Canada Cobalt Works Tops the Battery Metals Index as Cobalt Price Spikes

Our Ubika Battery Metals Index eased since the last report as a result of a big drop in Katanga Mining stock

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The Ubika Battery Metals Index is down 11.3% since our last report dated April 16, 2018. This decline is driven largely by a 47% drop in Katanga Mining (TSX:KAT) shares, which grew to become a significant part of our Index following its rise in December. The fall was caused by the commencement of legal proceedings against the Company’s DRC subsidiary, which could close it. With Katanga excluded, our Index rose 0.6%. Notable performers for this report include:

  1. Canada Cobalt Works Inc. (TSXV:CCW), which surged 73% following a spike in cobalt prices and progress on its exploration program.
  2. Neo Lithium Corp. (TSXV:NLC), which increased 8% as construction and testing advances at its 3Q asset.
  3. First Cobalt Corp. (TSXV:FCC), which declined 12% despite its acquisition of US Cobalt (TSXV:USCO).

To find out more about Canada Cobalt Works Inc., please visit the company’s Investor Hub.

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Ubika Research/SmallCapPower has received compensation from Canada Cobalt Works to provide analyst research coverage. For full disclosure please visit here >>

Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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