Formation Metals and Cobalt: We have the edge of a fully transparent supply chain
July 13, 2016 — Cobalt prices have continued to edge up with commentators noting the market mood is an expectation that demand is on the rise and future buying will be higher. The cobalt market is in flux due to two factors: one, there has been a growing realisation that this metal will be required in far greater quantities as the battery market expands and, two, the growing concern about the conflict metals and child labour issues clouding cobalt production in Africa.
Formation Metals Inc. (TSX: FCO | OTCQB: FMETF | Frankfurt: FOQ) has a cobalt project that has two advantages: one, it is one of the few global primary cobalt projects (most cobalt is now produced as a by-product) and, two, it is located in Idaho which is a stable mining jurisdiction.
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Formation President and CEO, J. Paul Farquharson, speaks to InvestorIntel Publisher Tracy Weslosky. In this interview, he:
- Updates the state of the cobalt project, explains that it is ready to go once capex is locked in.
- Discusses the company’s big share price gains this year.
- Explains the advantages of having a primary cobalt project and one that has a fully transparent supply chain, factors that do not apply in the case of some existing producers.
Formation Metals Inc. is an advertorial member of InvestorIntel.
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