A publicly traded Canadian exploration company listed on the TSX Venture Exchange (CPO.V), Cobalt Power seeks to acquire exploration and/or near term production cobalt assets in mining-friendly jurisdictions. As such, beginning in mid-2016, the company announced the acquisitions of the Smith Cobalt & extensions, Proteus, and Kirk Lake, properties in the Cobalt, Ontario region of Canada.
Lithium-ion battery powered transportation and communication are creating an expanding, permanent global market for energy metal commodities (lithium, cobalt, and graphite). Cobalt prices are expected to rise accordingly, driven by rapidly growing global demand for renewable energy systems, as cobalt is a key component in lithium-ion batteries.
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