August 2017 Cobalt Play Update

Electric Cars

Rick Rule is talking about up-and-coming cobalt, and Bloomberg just put out this article titled: “Billionaire Who Made Killing on Cobalt Bets on Electric Car Fund” so hurrah to us for being on the cobalt train a while back. The message of cobalt’s relevance in light of the electric car boom and the rechargeable batteries that use both lithium and cobalt in their making, is trickling towards the mainstream. Interesting, Rule mentions Congolese, Brazil and Russian, but doesn’t mention Canada’s hot … [Read more...]

Drills are Turning in Ontario’s Cobalt Camp: $CSR.V

Castle Silver Diamond Drilling

The time has come and the truth machine has arrived. Castle Silver is now drilling their high grade cobalt silver property near Gowganda, Ontario. A 1,700 meter Cavity Monitoring Survey (CMS) has uncovered something interesting to the team, and new information has their drills turning from surface for round 1. For this initial phase they are commencing a 1,500 meter diamond drill program from surface, focused on potential extensions to the significant vein structures on the Castle Silver Mines’ … [Read more...]

Castle Silver Cashed Up and Ready to Go: $CSR.V

Screen Shot 2017-05-26 at 10.03.03 AM

Castle Silver Resources ($CSR.V) is preparing to drill at their cobalt silver mine in Ontario Canada. They closed a second tranche of an increased financing that will bring in around $1.2 million after all is said and done. CEO Frank Basa and his team are targeting high-grade cobalt and silver mineralization in vein structures that were either overlooked or left untouched by Agnico Eagle in the 1980's. They own the Castle Silver Cobalt Mine 100%, and CEO Frank Basa is well familiar with … [Read more...]

One Critically Hot Metal, Cobalt

Cobalt 12 Year Price Chart: Infomine

Cobalt is hard not to love right now and a handful of junior companies have sprung to life in the wake of cobalt’s aggressive two year price run. While ups and downs in the price of cobalt are going to occur, this commodity’s demand is not just a temporary blip on the chart. Investor demand for battery metals is coming from the Electric Vehicle (EV) market, and specifically the battery market. January sales of EV’s this year saw a 70% increase year-over-year, with 159,139 EV’s sold last year in … [Read more...]

First to Drill in Canada’s Cobalt Hotspot: $CPO.V

Cobalt Power Group: CPO.V

We are adding another stock to our cobalt basket today, Cobalt Power Group (TSX: CPO.V). Stock Syndicate recently featured two other Canadian cobalt players, Castle Silver Resources (CSR.V) and CobalTech (CSK.V), and the excitement around this metal continues to brew as the juniors edge into place to become part of the supply chain. Only a year ago cobalt was $10.52/lb. At the time of writing, cobalt is priced at $25.17/lb. Renewable energy demand combined with a volatile supply chain for … [Read more...]

Castle Silver’s Got Grade (and Cobalt): CSR.V

Cobalt

Castle Silver Resources Inc (TSX-V: CSR OTC:TAKRF FRANKFURT:4T9B) is a silver-cobalt company aiming to resume mining at the Castle Silver and Beaver properties in Ontario Canada. The company is run by Mr. Frank Basa, a Metallurgical Engineer who worked for Agnico Eagle back in the 80’s when they were actively mining the properties in Castle Silver’s portfolio. Castle Silver (CSR) is a spinout of three properties from Basa’s other company, Granada Gold Mine Inc., a development company with a high … [Read more...]

Canada’s Best Microcap Cobalt Play $CSK.V

ColbalTech

At $16.67 a pound, cobalt is getting due love these days.  The shiny brittle metal is riding shotgun with Lithium as Tesla jacks up the demand for this by-product metal used to manufacture Lithium-Ion (Li-ion) batteries. As a matter of fact, 42% of the global cobalt market is attributable to the battery industry alone with the remaining 58% driven by industrial and military applications. Cobalt is used in super-alloys, aircraft engines, drill bits, catalysts, magnets, pigmentation, and gamma … [Read more...]