Base and Battery Metals Snapshot: Eight companies pursuing critical minerals
Amidst a growing move towards electrification and emerging concerns about the sourcing of raw materials, base and battery metals exploration and development assets in North America are on investors’ radar screens. Below, we provide an overview of eight companies in the space.
Canada Nickel
Crawford nickel-cobalt project in Ontario. Credit: Canada Nickel Company.
After listing on the TSX Venture exchange in March 2020, Canada Nickel Company (TSXV: CNC; US-OTC: CNIKF) is working to deliver a feasibility study on its Crawford nickel-cobalt sulphide project in the Timmins mining camp by the end of this year.
Base and Battery Metals Snapshot: Eight companies pursuing critical minerals
The mine entrance at the Teledyne project in Cobalt, Ontario. Credit: Fuse Cobalt.
Amidst a growing move towards electrification and emerging concerns about the sourcing of raw materials, base and battery metals exploration and development assets in North America are on investors’ radar screens. Below, we provide an overview of eight companies in the space.
Canada Nickel
After listing on the TSX Venture exchange in March 2020,
Canada Nickel Company (TSXV: CNC; US-OTC: CNIKF) is working to deliver a feasibility study on its Crawford nickel-cobalt sulphide project in the Timmins mining camp by the end of this year.
Last week’s top-gaining mining stocks on the TSXV were Fuse Cobalt, American Manganese, Pure Energy Minerals, Cornish Metals and Ucore Rare Metals.
It was a week of upward momentum for the S&P/TSX Venture Composite Index (INDEXTSI:JX), which started the period at 917.91 and ended at 947.08.
Gold was also on the rise during the five day period as stimulus talk from new US President Joe Biden stoked inflation anticipation. The metal is still lower than where it was at the start of January.
Base metals enjoyed a strong week too, with copper passing US$8,000 per tonne again.
Cornish Metals (TSXV:CUSN)
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VANCOUVER, B.C., Jan. 20, 2021 /PRNewswire/
Fuse Cobalt Inc. ( the Company or Fuse ) (TSXV: FUSE), (OTC: FUSEF), (FRA: 43W3) is pleased to announce that on December 22 2020, the government of Canada and the government of Ontarioannounced a joint $10-million investment in the First Cobalt Corp. refinery in Cobalt Ontario. Significantly, this refinery is located approximately 1500 m west of Fuse Cobalt s cobalt mineral exploration property and inside the historic silver-cobalt producing region of Ontario.
Furthermore, on Jan 12, 2021, First Cobalt also finalized a new supply arrangement with Glencore plc (LSE: GLEN) along with a tentative pact with a unit of China Molybdenum Ltd, in which First Cobalt will receive 4,500 tonnes of cobalt hydroxide per year from the Democratic Republic of the Congo for use in its northern Ontario refinery beginning in 2022. This supply contract is significant for the region because it will assist the refinery to become fully operational, and