobalt. That doesn’t even include all of the cell phones, tablets, and laptops that will continue to use lithium ion batteries. Cobalt is also a significant ingredient in Nickel Cadmium and NiMH rechargeable batteries.

Besides the demand for cobalt from batteries, the other critical use for the metal is in superalloys. Cobalt superalloys are used extensively in military aerospace engineering. Because of the resistance to heat and corrosion, the cobalt superalloy is particularly useful for gas turbine engines.

Other industrial uses of cobalt include:

  • As a binding agent in steel-belted tires
  • Used in magnets
  • Desulfurization of crude oil
  • Liquid-to-natural gas production
 Although cobalt doesn’t get a ton of press, it’s a pretty important metal in this day and age. Even if we don’t realize it, the U.S. government seems to.

A Debilitating Impact on the U.S.

MIT’s technology review reported that U.S. diplomatic cables released by WikiLeaks last year mention an African cobalt mine. According to the report, The Department of Homeland Security claimed that the single mine is so important that it’s “incapacitation or destruction … would have a debilitating impact” on the national economy and U.S. security.

Considering the volatile state of Africa’s political scene, it’s not very reassuring. But since only 15 percent of U.S. consumption of cobalt is via recycled metals, the United States relies on 85 percent of its cobalt from foreign sources.

Something else that isn’t reassuring for Americans: 40 percent of all cobalt production is from African mines, and 99 percent of that African cobalt is processed and sold by the Chinese. Much like the rare earth metals, China has a virtual grapple hold on cobalt production.

The U.S. hasn’t mined cobalt since 1971 and hasn’t processed it since 1985. Much like rare earth materials, China used its cheap labor and lack of environmental regulation to undercut the competition. But that is starting to change this year.

 
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