The EV Market Is On Fire and (STOCK: FUSEF) Could Potentially Deliver On The Massive Cobalt Demand!
Right now there is a massive shortage on the cobalt supply chain.
June, 2020 The Financial Post published an article “TESLA strikes a deal to buy cobalt from Glencore ahead of future supply squeeze.”
News Release: Fuse Cobalt re-acquired Glencore Bucke and Teledyne Cobalt properties in Ontario, Canada.
The last time investors ran into shortage problems, cobalt stocks exploded.
Vale popped from $4.40 to $14.32
Umicore exploded from $7 to $15.50
By 2025, EVs could account for a third of all auto sales. (Source 2)
By 2030, EVs could surpass internal combustion engine vehicles with a market share of 51%, according to a new study from the Boston Consulting Group. (Source 3)
Some analysts note global production of EVs could top four million, rising to 12 million in the next five years, say analysts at Deloitte. From there, demand could top 21 million by 2030. (Source 4)
Do you know what that means? To produce that many electric vehicles – under heavy demand – the world must have cobalt. Without it, the electric vehicle boom dies in its tracks.
After all, cobalt is one of the most critical materials in an electric vehicle.
Cobalt is needed in EV batteries to stabilize “the cathode structure and allowing cells to be charged and discharged at higher rates without overheating or generating large amounts of oxygen which can create a fire risk,” as noted by The Drive. (Source 6)
Catalyzing cobalt further, “The production of minerals such as graphite, lithium and cobalt could increase by nearly 500 percent by 2050” to meet demands for new technologies, including EVs, according to The World Bank, as noted by Forbes.
What makes cobalt even more attractive is Tesla.
With demand only expected to surge, much like it did in 2017 and 2018, Elon Musk wants to buy up to 6,000 tons of cobalt from Glencore for lithium-ion batteries. (Source 5)
With demand only picking up speed, the world needs to get its hands on this supply now.
Cobalt Prices Are on The Move Again…
And the timing couldn’t be better for Fuse Cobalt (STOCK:FUSEF).
All as demand for cobalt – a major component of the EV boom – is forecast to explode – again.
Fuse Cobalt Inc. is an exploration stage company that engages in the acquisition, exploration, and development of energy metal projects, including:
The Glencore Bucke Property
Fuse owns a 100% interest its Glencore Bucke Property, situated in Bucke Township, 6 km east-northeast of Cobalt, Ontario, subject to a back-in provision, production royalty and off-take agreement. The Glencore Bucke Property consists of 16.2 hectares and sits along the west boundary of Fuse’s Teledyne Cobalt Project.
In 2018, the company formally completed its obligations to Glencore Canada Corporation under a Mineral Property Acquisition Agreement. 
Under the property agreement, Fuse Cobalt acquired 100% interest in mining rights for patent #585 (the Glencore Bucke property) situated in Bucke Township, 6 km east-northeast of Cobalt, Ontario. The Purchase Agreement includes a back-in provision, production royalty and an off-take agreement in favor of Glencore.
Strategically, the Glencore Bucke property consists of 16.2 hectares and sits along the west boundary of LiCo’s Teledyne Cobalt Project that covers the southern extension of the former producing 15 Vein on the past-producing Agaunico Mine Property. Historically, the Agaunico Mine produced 4,350,000 lbs. of cobalt and 980,000 oz. of silver during the mining boom of the early 1900’s (Cunningham-Dunlop, 1979).
The Teledyne Project
The Company also owns a 100% interest, subject to a royalty, in the Teledyne Project which consists of 785 hectares of land and is also located near Cobalt, Ontario. The Teledyne Property adjoins the south and west boundaries of claims that hosted the Agaunico Mine, a former producer of both silver and cobalt. The property consists of 5 patented and 8 unpatented mining claims covering an area of approximately 607.1 ha.
With cobalt demand only increasing on the EV boom, Fuse Cobalt (STOCK:FUSEF) has become one of the top stocks to consider.
Symbol: FUSEF
Company: Fuse Cobalt
Latest News: https://fusecobalt.com/category/2020-news-releases/
Company Website: https://fusecobalt.com
Fuse Cobalt (STOCK:FUSEF) is already capitalizing on Increased Cobalt Demand
“Recall that not that long ago, our past drilling results on our Properties revealed Intersections of 21.9% Cobalt Over 0.36 m and 18.7 % Cobalt Over 0.15 m at Teledyne Property, and Intersections of 8.42 % Cobalt over 0.30 m on the Glencore Bucke Property (News Release Jan 17, 2018). These are spectacular results. These results along with other high-grade cobalt drill results found during past exploration programs, are the reason why we are excited to continue to work on our Properties,” said President and CEO, Robert. Setter.
“Long-term, the Company believes in the market for Cobalt and we will continue to explore and develop our Properties in Ontario They are important Company assets largely because of the emergence of the overall Electric Vehicle market and the need for new global sources of Cobalt. For example, a Tesla Model S needs 51 lbs. of Cobalt for its battery and Cobalt is an essential component in a lithium ion rechargeable battery.”
“Electric Vehicles are expected to drive a large part of this increased future metal demand. This market is projected to grow from a small number today to 140 million vehicles by the year 2035. Because of this demand, our neighbor in Ontario is restarting North America’s only licensed Cobalt refinery, and is working alongside a mining and commodities giant Glencore that announced a $45 million investment.”
“We are expecting that this refinery, once operational, will provide a nearby facility to refine regional Cobalt. Fuse has an existing offtake agreement in place with Glencore which is an important consideration going forward. The future for Cobalt seems solid and Fuse management is extremely positive on future demand for this critical metal.”
Why Consider Fuse Cobalt Right Now
There are plenty of reasons to pay close attention to Fuse Cobalt (STOCK:FUSEF).
For one, by 2025, EVs could account for a third of all auto sales. By 2030, EVs could surpass internal combustion engine vehicles with a market share of 51%, according to a new study from the Boston Consulting Group. All will require a good deal of supply, which is where Fuse Cobalt comes into play.
Two, with demand only expected to surge, much like it did in 2017 and 2018, Elon Musk could buy up to 6,000 tons of cobalt lithium-ion batteries.
Three, Fuse has an existing offtake agreement in place with Glencore which is an important consideration going forward. The future for Cobalt seems solid and Fuse management is extremely positive on future demand for this critical metal.
Source 1: https://oilprice.com/Energy/Energy-General/The-Next-Stage-Of-The-Electric-Vehicle-Boom.html
Source 2: https://www.autonews.com/mobility-report/ev-sales-growing-faster-expected
Source 3: https://www.autonews.com/mobility-report/ev-sales-growing-faster-expected
Source 5: https://business.financialpost.com/commodities/mining/tesla-buys-glencore-cobalt
Source 6: https://www.thedrive.com/tech/26675/cobalts-perfect-storm-rattles-electric-car-supply-chain
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