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Thursday, December 14, 2017 Derek Macpherson

eCobalt Reports Drill Results From ICP; More Pending

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eCobalt Solutions (TSX:ECS) reported results from one of three completed resource definition diamond drill holes at its Idaho Cobalt Project (ICP), returning 0.40% Co, 0.3% Cu over 6ft (~1.83m), 0.44% Co, 1.6% Cu over 6ft (~1.83m) and 0.51% Co, 1.8% Cu over 16ft (~4.88m). Results are pending for the two remaining holes. Drilling was intended to upgrade a portion of inferred resources to indicated resource for an updated feasibility study. The updated resource is expected in Q1 2018, which the company believes should have a positive impact on project economics. We view eCobalt as one of the few companies positioned to meet the near-term increase in cobalt demand, taking advantage of the current upswing in metal prices. The project’s location in the U.S., places it in a mining friendly jurisdiction with low political risks versus other Cobalt developers.  read more

Wednesday, December 13, 2017 Derek Macpherson


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In this edition of RCKS Charts, Keith has evaluated eCobalt Solutions Inc. (TSX:ECS), Bonterra Resources Inc. (TSXV:BTR), Radisson Mining Resources Inc. (TSXV:RDS) and Skeena Resources Ltd. (TSXV:SKE).  read more

Thursday, December 07, 2017 Derek Macpherson

eCobalt Optimization Should Reduce Costs

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eCobalt Solutions (TSX:ECS) announced an update on the progress its made in optimizing the Idaho Cobalt Project (ICP). The company has decided to take a new direction with its cobalt product and is expected to produce a clean (low arsenic) cobalt concentrate that is expected to reduce capital and operating costs at the company’s Cobalt operating facility. This new direction has followed changes in battery supply chain dynamics and in-depth discussions with potential offtake partners.  read more

Friday, September 29, 2017 Derek Macpherson

eCobalt De-Risks ICP with Feasibility Study

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eCobalt Solutions (TSX:ECS) reported results from the feasibility study completed for its fully-permitted Idaho Cobalt Project (ICP) in Idaho. The 800 tpd project is estimated to produce 31.8 million lbs of cobalt, 2.4 million lbs annually, over 12.5-year mine life, with an after-tax NPV of $135.8 million, IRR of 21.3%. The project remained essentially unchanged from the 2015 PEA, with the exception of lower head grades which resulted in lower metal production. This was offset by updated cobalt prices to better reflect current market conditions, resulting in project economics being essentially unchanged. As well, the pre-production capex has increased, primarily driven by a higher cost estimate for the Cobalt Processing Facility. In our view, the study materially de-risks the project allowing the company to advance the ICP project into detailed engineering, financing and eventually into construction. As well, there appears to be some opportunities for project improvements both with respect to the mine plan and capital costs. Next material catalysts likely include a project financing to support construction in 2018 and ultimately production in 2020. We continue to believe eCobalt is well-positioned to take advantage of rising cobalt prices. read more

Thursday, August 10, 2017 Derek Macpherson

eCobalt Begins Pre-Construction; FS Expected in September

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eCobalt Solutions (TSX:ECS) provided an update regarding the feasibility study for its Idaho Cobalt Project (ICP), which is expected to be completed in September of this year. The company is now finalizing the mine design and schedule with the CPF design completed and site purchased. In the meantime, pre-construction activities are being fast-tracked for the fall, in advance of 2018 construction. The activities currently under review include, road work, transport gravel for construction material, move crusher to site, burial of pipeline and septic, install temporary power and remediation of Tailings Waste Storage Facility drainages. The United States Department of Agriculture Forest Service is reviewing whether to take the project off care and maintenance. We continue to believe eCobalt is well-positioned in the improving cobalt market, the feasibility study is an important key catalyst for the company in the near term. read more

Monday, July 24, 2017 Derek Macpherson

RCKS Drilling Deeper Lunch; Cobalt: A Battery Metal

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Last week, Red Cloud Klondike Strike Inc. (RCKS) in partnership with Stormcrow Capital hosted another installment of our Drilling Deeper Lunch series, this time featuring three companies focused in the cobalt exploration, development and royalty/holding company space. Dr. Jon Hykawy co-founder of Stormcrow opened the event discussing the cobalt market and other key battery metals, followed by presentations from Cobalt 27 Capital Corp. (TSXV:KBLT), First Cobalt Corp. (TSXV:FCC) and eCobalt Solutions Inc. (TSX:ECS).  read more

Wednesday, May 31, 2017 Derek Macpherson

eCobalt Makes Progress on ICP's Feasibility Study

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eCobalt Solutions’ (TSX:ECS) provided an update on the progress made regarding the feasibility study for its Idaho Cobalt Project (ICP), initial results are expected at the end of Q2 or early Q3. Since the company’s last update in March, advancements have been made with the completion of the resource model, mine design and schedule and additional metallurgical testing. In addition, basic processing engineering work for the mill/concentrator and Cobalt Production Facility (CPF) has been completed, including an option to purchase land for the CPF with some infrastructure already in place. It has been determined that cobalt sulphate crystals from ICP meet the standards for the rechargeable battery sector, and the company notes, a sample has already been sent to a potential offtaker. We continue to believe eCobalt is well-positioned in the improving cobalt market.  read more

Monday, March 06, 2017 Derek Macpherson

eCobalt Advances ICP as Cobalt Prices Increase

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eCobalt Solutions’ (TSX:ECS) provided a corporate and operations update on its Idaho Cobalt Project (ICP) near Salmon, Idaho. The update suggests progress has been made in advancing the project and that the feasibility study is on track to be completed in Q2. A third-party market study established that cobalt sulfate samples produced from ICP meets the standards for the most recent NMC and NCA battery technologies. We view this positively as it should allow the company to complete an off-take agreement. In addition, the company announced it has completed the ~800m metallurgical drill program which commenced in Q3 2016. Cobalt sulfate crystal samples produced from the drill core are expected to be made available to potential off-take clients for due diligence purposes. Earlier in Q1, eCobalt closed a C$17.25 million financing to fund the project to a construction decision. With the project progressing, we believe eCobalt is likely in a good position to take advantage of the increasing cobalt prices. Cobalt prices have increased by ~55% since the beginning of 2017. read more


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