RCKS talk

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


Sunday, February 26, 2017 Derek Macpherson

RCKS Pre-PDAC Mining Showcase Presenter Preview

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On Friday March 3th, 2017, Red Cloud Klondike Strike Inc. will be hosting its 5th Annual Pre-PDAC Mining Showcase. The event features presentations from 21 companies, including a themed lunch presentation by leading corporations in the gold mining sector. Visit the event page for more details on the day’s schedule. In this post, we provide a brief preview on the 21 presenting companies and 13 banner sponsors that will also be in attendance.  read more


Wednesday, November 30, 2016 Derek Macpherson

Cobalt: Our Favourite Battery Metal

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Battery production is expected to ramp up significantly in the next few years and in our view, the best way to play this theme via mining is with cobalt and the underlying equities. While investors have primarily been focused on lithium, and to a lesser extent graphite, to-date, we believe that cobalt, which is the largest battery metal component by weight of the favoured lithium ion battery technology, is the best way to play this theme going forward because of expected meaningful demand growth coupled with lack of supply growth and the elevated political risk from the world’s largest miner of cobalt, the Democratic Republic of Congo (DRC). While we have identified several exploration and development stage companies looking to advance primary cobalt projects, we favour eCobalt Solutions Inc. (TSX:ECS), which is developing the Idaho Cobalt Project (ICP), because it is best positioned to benefit from the anticipated near to medium term increase in the Cobalt price.  read more


Sunday, October 30, 2016 Derek Macpherson

Site Visit: eCobalt’s ICP is Ready to Go; Offtake Key

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Last week we visited eCobalt Solutions’ (TSX:ECS) Idaho Cobalt project (ICP) near Salmon, Idaho. Our visit to the project was highlighted by three key points. First is that construction is ready to resume, with all the pieces in place to build the mine, along with permits; eCobalt can restart the project at any time. Secondly, the project is likely to grow beyond the current 12.5 year mine-life, just not yet. And finally, in our view one of key elements needed for the project to move ahead is a cobalt sulphate heptahydrate off-take agreement, which we would expect to be completed in conjunction with the ongoing feasibility study.  read more


Tuesday, October 04, 2016 Derek Macpherson

RCKS Fall Mining Showcase Presenter Preview

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On Thursday October 6th, Red Cloud Klondike Strike Inc. will be hosting its 4th Annual Fall Mining Showcase. The event, that will offer attendees the opportunity to meet with a number of companies, features presentations from 20 companies and a buy-side discussion panel comprised of three of the industry’s most influential fund managers. Visit the event page for more details on the day’s schedule. In this post we provide a brief preview on the 20 presenting companies and 8 banner sponsors that will also be in attendance.  read more


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