Issue link: http://resourceworld.uberflip.com/i/1078872
F E B R U A R Y / M A R C H 2 0 1 9 www.resourceworld.com 29 The emphasis on precious metals is a key differentiator that sets Wheaton apart from Cobalt 27 Capital. With a focus on battery metals, Cobalt 27 has established itself as a vehicle for investors in the junior mining sector who are seeking to capitalize on the boom in demand for mobile con - sumer devices and electric vehicles. However, the company is also an invest- ment alternative for people interested in investing directly in cobalt. It holds 2,905.7 tonnes of physical cobalt, material that is stored in metal drums. "We are committed to becoming a proxy for the large-scale transition to battery-based electric vehicles and energy storage systems. We are also intensely focused on accel - erating near-term cash flow from battery metals streams and royalties,'' said Cobalt 27 Chairman and CEO Anthony Milewski. "Many investors are starting to real- ize that the basic materials that comprise electric vehicles and their batteries, the knock-on effect of electrification on the power grid, as well as energy storage systems are going to have tremendous demand growth in the coming years and present a unique investment opportunity," said Milewski. "In particular, copper, lithium, nickel and cobalt will benefit from the batteries that power electric vehicles,'' he said. The benefits of streaming and royalty transactions were clearly demonstrated when RNC Minerals Corp. [RNX-TSX] announced in September 2018, that it had found a 95-kilogram specimen of rock at its Beta Hunt Mine in Australia, containing 2,400 ounces of gold worth an estimated $4 million, and another 65-kilogram specimen with an estimated 1,600 ounces worth $2.6 million. At the time of the announcement, RNC had been on the verge of selling the property. This was good news for Maverix Metals, which owns a 6.0% gross revenue royalty and a 1.5% net smelter return royalty on all gold produced form the Beta Hunt Mine. "We are very excited to be able to participate in the success of this world- class discovery," said Maverix President and CEO Daniel O'Flaherty. Maverix was founded in 2016 by O'Flaherty and current Chairman Geoff Burns. In July 2016, the company acquired a package of 13 royalties and precious metal streams from Pan American Silver Corp. [PAAS-TSX, NASDAQ] and began trading on the TSX Venture Exchange shortly after. Since its inception, Maverix has acquired a portfolio of 79 royalties and streams across 15 countries, of which 11 of the underlying mines are currently producing, including a silver stream from the Moss Mine of Northern Vertex Mining Corp. [NEE-TSXV] which achieved commercial production in September 2018. For the nine months ended September 30, 2018, Maverix reported total attribut - able gold equivalent production of 15,236 ounces. Based on existing royalties and streams, the company is likely to exceed previously announced guidance of 18,000 to 19,000 ounces. "Maverix continues to have a strong DELIVERING PROFITABILITY BRUCEJACK MINE HIGH-GRADE GOLD IN NORTHERN BC MINING