NEW YORK, November 19, 2018 /PRNewswire/ --
According to data compiled by TechNavio, the global cobalt market is projected to grow at CAGR of 9.26% during the forecast
period from 2018-2022. The market is being driven by the demand for cobalt as a component for batteries, electronics and super
alloys. Cobalt is highly attractive to manufacturers due to its high temperature resistance, making it an ideal element to use
within high powered electronic applications. The cobalt market is currently being driven by sales in consumer portable
electronics such as smartphones, tablets and laptops, but the electric vehicle market is projected to take over within the next
few years. Electric vehicles demand is increasing globally due to its environmental efficiency. Many countries are now looking to
ban diesel-powered vehicles in order to combat rising concerns of environmental issues. Declan Cobalt
Inc. (OTC: DCNNF),
EMX Royalty Corporation (NYSE: EXM), First Cobalt Corp (OTC: FTSSF), PolyMet Mining Corp. (NYSE: PLM), Taseko Mines Limited
(NYSE: TGB)
Many major automotive manufacturers are already transitioning into production of electric vehicles. Some manufacturers have
already pledged to completely transform its business into solely electric cars. Sales of such cars are being propelled heavily by
China due to air pollution concerns. Now, other nations are following China's footsteps and adopting the transition. The European Union has already begun the transition to ban
carbon emissions generated from cars. Although, the market segment still remains relatively small as opposed to its counterparts,
the segment is expected to witness substantial growth as technological advancements continue. "I still believe the critical point
[for the cobalt market] will be in 2020, when the majority of the electric vehicles are going to come to market," said
Caspar Rawles, analyst at Benchmark Mineral Intelligence. "I don't think there are any factors
that could derail the cobalt story at this point."
Declan Cobalt Inc. (OTC: DCNNF) is also listed on the Canadian Securities Exchange under the ticker (CSE: LAN). Just earlier today the
company announced breaking news that, "an interpretation update, based on newly acquired geophysical data and continued
compilation of historical data. The Property is comprised of 15,929 ha, located in Germany and
the Czech Republic. The focus of the current work program is on the historical Tisová Mine
located on the Czech-German border (~320 ha). Multiple strata of copper and cobalt bearing volcanogenic massive sulphide (VMS)
and magnetite iron formations occur in the Cambrian-age strata in the Tisová Mine workings.
The Czech state mining company, Rudné doly P?íbram n.p., professionally decommissioned the Tisová Mine in 1994, providing
Declan with historical data, used to complete 3D geological modeling mated with the 3D modeling of the newly acquired geophysical
data.
3D Geological Modeling: Declan's consultant, Paul McGuigan, P. Geo. of Cambria Geosciences,
assembled a 3D model of data from the mine closure report and drawings by Kozubek et al. (1994) and drilling data from the Czech
Geological Survey Archive ("Kutná Hora Geofond"). Additionally, the Company recently acquired a full, multi-year study by Charles
University, Prague of the structural geology of the mine (Pertold et al., 1971). This large
collection of data and drawings has now been re-interpreted and posted to the Company's 3D model forming the initial framework
for the interpretation of the new geophysical surveys. 3D Resistivity & Induced Polarization Survey: Dias Geophysical's DIAS
32 survey is complete over the entire Tisová concession and adjacent areas. Successful implementation of this innovative system
is shown by the following preliminary results:
- Data acquisition from greater than 500 to 600m below the surface and below the deepest 9
Level exploration drilling.
- Low and High Resistivity responses correlate with the 3D modeled geology. Low resistivity corresponds to the metamorphosed
euxinic sediments and the principal VMS horizons.
- Shallow Drill Targets: Low resistivity responses located at shallow depths (about 200 m below
surface) correlate with strata extending down-dip and along strike of stoped-out areas. Detailed modeling is underway to define
promising shallow drill targets.
- Deep Drill Targets: Low resistivity targets at depth (~450 metres) seem to correspond to higher sulfide bearing zones
identified from underground drilling. The intent is to have Dias Geophysical to reprocess the data to determine better
interpretation to provide deeper core drill targets.
Continuing Work Program:
- Another series of detailed 3D inversions are being completed to further define the resistivity/chargeability
responses.
- The Terratec Geophysical Services detailed ground magnetic data will be integrated into the compilation and provide
additional ability to refine core drill targets.
- A core drill contractor will be selected and the timeline for drilling will be formulated. Year-round drilling is feasible
on the Tisová concession due to favorable terrain and excellent infrastructure.
President Wayne Tisdale states: "This treasure trove of historic data, combined with modern
data compilation is helping us understand the mineral potential of Declan's Czech-German copper-cobalt project. We are truly
excited to commence our core drilling program."
Mr. Garry Clark, P. Geo., of Clark Exploration Consulting, is the "Qualified Person" as defined
in NI 43-101, who has reviewed and approved the technical content in this press release."
EMX Royalty Corporation (NYSE: EXM) leverages asset ownership and exploration insight into partnerships that advance
our mineral properties, with EMX receiving pre-production payments and retaining royalty interests. EMX Royalty Corporation
announced earlier this year its acquisition of 2,020,202 common shares of Boreal Energy Metals Corp. ("BEMC"), representing an
additional 4% equity stake in BEMC, and bringing EMX's aggregate interest to 9.9% of BEMC's issued and outstanding shares. EMX
acquired the additional shares pursuant to the sale of the Njuggträskliden and Mjövattnet nickel-copper-cobalt projects in
Sweden (the "Projects"). The shares were issued to EMX at a deemed price of CDN 0.05 per share. BEMC is a recently formed private company focused on battery metal assets in Scandinavia,
and is a subsidiary of Boreal Metals Corporation ("Boreal") (TSX Venture: BMX). In addition to EMX's direct ownership in BEMC,
which includes an initial 5.9% share equity position resulting from the sale of the Guldgruvan cobalt project, EMX also has an
indirect ownership interest via its 17.9% interest in Boreal, which owns the remaining 90.1% of BEMC. These interests provide EMX
and its shareholders immediate exposure to equity upside, while the royalty interests provide longer term exposure to mineral
production revenues and the optionality of continued exploration success and discovery.
First Cobalt Corp (OTCQX: FTSSF) a North American pure-play cobalt company whose flagship asset is the Iron Creek
Cobalt Project in Idaho, USA, which has Inferred mineral resources of 26.9 million tonnes
grading 0.11% cobalt equivalent. First Cobalt Corp. recently announced that it has commenced testing cobalt hydroxide material as
feedstock for the First Cobalt Refinery. The First Cobalt Refinery is a hydrometallurgical cobalt refinery in the Canadian Cobalt
Camp, approximately 500 kilometres from the US border. On October 10, the Company released the
results of three independent studies undertaken to estimate capital requirements, operating costs, permit renewal timelines,
potential feedstock options and offtake opportunities. At a 24 tonne per day feed rate and using the current flowsheet, the
capital cost of the restart is estimated at USD 25.7 Million (including a 30% contingency) and a
permitting review concluded that a restart is possible within 18 months of selecting a feedstock. Trent
Mell, President & Chief Executive Officer, commented: "Our objective is to enter into a long-term agreement for a
reliable source of ethically-mined cobalt. The cash flow potential from restarting the refinery in as little as 18 months could
allow us to fund a significant amount of work to advance our flagship Iron Creek Cobalt Project in Idaho, USA while also providing a much-needed North American source of cobalt. In parallel with these tests,
management has commenced discussions with third party sources of capital that would minimize or eliminate any equity dilution
associated with a restart of the First Cobalt Refinery."
PolyMet Mining Corp. (NYSE: PLM) is a publicly traded mine development company that owns 100 percent of Poly Met
Mining, Inc. Poly Met Mining Inc., a wholly-owned subsidiary of PolyMet Mining Corp. reported earlier this year that it has filed
an updated technical report with Canadian and U.S. securities agencies that reaffirms the economic and technical viability of the
NorthMet copper-nickel-precious metals project located near Hoyt Lakes, Minnesota. The report
provides technical and economic details for development of the mining operation in two distinct phases. Phase I involves
development of 225 million tons - nearly one-third of NorthMet's known resource - into an operating mine processing 32,000 tons
per day over a 20-year mine life. It also includes rehabilitating the former LTV Steel Mining Company processing plant. Phase II
involves construction and operation of a hydrometallurgical plant to treat nickel sulfide concentrates into upgraded
nickel-cobalt hydroxide and recover additional copper and platinum-group metals. While development of Phase II will be at the
company's discretion, both phases are currently being permitted and are included in the Final Environmental Impact Statement and
draft permits. Phase II would increase the project's capital costs by approximately USD 259
Million. "This report reaffirms the technical and financial viability of the 32,000 tpd case for which the final EIS and
draft permits have been issued. Our focus remains on obtaining final permits under the 32,000 tpd permit case, meeting our
environmental and financial assurance obligations under the terms of those permits, and obtaining the necessary financing to
build the project," said Jon Cherry, President and Chief Executive Officer. "We are making
significant progress on all of those fronts."
Taseko Mines Limited (NYSE: TGB) is a local, British Columbia based company. Taseko
Mines Limited recently reported earnings from mining operations before depletion and amortization* of USD
33.7 Million and adjusted net income* of USD 1.5 Million for the three months ended
September 30, 2018. Copper production in the third quarter was 43.0 million pounds (100% basis),
which represents a 28% increase over the previous quarter as a result of the higher head grades and increased mill throughput.
Total copper sales for the quarter were 29.0 million pounds (100% basis), as concentrate shipments were delayed by poor rail
service between the mine and the port terminal. As a result, inventories increased to 18.5 million pounds of copper (100% basis)
at September 30, 2018. The lower sales affected the Company's quarterly revenues by approximately
USD 40 Million and cash flow by approximately USD 30 Million, based
on current copper pricing. The excess inventory is expected to be sold in the fourth quarter. Russell
Hallbauer, President & Chief Executive Officer commented, "In August, Gibraltar's
mine engineering group determined that the Granite Pit high wall could be steepened, based on data from geotechnical and rock
structure evaluations. We immediately redesigned the Granite Pit pushback, which allowed us earlier access to high grade ore
benches. These benches, which we partially mined in the third quarter, were not included in the 2018 mine plan and ended up
having a dramatic impact on copper production during the quarter."
Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia
Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz
Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz
Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/
About FinancialBuzz.com
FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News,
Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company
Interviews. A pioneer in the financially driven digital space, video production and integration of social media,
FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination,
branding, marketing and advertising for third parties for corporate news and original content through our unique media platform
that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial
Publications.
Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not
undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided
[exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into
media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials
for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the
information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting
high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com
does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along
with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our
unique financial newswire and media platform. For declan cobalt inc. financial and corporate news dissemination,
FinancialBuzz.com has been compensated five thousand dollars by the company. Our fees may be either
a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof.
The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near
the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for
financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or
continue to post information about any companies the information contained herein is not intended to be used as the basis for
investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is
not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for
any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other
materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of
their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance,
and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound
by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com
constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment
strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is
solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives,
other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and
legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless
of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be
reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please
visit: http://www.financialbuzz.com.
Media Contact:
info@financialbuzz.com
+1-877-601-1879
Url: http://www.FinancialBuzz.com
SOURCE FinancialBuzz.com