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Kobalt

680 Posts
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  1. [verwijderd] 20 februari 2019 14:42
    Het ziet er naar uit dat Canada Cobalt z'n naamswijziging weer ongedaan moet maken.

    Canada Cobalt Drills into Bonanza Grades at Castle

    COQUITLAM, BC, Feb. 19, 2019 /CNW/ - Canada Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada Cobalt") is pleased to announce that first-pass underground Phase 1 drilling on the first level of the Castle mine near Gowganda, 75 kilometers from Kirkland Lake, has returned multiple high-grade cobalt and silver intercepts at very shallow depths.

    Drill results have also revealed areas overlooked by historical explorers that show potential to host very high-grade "shoots" of silver and cobalt-silver mineralization, mixed with occasional nickel and gold, that may extend to considerable depths outside of historical drilling or workings.

    Highlights:

    New discovery of very high-grade silver vein structures approximately 55 meters southwest of the #3 Shaft where a silver discovery in 1979 put the Castle mine back into production for a decade - CA-18-54 cut 93.7 ounces per ton Ag (3,213 grams per tonne) over one meter including 286.3 ounces per ton (9,816 g/t) over 0.33 meters starting just 9.71 meters downhole, with the hole drilled across the structure at 25o to core axis and then bottoming in high-grade mineralization from 18.84 meters to 20.50 meters;
    385.2 ounces per ton silver (13,208 g/t), 0.67% cobalt and 3.77 g/t gold over half a meter within a broader 5.51-meter zone that also included 1.87% cobalt over 2.54 meters and 76.4 ounces per ton Ag (2,620 g/t) over a core length of 5.51 meters starting at just 1.46 meters (CA-18-02, collared near the adit entrance, was drilled perpendicular to the strike of the targeted vein structure, sub-parallel to the dip of the vein);
    All 47 assayed shallow underground test holes intersected cobalt mineralization with an impressive one-quarter of those holes returning high-grade intercepts of 1.05% to 3.7% cobalt over an average core length of 1.77 meters (true widths unknown at this time);
    A series of key initiatives, already in motion, will drive an expanded Phase 2 program to immediately build on these results and accelerate the broader 2019 corporate goal to leverage the company's proprietary Re-2OX technology simultaneously with heightened activity at the Castle mine in ways that continue to keep CCW share dilution to a minimum.
    Jacques Monette, Canada Cobalt Director and career miner, commented: "These results from our first-ever underground drilling support the interpretation that much was left behind at the Castle mine, not just cobalt but very high-grade silver. This array of high-grade intercepts at shallow levels further energizes our team as we ramp up again and implement a greatly expanded second phase of our underground strategy.

    "2018 was a pivotal year in the revitalization of the Castle mine," Monette continued, "and we look forward to achieving key new milestones in the coming months. At the height of winter, we have a very active site and another drill program kicking off this week southeast of the mine as we build on a potential high-grade gold discovery at Castle East. This is an exciting new development as the Archean rocks east of the high-grade silver mines were never tested historically."

    Next Action Steps Underground

    Immediate priority is follow-up drilling targeting high-grade "shoots" near #3 Shaft and adit entrance;
    Through discussions with Canada Cobalt's engineering consultant, and the Northern Ontario Ministry of Mines and Development, all material from the first level stopes will be dumped and removed in accordance with an amended advanced exploration permit (notably, Canada Cobalt can produce gravity concentrate on site). The stopes will then be available for back-filling with cemented tailings as part of a major new program involving Re-2OX that Canada Cobalt will be elaborating on in the very near future;
    As part of the amended exploration permit, blasting will be undertaken throughout the first level;
    Hydrogeological studies will evaluate dewatering of the remaining 10 levels of the Castle mine.
    Underground Drilling Highlight Details

    #3 Shaft Area

    Drill hole CA-18-54 hit two very high-grade silver intercepts starting just 9.71 meters downhole, 93.7 opt (3,213 g/t) over one meter including 286.3 opt (9,816 g/t) over 0.33 meters, followed by 11.8 opt (406.1 g/t) over 1.66 meters at the bottom of the hole beginning at 18.84 meters. Drilling was across these structures, with the first intercept at 25o to core axis and the latter intercept cutting a new vein at a lower angle than the first intercept. This is a new discovery where there was limited previous work - follow-up drilling will track the vein, and potential associated veins, to depth.

    Adit Entrance Discovery

    A further review of historical work in addition to Canada Cobalt drilling including updates of previously released preliminary data, suggests a silver-cobalt rich vein intersected near the adit entrance in the first three drill holes may also extend much further to depth. CA-18-02 was one of several holes that attempted to follow the vein from a series of inclinations from approximately the same drill set-up through the Nipissing Diabase toward the second level in order to test grade potential. Veining is irregular, so contacts averaged approximately 25 degrees to core axis (refer to Nov. 2, 2018 news release).

    High-Grade Cobalt Values Confirmed

    For the first time at the Castle mine, high-grade cobalt values, along with occasional nickel and gold, have been confirmed through drilling to exist in vein structures, and as much as 174 meters apart (collar to collar) from near the adit entrance (23 meters below shaft collar) to the #3 Shaft area.

    Multiple Target Areas Throughout Expansive First Level

    Phase 1 drilling has provided the Canada Cobalt geological team with multiple highly prospective new targets for detailed follow-up utilizing a more versatile and powerful drill rig that can track high-grade veins to depth. Many vein structures have yet to be tested. Based on historical mining data, veins at Castle are known to pinch and swell and move in and out of high-grade and lower grade mineralization over considerable distances. The first level (there are 11 in total) is in excellent condition with a footprint of 365 meters east-west and 360 meters north south. A total of 58 holes were completed (47 have been assayed) in Phase 1, totaling 675 meters. A table of assay highlights/details will be posted on the Canada Cobalt web site.

    Canada Cobalt Adds $500,000 From Exercise of Warrants

    Canada Cobalt has received approximately $500,000 from the exercise of warrants over the past two months and will continue its Northern Ontario Cobalt Camp leading practice of keeping share dilution to a minimum while aggressively advancing its exploration and development strategies in a cost-effective manner.
    ceo.ca/@newswire/canada-cobalt-drills...
  2. [verwijderd] 26 maart 2019 17:17
    Scientists find new way to power electric cars using cobalt
    Valentina Ruiz Leotaud | 2 days ago |

    Researchers at the University of Massachusetts Lowell developed a technique that uses only water, carbon dioxide and cobalt metal particles that have surface nanostructures measuring billionths of a meter in size, to produce hydrogen on demand at relatively low temperature and pressure and to use to power the next generation of electric vehicles.

    According to David K. Ryan, the project's principal investigator, hydrogen can be used in fuel cells, which combine hydrogen with oxygen from the air to produce electricity at up to 85% efficiency.

    “Other investigators have used all kinds of methods to produce hydrogen, such as electrolysis, natural gas reforming and even metals such as zinc, iron and nickel with acids, but not catalytically with cobalt," Ryan said in a media statement. "The carbonate is involved in the reaction but it doesn’t change or get consumed; it just helps facilitate the conversion of the cobalt metal to cobalt oxide, and this conversion produces the hydrogen and carbon dioxide.”

    Chemistry Prof. David Ryan, right, and graduate student Ahmed Jawhari examine a prototype of their invention that produces hydrogen gas cleanly and efficiently. Photo by University of Massachusetts Lowell.

    The scientist explained that the experimental setup consists of a stainless steel canister filled with cobalt. A carbonate solution made from carbon dioxide and water is pumped through the canister and then warmed up to about 150 degrees. The solution is also compressed to about three atmospheres, or 45 pounds per square inch, which is about the same pressure as in a car tire.

    “Under these relatively low-temperature and modest-pressure conditions, we were able to produce hydrogen efficiently, to nearly 70%. Subsequent work has allowed us to produce hydrogen at greater than 95% purity,” Ryan said.

    The researcher explained that in an electric car, the hydrogen from the canister can go directly to the fuel cell, where it is mixed with oxygen from the atmosphere to produce electricity and water. The water can then be looped back into the canister and mixed with the carbonate to form the catalytic solution. The electricity produced by the fuel cell can be used to power the canister’s pump, heater and compressor, as well as the car’s electric motors, rechargeable storage battery and headlights.

    “This process doesn’t store any hydrogen gas, so it’s safe and poses no storage or transportation issues. Once you stop the flow of the carbonate solution or release pressure in the reaction chamber, the hydrogen production stops, so hydrogen is produced only as needed,” Ryan said.

    The experts suggested that once the cobalt metal in the canister is used up – that is, converted to cobalt oxide – the car driver can swap out the canister with a new one every 300 to 400 miles. The cobalt in the old canister can then be regenerated, using a renewable energy source such as wind or solar.

    “So instead of going to a gas station to get a fill-up, you can go to a ‘refueling’ station and get a new canister. You can also bring extras for long trips,” Ryan said.

    www.mining.com/scientists-find-new-wa...

  3. forum rang 10 DeZwarteRidder 8 juni 2019 11:41
    www.fd.nl
    -----------------------
    De vloek van het kobalt

    De grondstof is onmisbaar voor de productie van onze elektrische auto’s, en daarmee voor een schonere lucht. Maar het delven ervan gebeurt vaak onder mensonterende omstandigheden. Het FD reisde naar de kobaltmijnen van Congo. ‘De Chinezen manipuleren de weegschalen!’
  4. Piet Bakker 18 juni 2019 19:11
    Overnamebod op Cobalt27 voor C$ 5,75, bestaande uit c$ 3,57 cash en C$ 2,18 uit een nieuw te creëren aandeel.

    Het bod is een lachertje. De kopers houden zelf de fysieke voorraad cobalt (per eind mei 2019 (ongeveer waard cS 147 mln), de stream in de Vale mijn (op de balans per 30/3 gewaardeerd op $ 225 mln, dat is ongeveer c$ 300 mln) en de cash. De rest hevelen ze over naar Nickel 28, het nieuwe aandeel.

    Aan cash betalen ze 85mln aandelen a 3,57 is cS 300 mln. De voorraad cobalt en de Vale stream zijn c$ 450 mln waard. Tel uit je winst.

    Cobalt27 doet nu CS 4,20.
  5. Piet Bakker 18 juni 2019 19:36
    Kleine aanvulling: ze houden ook de schuld voor de overname van Higlands Pacific (de Remu mijn). Ik weet niet hoe groot die is. De overname van Highlands kostte ca cS 96 mln. Die is betaald met cash en schuld. Per 31/3 was de cash ca C$ 40 mln. Zeg c$ 70 mln schuld (schatting). Zijn de kopers nog steeds spekkoper.
  6. [verwijderd] 19 juni 2019 10:00
    een lachertje als je langs de zijlijn staat, de aandeelhouders zouden terecht pissed off mogen zijn. Nu, het staat iedereen vrij een bod te doen, dus ik wijs Pala niet met de vinger (enkel dan voor de belachelijke 'waardering' van 2.18. KBLT mgmt laat hier zien dat het echt schurken zijn.
  7. fiesta 19 juni 2019 10:30
    quote:

    easy56 schreef op 19 juni 2019 10:14:

    schering en inslag in grondstof sector dit soort verhalen.

    vooral bij de kleinere fondsen.
    En zo is het. De kleine aandeelhouder heeft bijna altijd het nakijken. Willem Middelkoop gaat ook altijd zo prat op al zijn overnames maar het levert alleen bitter weinig op. Alleen die risico’s mag je dragen.
  8. forum rang 10 DeZwarteRidder 19 juni 2019 12:14
    quote:

    Omnius schreef op 19 juni 2019 11:49:

    hmm was gisteren in eerste instantie blij met het nieuws; dacht wat van het verlies goed te maken, maar dit stinkt inderdaad.

    verwachtten jullie een hoger bod nog, of is dit handjeklap met huidige grootaandeelhouders / management?
    Ik denk niet dat dit doorgaat.
  9. Piet Bakker 19 juni 2019 16:21
    Cobalt27 had de Zwitsers ook gewoon hun voorraad Cobalt (per eind mei c$ 127 mln, en niet zoals ik eerder schreef 147 mln) en de Vale stream kunnen verkopen (>c$ 300 mln). Dat is wat de Zwitsers nu ook kopen/houden. Zeg samen c$ 425 mln. Dat is c$ 5 per aandeel. Schuld ivm Higlands aflossen (zeg c$ 70 mln, dat is 85 ct p/a). Resteert c$ 4,15 cash per aandeel. Cobalt27 wijzigt zijn naam in Nickel28. Zelfde resultaat en aanzienlijk meer dan de geboden c$ 3,57 cash.
    En passant brengen de Zwitsers nog wat nagenoeg waardeloze aandeeltjes is, maar dat mag geen naam hebben.

    Ik verwacht ook niet dat het doorgaat.
  10. Piet Bakker 19 juni 2019 19:37
    'The future is nickel': Cobalt 27 sells off its namesake metal after tough year
    Biggest shareholder to buy cobalt assets, new company spun off for nickel

    A core sample containing nickel.Steve Karnowski/AP Photo files
    Gabriel Friedman
    Gabriel Friedman
    June 18, 2019
    4:17 PM EDT

    Toronto-based Cobalt 27 Capital Corp. is selling out at a low point for its namesake metal, a crucial component in the lithium-ion batteries used in electric vehicles and other devices.

    The company, which stockpiles and streams cobalt, on Tuesday announced a $510-million deal that splits the company along cobalt and nickel asset lines.

    Its largest shareholder, Swiss private-equity firm Pala Investment Ltd., which owns more than 19 per cent, will pay $3.57 cash per share for the company’s cobalt assets. The rest of the shareholders will also receive equity in a new company that retains the company’s nickel assets plus $5 million in cash.

    The announcement comes after Cobalt 27’s stock has declined 64 per cent in the past year to $3.47, in concert with falling cobalt prices, which remain volatile as the market struggles to forecast the supply-and-demand picture amid soaring excitement about the potential growth of the electric-vehicle market.

    “It’s not an egregiously unfair deal based on the spot price of the metals,” said Jonathan Guy, an analyst at Numis Securities Ltd. “Many people may say that Pala is buying it out at a low in the cobalt price, but that’s why they’re doing it. They don’t think market is pricing it fairly.”

    Cobalt prices last summer exceeded US$40 per pound, but have since declined to US$12.70, according to Infomine.

    That drop sent ripples through Cobalt 27, which almost a year ago paid $300 million in cash for a 32.6-per-cent stream on the cobalt from Vale SA’s proposed Voisey Bay Mine expansion. This March, it recorded a $68.8-million impairment related to that deal.

    Anthony Milewski, Cobalt 27’s chief executive and chairman, and others have attributed cobalt’s price decline to unexpected production from “artisanal” miners in the Democratic Republic of Congo — meaning individuals who are not formally associated with any mine — and also a de-stockpiling of cobalt in China.

    Some analysts say the pace of the decline has been falling in recent months, but many believe any recovery will take awhile.

    “Our view calls for an increase in cobalt over the next three to four years,” said Colin Healey, an analyst at Haywood Securities Inc. “But an immediate cobalt bounce doesn’t seem likely.”

    Milewski used to work at Pala, which was one of Cobalt 27’s initial investors, and the deal includes a termination fee to Pala of between $15.5 million and $17 million.

    He said the deal provides Cobalt 27 shareholders with an exit point.

    The deal pegs the shares in the spinout company — to be called Nickel 28 (nickel is No. 28 on the periodic table) — at $2.18, which when combined with $3.57 in cash theoretically offers shareholders $5.75 per share.

    “It’s a 60-per-cent premium,” Milewski said. “That’s a massive premium … in a declining cobalt market — that’s pretty crazy.”

    Cobalt 27’s share price jumped 20.7 per cent to $4.19 as of Tuesday afternoon.

    “Cash is cash,” said Colin Healey, an analyst at Haywood Securities Inc. “Clearly, the market isn’t giving (Nickel 28) full credit for $2.18.”

    Several analysts said they were still trying to determine how the value of the deal was estimated and what exactly Nickel 28’s strategy would be.

    Milewski said the new company’s main asset is an 8.56-per-cent joint-venture interest in Ramu, a nickel mine in Papua New Guinea. It also has royalty streams on potential nickel mines, including Royal Nickel Corp.’s Dumont mine in Quebec, and stakes in nickel companies.

    The Ramu mine provides about $25 million in annual cash flow, said Justin Cochrane, Cobalt 27’s chief financial officer. But he said the joint venture needs to pay off about $110 million in debt.

    Under the proposed deal, Milewski and his management team retain their positions at Nickel 28.

    Like cobalt, nickel is a crucial component in lithium-ion batteries and may become more so as technology evolves.

    “Look, I think the future is nickel,” Milewski said, adding price pressure will increase.
  11. Piet Bakker 19 juni 2019 23:49
    Wacht. Ik geloof dat ik een rekenfout heb gemaakt met de Remu mijn.
    Als ik het goed bereken, levert het 8,56% aandeel een cashflow op van meer dan 30 mln us$ (=40 mln c$) op.

    Cobalt27 heeft het 8,56% aandeel zeer recent gekocht, voor us$ 64 mln. Dat lijkt dan op her eerste gezicht belachelijk goedkoop. Maar. Er lijkt een flinke schuld in de joint Venture te zitten, sowieso 115 mln aan zgn partnerloans. Als Cobalt27/nikkel 28 die aflost, breiden ze hun belang uit tot 11,3%. (Dat lijkt op het eerste gezicht erg duur).

    Ik kan er dus even geen wijs uit. Misschien dat die c$ 2,18 toch niet helemaal irreëel is. Ik zoek verder.

  12. Piet Bakker 20 juni 2019 00:08
    Aanvulling.

    In het persbericht staat de 2,18 als volgt omschreven:
    “The C$2.18 implied value of each Nickel 28 share is based on the value ascribed to each asset by Cobalt 27, being the price paid at the time each was acquired with the exception of the Dumont Royalty which is valued at 0.4x NAV at 8% cost of capital based on the Dumont 2019 Feasibility Study as disclosed by Royal Nickel Corporation on May 30, 2019, plus cash on balance sheet and market value of shares held.”

    Dat kan ik echter niet plaatsen. Zeg dat Nickel28 75 mln aandelen krijgt. Cobalt27 heeft er 85 mln, maar het aandeel van de Zwitsers daalt van 19% in Cobalt27 naar 4,9mln in Nickel28, dus minder aandelen nodig bij 1 op 1 uitreiking.
    75mln maal 2,18 is c$ 163 mln.
    Maar Cobalt27 lijkt veel minder te hebben betaald voor die deelnemingen.

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