Edison Cobalt CEO on securing the key to the cobalt mine locked in the Edison family trust
“The Edison Cobalt mine has something that has not had exploration since 1905. This has been locked up in the family trust of the Edison family since then. It took us almost a year to extract this particular mine. Now that we are the full owners of this mine we are going to have some very significant results come out of it. We think that is really going to spur the market on with the numbers that we see coming out of this project.” states Neil Pettigrew, President & CEO of Edison Cobalt Corp. (TSXV: EDDY), in an interview with InvestorIntel Corp. CEO Tracy Weslosky.
Tracy Weslosky: Neil is with Edison Cobalt, which used to be called Power Americas. Neil I looked at your resume; very, very impressive. Have you ever actually in your exploration career found anything that is just tremendous?
Neil Pettigrew: Yes Tracy, actually when I was working with Nelson Baker on the Rainy River deposit for Rainy River Resources. I was involved with the first drill program that they did. That project went on to become the Rainy River Mine right now. It just went into production about a little over a year ago.
Tracy Weslosky: We talk to InvestorIntel audience all the time. Obviously you have multiple advanced degrees, but it is one thing to have a degree, it is another to actually be, what we refer to as, a treasure hunter. You have gone from being a professional treasure hunter and you are now the president of Edison Cobalt. Can I ask you what inspired you to take this position?
Neil Pettigrew: That was a bit of a natural progression. When cobalt started to run I actually acquired the core group of claims of the Kittson Project. I had worked it about 15 years ago looking for gold at that time. That project was optioned in and I joined the company as a director. Then as things continued to advance I came on as VP of Exploration and now as things are beginning to mature a bit I have come on as CEO.
Tracy Weslosky: Neil, it is one thing to be such an advanced exploration professional, it is another thing, again, to take on a senior executive role and, of course, you are a director as well. Can you tell me what provides Edison Cobalt with a competitive advantage in the market?
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Neil Pettigrew: The cobalt camp as a whole has only so many significant past producers. The Edison Cobalt mine has something that has not had exploration since 1905. This has been locked up in the family trust of the Edison family since then. It took us almost a year to extract this particular mine. Now that we are the full owners of this mine we are going to have some very significant results come out of it. We think that is really going to spur the market on with the numbers that we see coming out of this project.
Tracy Weslosky: Edison Cobalt has a new president, has a new name. What should we anticipate in the upcoming quarter or two as new potential shareholders?
Neil Pettigrew: We are launching another drill campaign now. That will be focused on the Edison Mine, the newly acquired project. Also, we are doing a regional program as well on the larger project. You are going to be seeing a lot of drill results coming out, prospecting results and there may be other acquisitions in the pipeline as well…to access the complete interview, click here
Disclaimer: Edison Cobalt Corp. is an advertorial member of InvestorIntel Corp.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>