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.

Expert Comments:

The firm continues its infrastructure, feasibility study and staffing efforts for its Idaho Cobalt Project.
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Two analysts relayed the relevant background of the newly appointed executive and shared their thoughts about the timing of the replacement.
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Keith Kohl, The Energy Investor (10/1/18)
"Right now, eCobalt Solutions Inc. is focused on finalizing all the environmental systems at the Idaho cobalt project site to get ready for developing the underground mine in 2019. . .the company's Idaho is set to start production in 2019, with full production beginning in 2020."

Craig Hutchison, TD Securities (9/27/18)
"This morning, eCobalt Solutions Inc. announced the retirement of Paul Farquharson as president/CEO and director on Oct. 1, 2018. . .Farquharson will be succeeded by Michael Callahan. . .Farquharson, who has worked for over 25 years at the company, will continue to work with Callahan until the end of the year to assist with the transition."

Eric Zaunscherb, Canaccord Genuity (9/27/18)
"We maintain our Speculative Buy rating and CA$0.90 for eCobalt Solutions Inc. following the announcement of president/CEO Paul Farquharson's retirement, effective Oct. 1, 2018, and the appointment of Michael Callahan in those roles. . .Callahan is an Idaho native and an experienced executive who began and spent most of his career at Hecla Mining."

The project is the only near-term, environmentally permitted primary cobalt project in the U.S.
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Eric Zaunscherb, Canaccord Genuity (9/18/18)
"ECobalt Solutions Inc. released an update on construction progress at its Idaho cobalt project, indicating that construction is advancing on time and on budget. . .recently, the company achieved an important step, demonstrating the successful conclusion of pilot-scale metallurgical testing, confirming the ability to produce a clean (low-arsenic) cobalt copper-concentrate using rotary kiln roasting technology. In addition, eCobalt announced its optimized feasibility study is on schedule to be delivered at the end of September."

A Canaccord Genuity report provided an update on the Idaho project.
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Craig Hutchison, TD Securities (9/11/18)
"This morning, eCobalt Solutions Inc. announced the successful completion of pilot-level metallurgical testing to remove arsenic from its cobalt concentrate at the company's Idaho cobalt project. . .testing confirms the arsenic removal process can produce a clean cobalt concentrate. . .eCobalt can now finalize the optimized feasibility study, which has been held up due to the inconclusive results on arsenic removal until now."

Eric Zaunscherb, Canaccord Genuity (9/11/18)
"ECobalt Solutions Inc. announced the successful conclusion of pilot-scale metallurgical testing for the wholly-owned Idaho cobalt project in Idaho and confirmed the expected delivery of results from the optimized feasibility study by the end of September. . .after delivery of the optimized feasibility study, the company's next steps include shipment of pilot plant samples to potential offtakers, finalization of commercial terms and agreements with them as part of a project financing package and formalization of a production decision."

The company reports it is on target for commercial production to begin in 2020.
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Critical equipment and power have been delivered to site; the pouring of concrete has commenced.
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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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More Expert Comments

Experts Following This Company

Craig Hutchison, Analyst – TD Securities
Derek Macpherson, VP Mining Analysis – Red Cloud Klondike Strike Inc.
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
New Optimized Feasibility Study due in Q218.
Finalize offtake agreements and all environmental systems in place in Q218.
Commence underground development in Q318.