VANCOUVER, Dec. 18, 2017 /CNW/ - eCobalt Solutions Inc. is reporting receipt of assays for the first two of three completed resource definition diamond drill holes which confirm intercepts above the current resource grade cut-off drilled on the Company's Idaho Cobalt Project located near Salmon, Idaho. These drill holes were recommended by Micon International Ltd. with the goal of upgrading a portion of inferred resources [...]
VANCOUVER, Dec. 14, 2017 /CNW/ - eCobalt Solutions Inc. is reporting receipt of assays for the first of three completed resource definition diamond drill holes which confirm intercepts above the current resource grade cut-off drilled on the Company's Idaho Cobalt Project located near Salmon, Idaho. These drill holes were recommended by Micon International Ltd. with the goal of upgrading a portion of inferred resources to [...]
VANCOUVER, Dec. 7, 2017 /CNW/ - eCobalt Solutions Inc. is reporting that significant progress has been made to date on optimization of the Idaho Cobalt Project resulting in a new direction to produce a clean cobalt concentrate product, an upstream precursor material for battery cathode production, that may result in material reduction of capital and operating cost at the Cobalt Production Facility . This product change [...]
VANCOUVER, Dec. 5, 2017 /CNW/ - eCobalt Solutions Inc. is pleased to announce that it will begin trading its shares on the OTCQX® Best Market under the symbol "ECSIF" effective today, as announced by the OTC Markets Group. OTC Markets Group Inc. , operator of financial markets for 10,000 U.S. and global securities, announced today that eCobalt has qualified to trade on the OTCQX® Best Market. eCobalt upgraded to [...]
VANCOUVER, Nov. 15, 2017 /CNW/ - eCobalt Solutions Inc. (ECS-TSX) ("eCobalt" or the "Company") is pleased to communicate the progress to date on the Idaho Cobalt Project's ("ICP") construction, cobalt marketing and project optimization. The ICP, located in East Central Idaho, is the only environmentally permitted, primary cobalt project located in the United States. It is 100% owned by the Company's wholly owned [...]
Economic Summary Pre-Tax NPV7.5% $176.9M Pre-Tax IRR 25.1% Post-Tax NPV7.5% $135.8M Post-Tax IRR 21.3% Corporate Tax Rate 34% Initial Capital Costs $186.7M Life of Mine 12.5 years LOM Average Co Sulphate Price $26.65/lb LOM Gross Revenue $1.129B LOM Total Net After Tax Cash Flow $331.4M LOM Average Net Cash Cobalt Production Cost $5.05/lb Pre-Tax Initial Capital Payback 2.9 years LOM Cobalt Production [...]
VANCOUVER, Sept. 27, 2017 /CNW/ - eCobalt Solutions Inc. (ECS-TSX) ("eCobalt" or the "Company") is announcing positive economics from the Feasibility Study ("FS") of the Company's Idaho Cobalt Project ("ICP"), the only environmentally permitted, primary cobalt project located in the United States. The FS is based on an underground mine with a target production rate of 800 short tons per day ("tpd") and a weighted average [...]
VANCOUVER, Aug. 9, 2017 /CNW/ - eCobalt Solutions Inc. (TSX: ECS; OTCQB: ECSIF) (the "Company" or "eCobalt") is providing an update on its Feasibility Study ("FS") and recently initiated pre-construction activities on its 100% owned Idaho Cobalt Project ("ICP") in anticipation of final FS receipt expected later in September. The ICP is the only near term, environmentally permitted and primary cobalt project located in [...]
VANCOUVER, July 11, 2017 /CNW/ - eCobalt Solutions Inc. (TSX: ECS; OTCQB: ECSIF) (the "Company" or "eCobalt") is pleased to announce the addition of Mr. Floyd D. Varley, B.Sc., M.Eng. as Chief Operating Officer ("COO") to the eCobalt team. Mr. Varley's experience, knowledge, and role will be fundamental in advancing the Company's 100% owned Idaho Cobalt Project ("ICP"). The ICP is the only near term, environmentally [...]
VANCOUVER, June 29, 2017 /CNW/ - eCobalt Solutions Inc. (TSX: ECS; OTCQB: ECSIF) (the "Company" or "eCobalt") is pleased to report the results of our Annual General and Special Meeting (AGM), held Wednesday, June 28, 2017 in Vancouver, BC. A total of 40,799,002 common shares of the 129,831,656 common shares outstanding were voted, representing 31.42% of the issued and outstanding common shares of eCobalt. Shareholders [...]
VANCOUVER, June 23, 2017 /CNW/ - eCobalt Solutions Inc. (TSX: ECS; OTCQB: ECSIF) (the "Company" or "eCobalt") is providing its shareholders with an update on the Company's Feasibility Study for the 100% owned Idaho Cobalt Project ("ICP"). The ICP is the only near term, environmentally permitted, primary cobalt project located in the United States. In 2016 eCobalt commissioned the Feasibility Study with Micon [...]
VANCOUVER, May 31, 2017 /CNW/ - eCobalt Solutions Inc. (TSX: ECS; OTCQB: ECSIF) (the "Company" or "eCobalt") is providing its shareholders with an update on the Company's Feasibility Study ("FS") for the 100% owned Idaho Cobalt Project ("ICP"). The ICP is the only near term, environmentally permitted, primary cobalt project located in the United States. Significant progress on all fronts has been made on the FS over the [...]