Cobalt Work Programs are Now Underway!
Thank you for your interest in Cruz Cobalt Corp. As you can see there are many compelling reasons to look at Cruz Cobalt Corp immediately. Cruz has recently hired experienced geologists to begin operations on our Ontario, Idaho, and Montana projects. Cruz has recently completed an airborne survey over our four Ontario cobalt prospects and we look forward to uncovering some additional data that may provide new cobalt targets as well as tightening up our current areas of focus.
According to President James Nelson, “Cruz employed early mover advantage as Cruz has been able to acquire, what we feel is one of the best collections of high grade cobalt prospects in North America before the majority of the recent cobalt entrants were in the space. Cruz currently has Seven cobalt projects located in Canada, one in Idaho and one in Montana. Cruz’s 4 separate Ontario cobalt prospects are all located in the vicinity of the city of Cobalt making Cruz on of the largest land holders in this emerging cobalt district. Cruz’s Ontario projects include the 900-acre Coleman Cobalt Prospect, the 900-acre Johnson Cobalt Prospect, the 1480-acre Bucke Cobalt Prospect and the 5500-acre Hector Cobalt Prospect. Our 4935-acre War Eagle Cobalt Prospect in British Columbia covers a past producing mine. Based on these projects, management feels that Cruz has amassed a quality portfolio of cobalt assets that have some of the highest historic cobalt grades in North America, which sets Cruz apart from most cobalt companies in the junior space.”
“We feel that 2017 will be a break out year for cobalt prices and Cruz is well positioned to take full advantage of this. Cruz has the money already raised to commence full operations on these projects with our goal to make Cruz the ‘go-to’ North American Cobalt project generator and developer. 2017 will be an extremely active period for Cruz and management is optimistic about what will be discovered by Cruz on our cobalt properties.” states President Nelson.
Cruz has had one property transaction to date in line with the project generator and developer model. Cruz vended an Idaho Cobalt Property to US Cobalt Inc (USCO–TSX.v, SCTFF–USA) formerly named Scientific Metals Corp (STM–TSX.v, SCTFF–USA) in late 2016.
Cruz is fully cashed up and expects to commence operations on multiple projects in both countries shortly.
Cobalt prices have increased significantly over the past 12 months and are now breaking out to new 9-year highs. We feel that cobalt prices could have the same type of parabolic move like lithium has had. Similar dynamics that have driven lithium prices higher are present in cobalt, and that is why Cruz established itself at the early stages of this sector move by securing multiple high grade cobalt project.
Here is a good graphic explaining the battery make up and how cobalt fits in:
Here is a link to a recent article reporting about the mining of cobalt in Africa. As you can see this is why we are focused on developing and acquiring high grade projects in politically stable, environmentally responsible and ethical mining jurisdictions: