ECS:TSX; ECSIF:OTCQX; ECO:FSE

eCobalt Solutions Inc.

eCobalt is a well-established TSX-listed company committed to providing clean cobalt products essential for the rapidly growing rechargeable battery and renewable energy sectors, made safely, responsibly, and transparently in the United States. The company's Idaho Cobalt Project, located in the historic Idaho Cobalt Belt in East Central Idaho, is the only environmentally permitted, primary cobalt project in the United States. It is 100% owned by the company's wholly owned subsidiary, Formation Capital Corporation, U.S.
ECS:TSX ECSIF:OTCQX ECO:FSE

Expert Comments:

Eric Zaunscherb, Canaccord Genuity (7/12/18)
"We maintain our Speculative Buy rating and CA$1.80 target price for eCobalt Solutions Inc. The company continues to advance infrastructure investments and staff recruitment at the wholly owned Idaho cobalt project. . .on the ground, eCobalt Solutions has been applying proceeds from the February 2018 equity financing that raised $29.9M on a gross basis."

Analysts provided an update on the company's flagship asset in Idaho.
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Metallurgical optimization and investigation of financing options are progressing at a cobalt project in Idaho.
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Craig Hutchison, TD Securities (6/25/18)
"ECobalt Solutions Inc. has received preliminary project term sheets from multiple counterparties to finance the capital requirements of the Idaho cobalt project. The preliminary term sheets will be updated in conjunction with the advancement of the optimized feasibility study."

Eric Zaunscherb, Canaccord Genuity (6/25/18)
"ECobalt Solutions Inc. is progressing its feasibility studies and advancing its project financing opportunities for the wholly-owned Idaho cobalt project. . .two key milestones we expect to see in the near term, which we believe could result in a rerating of the company, are the completion of the feasibility study and finalizing project financing."

Craig Hutchison, TD Securities (6/14/18)
"We are initiating coverage of eCobalt Solutions Inc. with a Speculative Buy recommendation and CA$2.25 target price. . .on the back of strengthening demand for cobalt, the company is now planning to release an updated feasibility study in late Q2/18 or early Q3/18, which will look to simplify its flowsheet by producing a bulk concentrate to sell directly to offtake parties given the strong demand for safe secure supply."

With demand for cobalt skyrocketing, a near-term, fully permitted cobalt mine in Idaho is garnering attention by continuing to hit its milestones.
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Canaccord Genuity analyst Eric Zaunscherb relayed where this company stands with respect to building its mine and plant.
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Eric Zaunscherb, Canaccord Genuity (4/23/18)
"In this morning's update, eCobalt Solutions Inc. outlined preconstruction efforts at the Idaho cobalt project in advance of underground development and plant construction. Highlights include commenced delivery of components for the water treatment plant and awarded contracts for its construction; awarded contracts for construction of infrastructure and concentrator earthworks and concrete; advanced roaster design engineering based on data gained from pilot tests being conducted with Dundee Sustainable Technologies and continued staff hiring in key roles including mine manager, superintendents and metallurgists."

David Talbot, Eight Capital (4/23/18)
"All eyes are focused on eCobalt Solutions Inc. as it remains the only advanced-stage, near-term primary cobalt developer in the U.S. Recent updates contemplate new end products, environmental improvements and improved economics as we await a feasibility study update; this should outline exactly how the company can shave $100M from its initial capex."

More Expert Comments

Experts Following This Company

Craig Hutchison, Analyst – TD Securities
David Talbot, Vice President, Senior Analyst – Eight Capital
Eric Zaunscherb, Analyst – Canaccord Genuity

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
 
Only primary near-term environmentally-permitted cobalt project in the US.
 
Clean, ethical source of cobalt (60% of global Co from the DRC).
 
Initial production expected Q419 full commercial production in 2020.
catalyst Calendar
Q2
2018
New Optimized Feasibility Study due in Q218.
Q2
2018
Finalize offtake agreements and all environmental systems in place in Q218.
Q3
2018
Commence underground development in Q318.