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www.eCobalt.com TSX: ECS | OTCQB: ECSIF | Frankfurt: ECO E s s e n t i a l P o w e r . . . I n f i n i t e P o s s i b i l i t i e s Idaho Cobalt Project (ICP) The ICP is 100% owned by the eCobalts’s wholly owned subsidiary, Formaon Capital Corporaon, U.S. The ICP is expected to be an underground mine and mill, exploing the Company’s Ram deposit, located within the Idaho Cobalt Belt outside the town of Salmon, Idaho. Addionally, the Cobalt Producon Facility (“CPF”), a hydrometallurgical rening operaon located on a railhead in Blackfoot, Idaho, is expected to be built. The ICP would be a vercally integrated project designed to produce cobalt chemicals for the rechargeable baeries market in addion to by-products of copper concentrate, copper sulphate, magnesium sulphate and gold. Pre-construcon acvies are underway in preparaon for project construcon and mine development conngent upon successful project nancing. The project’s main compeve strengths are having a primary cobalt deposit located in the United States and a high reserve grade when compared to other exisng sources of cobalt located globally. The feasibility study highlights mulple opportunies to enhance the economics of the project and these include expansion of the resource, opmizaon of the mine plan to process higher grade material and detailed engineering at the CPF to further reduce risk and improve capital and operang costs. In excess of $110 million has been invested in the project to date including exploraon, development, perming and construcon with the following milestones: Stages I & II of construcon completed – 2013 Successful bench tests to produce Cobalt Sulphate Heptahydrate – March 2016 Iniaon of Feasibility Study to assist in securing mine nancing - June 2016 $100 million Preliminary Base Shelf Prospectus received – January 2017 Closed $17.25 million bought deal nancing – February 28, 2017 Pre-construcon underway in ancipaon of nancing – Summer/Fall 2017 Posive Feasibility Study results for the ICP – September 27, 2017 The results from the September 27, 2017 Feasibility study using a Cobalt price of $26.65 are as follows (all in USD): Pre-tax NPV $176.9M, IRR 25.1% Post-tax NPV $135.8M, IRR 21.3% Discount rate 7.50% Inial Capex $186.7M Life of Mine 12.5 years LOM Gross Revenue $1.129B LOM Avg net cash cobalt producon cost $5.05/lb Pre-tax inial Capex payback 2.9 years LOM Cobalt producon 31,767,000 lb LOM Copper producon 57,384,700 lb www.eCobalt.com TSX: ECS | OTCQB: ECSIF | Frankfurt: ECO I d a h o C o b a l t P r o j e c t a d v a n c e d s t a g e n e a r t e r m p r o d u c t i o n p o t e n t i a l * P o s i t i v e F e a s i b i l i t y S t u d y r e l e a s e d E t h i c a l l y p r o d u c e d & e n v i r o n m e n t a l l y s o u n d R a p i d g r o w t h i n w o r l d w i d e c o b a l t d e m a n d a s s u p p l y d e f i c i t l o o m s R e c h a r g e a b l e b a t t e r i e s a n d t h e r e n e w a b l e e n e r g y m a r k e t d r i v i n g c o b a l t d e m a n d *Upon successful compleon of mine nancing eCobalt Solutions Inc. is committed to providing ethically produced and environmentally sound battery grade cobalt salts, essential for the rapidly growing rechargeable battery and renewable energy sectors, made safely, responsibly, and transparently in the United States.

TSX: ECS | OTCQB: ECSIF | Frankfurt: ECO · rechargeable batteries market in addition to by-products of copper ... TSX: ECS | OTCQB: ECSIF | Frankfurt: ECO ... • Rapid growth in

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Page 1: TSX: ECS | OTCQB: ECSIF | Frankfurt: ECO · rechargeable batteries market in addition to by-products of copper ... TSX: ECS | OTCQB: ECSIF | Frankfurt: ECO ... • Rapid growth in

www.eCobalt.com TSX: ECS | OTCQB: ECSIF | Frankfurt: ECO

Essential Power...Infinite Possibilities

Idaho Cobalt Project (ICP) The ICP is 100% owned by the eCobalts’s wholly owned subsidiary, Formation Capital Corporation, U.S. The ICP is expected to be an underground mine and mill, exploiting the Company’s Ram deposit, located within the Idaho Cobalt Belt outside the town of Salmon, Idaho. Additionally, the Cobalt Production Facility (“CPF”), a hydrometallurgical refining operation located on a railhead in Blackfoot, Idaho, is expected to be built. The ICP would be a vertically integrated project designed to produce cobalt chemicals for the rechargeable batteries market in addition to by-products of copper concentrate, copper sulphate, magnesium sulphate and gold.

Pre-construction activities are underway in preparation for project construction and mine development contingent upon successful project financing. The project’s main competitive strengths are having a primary cobalt deposit located in the United States and a high reserve grade when compared to other existing sources of cobalt located globally. The feasibility study highlights multiple opportunities to enhance the economics of the project and these include expansion of the resource, optimization of the mine plan to process higher grade material and detailed engineering at the CPF to further reduce risk and improve capital and operating costs. In excess of $110 million has been invested in the project to date including exploration, development, permitting and construction with the following milestones: • Stages I & II of construction completed – 2013 • Successful bench tests to produce Cobalt Sulphate Heptahydrate – March 2016 • Initiation of Feasibility Study to assist in securing mine financing - June 2016 • $100 million Preliminary Base Shelf Prospectus received – January 2017 • Closed $17.25 million bought deal financing – February 28, 2017 • Pre-construction underway in anticipation of financing – Summer/Fall 2017 • Positive Feasibility Study results for the ICP – September 27, 2017

The results from the September 27, 2017 Feasibility study using a Cobalt price of $26.65 are as follows (all in USD):

• Pre-tax NPV $176.9M, IRR 25.1% • Post-tax NPV $135.8M, IRR 21.3% • Discount rate 7.50% • Initial Capex $186.7M • Life of Mine 12.5 years • LOM Gross Revenue $1.129B • LOM Avg net cash cobalt production cost $5.05/lb • Pre-tax initial Capex payback 2.9 years • LOM Cobalt production 31,767,000 lb • LOM Copper production 57,384,700 lb

www.eCobalt.comTSX: ECS | OTCQB: ECSIF | Frankfurt: ECO

• Idaho Cobalt Project – advanced stage

near term production potential*

• Positive Feasibility Study released

• Ethically produced & environmentally

sound

• Rapid growth in worldwide cobalt

demand as supply deficit looms

• Rechargeable batteries and the

renewable energy market driving

cobalt demand *Upon successful completion of mine financing

eCobalt Solutions Inc. is committed to providing ethically produced and environmentally sound battery grade cobalt salts, essential for the rapidly growing rechargeable battery and renewable energy sectors, made safely, responsibly, and transparently in the United States.

Page 2: TSX: ECS | OTCQB: ECSIF | Frankfurt: ECO · rechargeable batteries market in addition to by-products of copper ... TSX: ECS | OTCQB: ECSIF | Frankfurt: ECO ... • Rapid growth in

Electric Vehicles and Renewable Energy will increase future Cobalt demand

• Cobalt market expected to tighten due to combination of robust demand and absence of definitive project pipelines.

• Electric vehicles (EV’s) and Energy Storage Systems (ESS’s) projected to more than double cobalt demand.

Automakers and governments worldwide have announced significant policies and financial investments in producing Electric Vehicles and/or Energy Storage Systems in the next several years, most notably:

• Tesla: US$5 billion Gigafactory ahead of schedule. Ramp up production to 500,000 EV’s in 2018. Swiss Engineers ABB to build Europes largest Lithium-Ion Battery plant in Sweden. At least 12 other Gigafactories currently being built.

• Volkswagen looks to secure long term cobalt supply contract as they expect to produce up to 3mm electric vehicles by 2030 and offer 80 EV models across all 12 brands by 2030.

• Worlds largest Lithium-Ion battery installed in Southern California to enhance regional energy reliability, Sept. 2017.

• France and the UK to stop production of internal combustion engines by 2040, Norway by 2030. India aims to have 44% of vehicle fleet electric by 2030. China’s auto industry to sell 7mm EV’s annually by 2025.

SHARE STRUCTURE (Sept. 30, 2017)

Shares Issued ~131.6 Million

Fully Diluted ~150.4 Million

TREASURY (August 31, 2017 )

Cash and Cash Equivalents C$16.14M

Working Capital C$15.93M

The Company has no long-term debt

Analyst Coverage:

VIII Capital - David Talbot, Sept. 27, 2017

Canaccord Genuity – Eric Zaunscherb, Sept. 28, 2017

CONTACT INFORMATION

eCobalt Solutions Inc.

1810-999 West Hastings St.

Vancouver, B.C., Canada,

V6C 2W2

604.682.6229

[email protected]

www.ecobalt.com

The technical information provided in this fact sheet was reviewed and approved by E.R. (Rick) Honsinger, P. Geo, Vice President of the Company and a Qualified Person (QP) for the purposes of

Canadian National Instrument 43-101. DISCLAIMER: This fact sheet contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the

meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements. Information concerning

mineral resource estimates also may be deemed to be forward-looking statements. Although eCobalt Solutions Inc. (ECS) believes that such statements are reasonable, it can give no assurance

that such expectations will prove to be correct. ECS cautions investors that any forward- looking statements by ECS are not guarantees of future results or performance, and that actual results

may differ materially from those in forward looking statements as a result of various factors. All of ECS’s Canadian public disclosure filings may be accessed via www.sedar.com and readers are

urged to review these materials, including the technical reports filed with respect to ECS’s mineral properties.

MANAGEMENT

Paul Farquharson, B.B.A

Marc Tran, CPA, CGA, B.Comm, B.A

E.R. (Rick) Honsinger, P.Geo., B.Sc.

Floyd Varley, B.Sc.

BOARD OF DIRECTORS

David Christie, P. Geo.

Paul Farquharson, B.B.A.

Gregory Hahn, CPG, B.A., M.S.

Scott Hean, ICD.D

Rob Metka, BSc., Mech. Eng., M.Sx.

David Smith, M.Sc., P.Eng., C.Dir.