Demand for the commodity is expected to outstrip the supply
SmallCapPower | August 16, 2016: Cobalt demand is forecast to grow at a higher rate than the supply, according to Roskill’s market outlook. Today we have identified three cobalt-related juniors that should benefit from this trend.
Altius Minerals Corp. (TSE:ALS) – $9.49
Altius Minerals Corporation is a mining royalty and mineral project generation company. The Company is engaged in the generation and acquisition of mineral resource projects, royalties and investments. The royalty interests cover mining operations producing copper, zinc, nickel, cobalt, precious metals, potash, and thermal (electrical) and metallurgical coal. It holds royalty interests in approximately 10 producing assets in Canada that include over 4% net smelter return (NSR) royalty on 777 copper-zinc mine in Manitoba, approximately six potash mines and over five coal mines located in western Canada, and a royalty on the Bay nickel-copper-cobalt mine in Labrador, as well as interests in the Chapada Mine in Brazil.
- Market Cap: 415,765,460
- Revenues: 11,204,000
- Operating Income: -27,047,000
- Debt: 64,125,000
eCobalt Solutions Inc. (TSE:ECS) – $0.61
eCobalt Solutions Inc., formerly Formation Metals Inc, is a mineral exploration and mine development company. The Company’s primary project is Idaho Cobalt Project (ICP), which is located in the mining state of Idaho. ICP property covers an area of approximately 4,080 acres and includes over 170 mining claims. ICP consists of the mine, mill and concentrator, referred to as the Mine & Mill (M&M) located in Lemhi County outside of the town of Salmon, Idaho, and a hydrometallurgical plant. Its property also includes Wallace Creek, in which the Company has interest in certain mineral claims located in Lemhi County.
- Market Cap: 64,265,012
- Revenues: 0
- Operating Income: -2,570,720
- Debt: 0
Sherritt International Corp. (TSE:S) – $0.84
Specialty Mining & Metals
Sherritt International Corp is engaged in mining and refining of nickel from lateritic ores with operations in Canada, Cuba and Madagascar. The Company’s segments include Metals, Oil and Gas, Power, and Corporate and Other. The Metals segment includes mining, processing and refining nickel and cobalt from lateritic ore bodies. It has a partnership with General Nickel Company S.A. (GNC) of Cuba (the Moa Joint Venture) and approximately 40% interest in the Ambatovy Joint Venture that owns a nickel operation in Madagascar.
- Market Cap: 114,570,744.63
- Revenues: 286,700,000
- Operating Income: -287,000,000
- Debt: 2,219,500,000