Idaho Falls Citizen Journalism

ECOBALT SOLUTIONS COM NPV (OTCMKTS:ECSIF) may have been flying under the radar, but this is a stock with eye-popping steady bullish performance over the past 18 months. ECSIF shares have consistently plowed higher in a steady move that has seen over 1,900% upside in that time. The company has been levered to the cobalt boom, which explains the strength. But this is an interesting angle on that story.

The company just announced positive economics from the Feasibility Study of the Company’s Idaho Cobalt Project, “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 and a weighted average annual production of 2.4M lbs of cobalt, 3.3M lbs of copper and 3,000 oz of gold over a 12.5 year mine life with an estimated pre-production period of 24 months utilizing a 0.25% cobalt cut-off grade. The economic model uses a 34% corporate tax rate and a 7.5% discount rate, resulting in an after-tax NPV of $135.8M and an IRR of 21.3% using an average base case price of $26.65/lb for contained cobalt in cobalt sulphate.”

ECOBALT SOLUTIONS COM NPV (OTCMKTS:ECSIF) trumpets itself as a company committed to providing a unique opportunity for consumers to acquire an ethically sourced, environmentally sound, transparent supply of battery grade cobalt salts, essential for the rapidly growing rechargeable battery and renewable energy sectors, produced safely and responsibly in the United States.

The company is dedicated to the principles of environmentally sound mining and refining practices. Through its wholly-owned subsidiaries, it has interests in base and precious metals and uranium projects in Canada, United States and Mexico.

The Company’s primary asset is the 100% owned, fully NEPA permitted Idaho Cobalt Project (ICP). It is America’s only primary cobalt deposit. The ICP is comprised of the mine and mill near Salmon, Idaho and the proposed cobalt production facility for refining ICP mine concentrate in Blackfoot, Idaho. The ICP mine site is now fundamentally prepared to commence underground development contingent on successful conclusion of mine financing.

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