Company Overview and News
Cobalt market news - "Electric vehicle revolution a rare investment opportunity as metals demand spikes." "BMW sees 10-fold jump in its need for battery materials by 2025." (63-1)
Cobalt miner news - Not a good month for Glencore/Katanga. eCobalt announced their FS results, and Clean TeQ changes their project name from Syerston to Clean TeQ Sunrise project. (42-0)
Zeta Resources is set to increase its position in Perth-based nickel company GME Resources to nearly 50 per cent following the acquisition of investment firm Axelrock for $50.1 million.
Investment company Zeta Resources has announced it is to purchase Axelrock, a move that will sizeably increasing its stake in three of holding company Axelrock’s subsidiaries: GME Resources (nickel-cobalt), Alliance Mining (gold and base metals) and Seacrest LP (oil and gas).
Cobalt market news - Auto manufacturers have turned their focus to the raw materials needed to feed the EV boom. (54-1)
The following slide deck was published by GME RESOURCES LTD ORD in conjunction with this event.
Cobalt market news - "China to ban sale of fossil fuel cars in electric vehicle push." (97-0)
Cobalt spot price news - Cobalt spot prices rise slightly to reach US$26.54 by June 21. "Market participants anticipate prices to increase by 20-24pc by the end of the year."
Cobalt spot price news - Cobalt spot prices rose strongly to reach US$26.31 by June 22.
Note: This article was first published on my SA Marketplace service on March 24, 2017, so the stock prices and data are as of that date.
Welcome to the March 2017 cobalt miner news. The focus will be on the cobalt miners that are in, or reasonably near, production, as well as featuring a few promising juniors each month. For a background on the cobalt miners, investors can read my earlier articles:
Cobalt miner news - Glencore CEO said "in 2018, our overall cobalt production goes into the 50,000 tonnes to 60,000 tonnes range.".
Cobalt market news - Berry: "the demand story around cobalt is real. It appears that a new long-term average price for the material will settle in the $20/lb range.".
GME Resources Ltd (ASX:GME) has received high grade gold results from the recent drilling campaign at the Murrin Murrin joint venture with Zeta Resources Ltd (ASX:ZER). The Murrin Murrin gold project is located in the North-Eastern Goldfields of Western Australia. GME is managing the project and funding $1.5 million in exploration and development costs within 24 months to earn a 50% interest in the project.
GME Resources Ltd (ASX:GME) has signed an agreement with Zeta Resources Ltd (ASX:ZER) to farm into the Murrin Murrin gold project in the North-Eastern Goldfields of Western Australia. GME will manage the project and fund $1.5 million in exploration and development costs within 24 months to earn a 50% interest in the project. On completion of the earn-in, both GME and Zeta will enter into a 50:50 joint venture to further develop the project.
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton