The cobalt stocks on our list today are up an average of 220% since we identified them a year ago
SmallCapPower | January 31, 2018: As the cobalt price was beginning to spike on January 25, 2017, we identified four cobalt stocks that could be leveraged to a continued rise in the underlying commodity price here. Since then, the cobalt price has risen 140%. The stocks we revisit today have increased 220% on average, largely driven by Katanga Mining’s 750% increase.
eCobalt Solutions Inc. (TSX:ECS) – $1.53
eCobalt Solutions is a Canada-based cobalt company. eCobalt’s 100% owned project is a Cobalt-Copper-Gold project located outside the town of Salmon, Idaho. eCobalt has obtained all the environmental permits necessary for the project and expects the project to be an underground mine and mill operation. The Company expects to complete an updated feasibility study by Q2 2018.
- Market Cap: $201.8 Million
- Price Close on Last Report Date: $0.78
- Total Return since Last Report Date: 96.2%
Fortune Minerals Ltd. (TSX:FT) – $0.27
Fortune Minerals is a Canada-based mining company operating in the Northwest Territories. The Company’s flagship asset, the NICO gold-cobalt-bismuth-copper project, is located 160 km from Yellowknife. The site hosts reserves of 1.11 Moz Au, 82.3 Mlb Co, 102.1 Mlb Bi, and 27.2 Mlb Cu. The Company is currently conducting an updated Feasibility Study and raising project financing.
- Market Cap: $89.7 Million
- Price Close on Last Report Date: $0.18
- Total Return since Last Report Date: 54.3%
Katanga Mining Ltd. (TSX:KAT) – $1.87
Specialty Mining & Metals
Katanga is a Switzerland-based mining company operating in the Democratic Republic of the Congo. The Company’s flagship asset is the Kamoto project, a copper/cobalt mine. The mine restarted production in 2007. The site hosts reserves of 16.4 Mt at 3.6% Cu and 0.6% Co.
- Market Cap: $3,574.6 Million
- Price Close on Last Report Date: $0.22
- Total Return since Last Report Date: 750.0%
Sherritt International Corp. (TSX:S) – $1.33
Specialty Mining & Metals
Sheritt International is a Canada-based resources company. The Company operates nickel and cobalt mines in Cuba, Madagascar, and Canada, in addition to oil and gas properties in Cuba. On January 29, the Company closed a $132M unit offering.
- Market Cap: $398.6 Million
- Price Close on Last Report Date: $1.59
- Total Return since Last Report Date: -16.4%
Disclosure: Neither the author nor his/her family own shares in any of the companies mentioned above.
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