Issue link: http://resourceworld.uberflip.com/i/937377
Cobalt 27 Capital Corp. 4 King Street West, Suite 401 Toronto, Ontario Canada, M5H 1B6 TSXv: KBLT FSE: 27O www.co27.com Email: info@co27.com Companies featured in Corporate Profile have paid for this special promotional feature. These profiles should not be confused with our regular editorial coverage. and demand dynamics as ideally suited to streaming and royalties. As many of your readers will know, around 97% of global cobalt production is mined as a by-product of copper and nickel. However, cobalt revenues only rep- resent around 6.7% of nickel miners' total revenue and approximately 1.3% of copper miners' total revenue. Due to the relatively small percentage of total mine revenues derived from cobalt production, it is difficult to secure financing for projects based on cobalt prices alone, despite cobalt's performance as the top performing commodity of 2017. We believe cobalt will continue to be one of the best performing battery metals over the near, mid- and long-term horizons owing to its fa- vorable supply and demand fundamentals. RW – Could you tell us a little about cobalt's underlying supply and demand and why you believe this commodity is best suited to streaming and royalty fi- nancing? AM – The cobalt market is currently around 100,000 mt annually. However, according to a recent study by CRU com- modity analysts, electric vehicles are fore- casted to require 316,000 mt of cobalt by 2030, representing 314% of current global supply. When we add all the other cobalt markets, metallurgical applications primar- ily driven by the aerospace industry, etc., projected demand is estimated at up to 500,000 mt of cobalt by 2030, or 500% of global 2017 supply. As you can see, significant additional mine financing will be needed over the next 10-15 years to meet projected cobalt production demand. Existing production, mine expansion and new production will all require considerable new sources of capital, while the forecasted global cobalt supply deficit is expected to keep pressure on prices. RW – In closing, could you tell us about Cobalt 27's management and the compa- ny's objectives for 2018? AM – Cobalt 27 combines the best per- forming asset class on the Toronto Stock Exchange – metals streaming and royal- ties, with the top performing commod- ity of 2017. Cobalt 27's management has significant royalty and streaming experience and is actively pursuing cobalt streaming opportunities that could provide the Company with near- term cash flow and royalties on explora- tion-stage cobalt properties to provide longer-term optionality on the price of cobalt. Setting the induction coil for a resistivity geophysical survey at Belmont's Libby lithium brine project in the Monte Cristo Valley, Esmeralda County, Nevada. Photo courtesy Belmont Resources Inc.