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Peter Clausi on CBLT’s sale of Northshore Gold for $1.5 million cash and shares

InvestorIntel’s Tracy Weslosky speaks with Peter Clausi, President, CEO and Director of CBLT Inc. (TSXV: CBLT) about the sale of CBLT’s Northshore Gold Property to Omni Commerce where CBLT ended up being the largest shareholders in Omni. “CBLT purchased a portfolio of four mining assets two years ago,” Peter said. “Paid roughly a million dollars for it. We just sold one of those assets for $1.5 million.”

“We do mineral exploration, but we also do opportunistic M&A,” Peter added. “Any property that is good enough to buy is good enough to sell if you can make profit for the shareholders.” He added, “We have been buying properties inexpensively and then selling them to bidders who could not get their hands on the properties in the first place, and making significant profit for the shareholders.” He continued, “In 2016-17 we generated over a million dollars in revenue for the shareholders against acquisition cost of about a $160,000.”

To watch the complete interview, click here

Disclaimer: CBLT Inc. is an advertorial member of InvestorIntel Corp.




CBLT closes gold deal for cash while receiving an equity position

Well-managed small cap continues successful M&A activity

Project generator CBLT Inc. (TSXV: CBLT) closes yet another deal. This time CBLT Inc. has closed the sale of its 56% share of the Northshore Gold Property Joint Venture to private company Omni Commerce Corp. (“Omni“). For the sale CBLT Inc. has been paid $350,000 in cash and $1,100,000 in common shares of Omni.

For those investors not familiar with CBLT, it is a well-managed small cap company that focuses on making cash positive deals to avoid stock dilution while at the same time also gaining equity share exposure in the new venture. The strategy is effectively building stakes in junior cobalt and precious metal companies and projects in Canada in addition to owning several of their own projects.

CBLT to retain significant equity in Omni which plans to immediately develop the Northshore Gold Property

What is positive about the Omni deal is CBLT becoming a significant shareholder in Omni. This is because Omni intends to acquire the remaining 44% interest of the Northshore Gold Property from Balmoral Resources Ltd. CBLT says that it “has also been advised by Omni that Omni has submitted a listing application to the Canadian Securities Exchange,” and that “Omni intends to change its name to ‘Ready, Set, Gold!’ to better demonstrate its business focus, and that Omni intends to aggressively develop Northshore Gold immediately.”

CBLT Inc.’s CEO Peter M. Clausi commented that the company is “happy with our equity position which gives us passive ongoing exposure to gold and to Omni’s development success. It also allows us to continue our plan to create shareholder value by continuing with strategic M&A activity, as with Northshore Gold, and by developing our Canadian mining assets. We expect to be in the field at Big Duck Lake, also in Hemlo, later this year.”

The Northshore Gold Property sits on the Schreiber-Hemlo Greenstone Belt and hosts the Afric Zone, about 115 kms west of Hemlo and 200 kms east of Thunder Bay, Canada. Indicated Resources are 391,000 ounces of gold, with an additional 824,000 ounces of inferred resources, all found within the Afric Zone.

Past drilling programs have been undertaken in the region over the last few years, including some high grade intercepts of 12.49 g/t over 33.2 metres and 4.35g/t over 14.6 metres. The Afric Gold Zone continues to demonstrate significant mineralized widths to depth, highlighted by an intercept of 124.50 metres grading 1.05 g/t gold in hole WB-18-54. The Resource has a broad mineralized envelope which includes a high grade core, which returned 7.00 m grading 11.15 g/t gold, including 1.00 m grading 56.50 g/t gold. The deposit, and the high grade core, have now demonstrated continuity to a little over 250 vertical metres depth and remain open.

Northshore Property – Afric Zone cross-sectional view showing some drill intercepts

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About Cobalt Inc.

CBLT Inc. is a project generator with a focus on quality cobalt projects in safe jurisdictions such as Canada, ideally associated with valuable by-products such as base (Ni, Cu) or precious metals (Au, Au, PGMs). CBLT Inc.’s has numerous projects and JVs in Canada.

CBLT’s flagship is the Copper Prince Project located in Falconbridge Township, in the Sudbury Mining District of Ontario, Canada. The Project has Cu-Ni-PGM and gold occurrences. Sample 616311 found 54.3g/t Au and 5,020 ppm (0.502%) Co.

CBLT’s also owns the Chilton Cobalt Project in the Grenville Subprovince in Quebec, which contains two areas with large nickel-copper-cobalt-chromium findings.

CBLT Inc. has a low market cap despite having over 12 projects and strong past deal flow success

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Closing remarks

For investors wanting a well-managed exploration and deal project generator company with a very low market cap, then CBLT Inc. is well worth a long look. With a market cap of only C$3.26m, investors gain exposure to over 12 projects with base metals (Co, Ni, Cu) and precious metals potential (Au, Ag, PGMs), as well as equity exposure to other small explorers such as Omni. The potential valuation proposition is outstanding. The outcome for investors will depend on continued exploration and deal success. One to follow closely.




Silver outshines gold so far in 2020, and it’s not done yet

Investors look to the historic gold/silver ratio gap

While gold gets all the limelight, silver has been on a bull run of its own, up a staggering 125% since the March 2020 low and even outperforming gold. As impressive as this is, several indicators would suggest this is just the start of a new silver bull run.

Silver has been on a bull run since the March low – Now at USD 27.03/oz

Source: Trading Economics

Past silver bull runs took silver as high as USD 35/oz in 1980, and then to almost USD 47/oz in 2011. The interesting thing about the current 2020 silver bull run is that demand from industry has been subdued due to COVID-19. Once industrial silver demand comes back there is every reason to suggest silver will push even higher.

In 2019 global silver demand was up just 0.4% to 991.8 Moz, as higher net physical investment was offset by lower jewelry and silverware demand. It looks like this trend is continuing in 2020 as investment demand for silver (and gold) reaches unprecedented levels. According to ETF Monitors the ETFS Physical Silver (ETPMAG) is 2020’s top performer of all ETFs, with a YTD return of 53.3%, well ahead of ETFS Physical Gold (GOLD) of 30.3%.

Physical silver ETF is the best performing sector YTD in 2020

Source: ETF Monitors (as of August 11, 2020)

The gold/silver ratio

The current gold/silver ratio is ~72 (gold US$1,951/silver US$27), meaning gold is worth 72 times the value of silver. Yet the average gold/silver price ratio during the 20th century is only 47:1. If we apply at 47:1 ratio that would mean silver should be at US$41, which would be 56% higher than today. All of this means that despite a ‘sterling’ 2020 performance of +53% , silver could still have another 56% upside to be back at an historical normal ratio to gold.

For investors the message is that any silver pullbacks still represent a buying opportunity. For investors wanting a greater leverage to the silver price then they should consider the silver miners. Here are some junior silver miners we follow closely at InvestorIntel.

Canada Silver Cobalt Works Inc. (TSXV: CCW | OTCQB: CCWOF)

Canada Silver Cobalt Works is developing three 100% owned, past-producing, high-grade silver-cobalt mines in the prolific Northern Ontario Silver-Cobalt Camp. Canada Silver Cobalt Work’s flagship Castle Mine and 78 sq. km Castle Property features strong exploration upside for silver, cobalt, nickel, gold and copper including exceptionally high grade veins of silver. The Company has released a strong maiden resource estimate for the Castle East Robinson Zone. The result was Zones 1A and 1B have an average silver grade of 8,582 g/t (250.2 oz/ton) in a combined 27,400 tonnes of material for a total of 7,560,200 Inferred ounces of contained silver using a cut-off grade of 258 g/t AgEq. After adding in the lower grade Zone 2A the total is 7,567,000 inferred ounces of contained silver. You can read more here.

Angkor Resources Corp. (TSXV: ANK)

Angkor has a very large land package entailing 983 km² in Cambodia with multiple prospects focused on gold, silver and base metals. Added to this is their oil and gas exploration license known as Block VIII (7,300 km² concession) also in Cambodia. Angkor has a successful history of project generation and partnerships with exploration success. You can read more here.

CBLT Inc. (TSXV: CBLT)

CBLT is a mineral exploration company and project generator/deal maker with numerous projects in Canada. Their focus has been on cobalt and silver, with a bit of gold, copper and PGMs. CBLT’s Copper Prince Project is their flagship project located within Falconbridge Township, in the Sudbury Mining District of Ontario, Canada. You can read more here.

InvestorChannel’s Silver Watchlist Update for Thursday, August 13, 2020

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Closing remarks

Given the tremendous silver price surge in July/August 2020 it would not be unusual to see some short-term silver price pullback on profit taking. However any pullback should be looked at as a possible buying opportunity when considering key factors to determine the silver price, namely the strong investor demand and soon industrial demand to return, the gold/silver ratio of 72 suggests silver can rise relatively to gold (historical ratio is 47). Of course, further money printing and ultra-low interest rates are creating a very favorable market for all precious metals.

Investors have the choice of buying physical silver or the silver miners. For more information, have a look at the InvestorIntel silver watchlist, our gold, silver, and base metals page.




Drolet Stock Note: CBLT Inc. – Innovation in Exploration

Mario Drolet, President of MI3 Communications Financières Inc. (MI3), released his Stock Notes on CBLT Inc. (TSXV: CBLT) for exclusive distribution on InvestorIntel. In this note, MI3 highlights the following points on CBLT Inc.:

  • CBLT Inc. is a Canadian mineral exploration company with a proven leadership team, targeting cobalt in reliable mining jurisdictions
  • Only 50M shares outstanding
  • CBLT surge with volume since the beginning of August with over 3.5 Million shares traded
  • The surge in volume could mean something more important is yet to come…
  • Support: S2; $0.035 – S1; $0.05
  • Resistance: R1; $ 0.06 – R2; $0.075

About CBLT Inc.

CBLT Inc. is a Canadian mineral exploration company with a proven leadership team, targeting cobalt in reliable mining jurisdictions. The Company is well-poised to deliver real value to its shareholders.

PLEASE DO YOUR DUE DILIGENCE

Disclaimer: This MI3 Technical Note produced by MI³ Communications Financières is neither an offer to sell, nor the solicitation of an offer to buy any of the securities discussed therein. The information contained is prepared by MI3, emanating from sources deemed to be reliable. MI3 Communications Financières makes no representations or warranties with respect to the accuracy, correctness or completeness of such information. MI³ Communications Financières accepts no liability whatsoever for any loss arising from the use of the information contained therein. Please take note that for compliance purposes, all directors, consultants or employees of MI3 Communications Financières are prohibited from trading the securities of the company and MI3 Communications Financières is a shareholder and do not intend to sell any shares during the distribution of this report.




CBLT offers investors early stage exposure to a very large number of cobalt and precious metals projects in Canada

One of the biggest trends in 2020 is the US moving to secure supply of critical materials such as the battery materials, including the hardest of all to source, cobalt. Combine this with the benefits of safe haven assets such as silver and gold, and you get a perfect combination of safety and growth. One Canadian company has built a large portfolio of Canadian located assets with a focus on cobalt as well as precious metals such as gold, silver, nickel, copper, and PGMs. Even better the Company is still trading at a fraction of its future potential value, assuming it succeeds in the long run.

That company is CBLT Inc. (TSXV: CBLT).

CBLT Inc. is a project generator with a focus on quality cobalt projects, ideally associated with valuable by-products such as base (Ni, Cu) or precious metals (Au, Au, PGMs), in safe jurisdictions such as Canada. The Company prioritizes shareholders interests by minimizing stock dilution by bringing in cash from M&A deal flow and JV deals. CBLT is a believer in building up new ethical sources of cobalt that will be in high demand as the EV boom accelerates in future years. The Company prefers projects with poly-metallic potential or at least cobalt and some precious metals.

CBLT Inc.’s has numerous projects and JVs in Canada.

CBLT’s Copper Prince Project is their flagship project located within Falconbridge Township, in the Sudbury Mining District of Ontario, Canada. The Property is comprised of sixteen contiguous patented mining claims totaling 256 ha and has Cu-Ni-PGM and gold occurrences. Sample 616311 found 54.3g/t Au and 5,020 ppm (0.502%) Co. Other grab samples included sample 616313 that returned 12.8 g/t Au, 0.47% Co, and sample 616318 that returned 4.31 g/t Au, 0.44% Co.

CBLT’s Chilton Cobalt Project is in the Grenville Subprovince in Quebec and contains two areas with large nickel-copper-cobalt-chromium findings. CBLT is currently in the permitting process for excavation and a maiden drill program.

CBLT Inc.’s projects

Location map of some of CBLT Inc’s Ontario Canada projects

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In 2018 CBLT sold the Bloom Lake Property to Winmar Resources Ltd (ASX: WFE) in a deal that saw CBLT retain a 10% management fee, as well as 16 million shares in Winmar. Winmar’s shares are currently suspended as they seek approval to buy half of a cobalt processing facility in the DRC. Bloom Lake assay results have confirmed high-grade copper-cobalt mineralization with anomalous gold and nickel. The most notable was Sample 853028, taken south of the No. 1 audit, which assayed 6.84% cobalt, 0.422 g/t gold, 0.58% copper and 1.56% nickel.

On June 1, 2020 CBLT Inc. announced that they have sold their 56% joint venture share in Northshore Gold for cash and equity to Omni Commerce Corp. The total consideration payable to CBLT in respect of the transaction is $1,450,000 consisting of: Cash consideration of $350,000 and stock consideration of $1,100,000 payable by the issuance of post-consolidation common shares in Omni’s capital on closing.

Closing remarks

There is little doubt that as the EV revolution accelerates the world will need more cobalt, especially from safe countries such as Canada.

Investing into CBLT Inc. gives investors exposure to a very large number of Canadian cobalt and other valuable metals (gold, silver, nickel, copper, PGMs) exploration projects, as well as equity exposure to several other explorers that have bought projects from CBLT, such as Winmar and Omni.

Due to management’s focus to avoid stock dilution by successful deal flow, CBLT Inc. has a small share register of just 70.24 million shares outstanding. The current market cap is just C$2.1 million. This means that investors that are willing to invest early and show some patience have the potential to be highly rewarded for taking the risk of an early stage smaller cap mining stock. One to watch.




CBLT’s Peter Clausi on M&A in the Mining Industry

Recently during PDAC 2019, Peter Clausi the President, CEO and Director of CBLT Inc. (TSXV: CBLT) shared CBLT’s competitive advantages with InvestorIntel’s Tracy Weslosky. Peter starts “CBLT acquired cobalt assets inexpensively, has done work on them to prove them up, and price of cobalt has moved up on the London Metal Exchange since we purchased them. Cobalt is an in-demand metal. Its one of the green revolution metals and you absolutely need them for electrification of the world.”

CBLT is a Canadian mineral exploration company with a proven leadership team, targeting cobalt in reliable mining jurisdictions. CBLT continues to be a project generator and an efficient steward of its shareholders’ capital.

To access the complete interview, click here

Disclaimer: CBLT Inc. is an advertorial member of InvestorIntel Corp.




CBLT’s Clausi on selling assets for a profit.

“As we all know it is a difficult mining market out there. There are many companies whose values are not reflected in their share price. You can either sit around and whine about it or you can do something about it. My board told me to do something about it. We bought non-core assets, packaged them, went to Australia, met with anybody who would meet with us and was able to sell these assets to create a profit for CBLT back in Canada. In essence we did a hard $1 million dollar financing without any fees on top.” States Peter Clausi, President, CEO and Director of CBLT Inc. (TSXV: CBLT), in an interview with InvestorIntel Corp. CEO Tracy Weslosky.

Tracy Weslosky: How does it feel to be a junior that is actually making money? Can you tell your shareholders and investors out there a little bit about what you are doing right now?

Peter Clausi: Sure. As we all know it is a difficult mining market out there. There are many companies whose values are not reflected in their share price. You can either sit around and whine about it or you can do something about it. My board told me to do something about it. We bought non-core assets, packaged them, went to Australia, met with anybody who would meet with us and was able to sell these assets to create a profit for CBLT back in Canada. In essence we did a hard $1 million dollar financing without any fees on top.

Tracy Weslosky: While you were in Australia we had a couple of investors in town last week they are telling me that Australia is experiencing a gold rush and they are redirecting their attention towards the resource sector. Is this correct? Is this consistent with your own conclusions having just gotten back from Australia? 

Peter Clausi: Australia does not have the same kind of risk capital market that Canada or the United States has. They do not have a cannabis market. They do not have a crypto market. The risk capital has stayed in junior high-tech, junior mining, junior oil and gas. It has not fragmented so there is more capital available. Yes, there have been a couple of recent discoveries in the gold sector that have juiced the market generally. Plus the rebirth of rare earths and lithium, we will call it 2.5 because we are not quite at lithium 3.0 yet, has also helped to excite the market. George and his buddies at Northern have done a real good job of bringing that project to market. They were a big hit when they were traveling in New York and it has helped to re-excite the rare earths market.   

Tracy Weslosky: Peter I have to tell you, I do not know if you have seen how Neo’s stock has moved. There is a lot of interest in electric cars as you know. We do not have the cobalt that we need. I do not understand why people are not lined up around the block to have your conflict-free mineral source of cobalt here in Canada. What is going on there? What is the disconnect between the cobalt demand, as we know there is a real shortage, and the interest in CBLT for instance?

Peter Clausi: There are a lot of reasons for it. It is a market that still lacks credibility. There is a group in Australia that reports in “cobalt equivalent” by taking a little bit of copper and a little bit of gold and a little bit of silver and doing some magic and increasing their cobalt number. Things like that hurt all of us. I wish they would stop doing it. The other problem we have is, cobalt is a bizarre metal. It is only found in a few places around the globe in mineable quantities. 60% of it comes from the Congo so anything that happens in the Congo affects cobalt globally…to access the complete interview, click here

Disclaimer: CBLT Inc. is an advertorial member of InvestorIntel Corp.




CBLT’s Clausi on Canadian cobalt and the rising battery demand for this critical metal

June 4, 2018 – “Cobalt is a critical metal as you heard yesterday, as you have seen in the news. You know it is important when Elon Musk makes fun of it. He is downplaying the need for cobalt. Even the batteries made for Tesla by Panasonic need 4½ kilograms of cobalt per battery.” states Peter Clausi, President, CEO and Director of CBLT Inc. (TSXV: CBLT), in a recent presentation at the 7th Annual InvestorIntel Summit – Buds, Batteries & Blockchain 2018.

Peter Clausi: It is always nice to be here. This is my fourth year coming to this event. Last year it was all battery metals. I tell people I meet in the industry this is one of my favorite places to come to meet people, get new ideas and see how things work. We are in the business though of making money for our shareholders. We got into the cobalt space about 2 years ago pretty much ahead of many other people. The problem is the Canadian markets did not give us or indeed any of the cobalt juniors real value for the assets that we had. If we are not going to get real value that way we came up with a better plan to generate real value. The disclaimer, has anybody ever read a disclaimer? For this conversation we are only talking about our properties in Gowganda, which is part of the Cobalt Embayment, and one of our properties in Sudbury. We have other properties in Sudbury, British Columbia and Quebec, but this conversation is only about Gowganda and our MacTrack claims in Sudbury. In Gowganda we bought 5 assets in a portfolio. We paid $114,000 for 5 assets; roughly $50,000 in cash, the rest in stock. Went to Australia at the end of January, met with bankers, investment bankers, miners, promoters, financiers and began to tell our story. Australia is far more advanced than Canada and decades ahead of the United States when it comes to the recognition of capitalizing upon critical metals. Cobalt is a critical metal as you heard yesterday, as you have seen in the news. You know it is important when Elon Musk makes fun of it. He is downplaying the need for cobalt. Even the batteries made for Tesla by Panasonic need 4½ kilograms of cobalt per battery. We sold one asset. I like the dancing money. Sold one asset called Bloom Lake for $50,000 cash and $50,000 in stock. We had a lot of faith in that management team. That stock though has increased 700%. What we sold for $100,000 we actually got $400,000 of value out of for 1 asset. Remember we bought the whole portfolio for $114,000. We then sold two other assets, again, dancing money, Corkill-Lawson and Farr for $50,000 and $87,000 in stock. As of this morning the stock was up over $100,000. Again, this is one asset that is part of the portfolio of 5. Between this and the other company we are up over $600,000. Not done yet. We then optioned off 2 of the remaining assets in Gowganda. For that, we have got more dancing money, $20,000 for each option plus a minimum work commitment over the next year. We also get a 10% management fee. They being in Australia do not want to come to Canada to learn the system, learn the local geologist, the regional geologist, First Nations so they have asked us to run the program for them. For that we get an additional 10% management fee…to access the complete presentation, click here

Disclaimer: CBLT Inc. is an advertorial member of InvestorIntel Corp.




CBLT’s Clausi on strong cobalt, copper and gold results from Sudbury

March 15, 2018 — “That is our flagship property in Sudbury. We are proving up real value for the shareholders. We are doing exactly what we said we would do, on budget and on schedule. That should be reflected in the value for the shareholders.” states Peter Clausi, President, CEO and Director of CBLT Inc. (TSXV: CBLT), in an interview with InvestorIntel’s Andy Gaudry.

Andy Gaudry: Some exciting news out of Sudbury this morning.

Peter Clausi: Great news out of Sudbury. The Ontario Geologic Survey did some work on the property. They collected 8 samples, 5 of which were reported a month ago with strong numbers for gold and copper. Three of the samples ran over limit, had to be reanalyzed and those came out this morning and again, strong for cobalt, strong for copper. 

Andy Gaudry: That is wonderful. How does that affect CBLT long-term? 

Peter Clausi: That is our flagship property in Sudbury. We are proving up real value for the shareholders. We are doing exactly what we said we would do, on budget and on schedule. That should be reflected in the value for the shareholders.

Andy Gaudry: That is fantastic news. Now at PDAC, what are you trying to accomplish here over the next couple of days?

Peter Clausi: See a lot of old friends, maybe make a couple of new enemies. Learn a lot about cobalt globally. As much as we know, we still do not know everything. Also sniffing around over a couple of the other battery metals that we might have some interest in…to access the complete interview, click here

Disclaimer: CBLT Inc. is an advertorial member of InvestorIntel Corp.




CBLT’s Clausi on global demand for cobalt

“Cobalt is in high demand at the moment and has spiked 128% over the past 12 months…” — starts Kelly Bird of InvestorIntel in an interview with Peter Clausi, CEO, President and Director of CBLT Inc. (TSXV: CBLT).

Peter Clausi: We have strong cobalt assets that are in demand globally. In fact we are going to Australia this week. By the time this video airs we should be back from Australia with results carrying out M&A activity with our Ontario and Quebec assets. In February of 2016 cobalt was at $21,750 a ton.

Kelly Bird: And it is up to $75,000 at the moment, correct?

Peter Clausi: Right. Your 128% number is nice, but it is far more than that dating back to February of ‘16. Two years ago it has gone from $21,750.00. There is a decrease in supply. The Katanga Mine in the Congo is coming on stream. Whether it is going to reliably produce more cobalt or not is still up in the air to be seen. Katanga has had some issues and management they have had some compliance issues. They have had to restate financials and it is the Congo so infrastructure is a challenge.

Kelly Bird: CBLT is based in Canada. Most of your projects are in northern Ontario. I know your flagship project, Copper Prince, has had some really interesting sample results come back – tell us a bit more about this

Peter Clausi: We picked that property up about 2 years ago. We thought there was cobalt at the south end. Historically that property has been worked since the late 1880s. Significant amounts of gold, copper, nickel up in the north end. We thought there was cobalt in the south end and our work there has proven that up. We just got results back from the Ontario Geologic Survey, the district geologists that work on their own…to access the complete interview, click here

Disclaimer: CBLT Inc. is an advertorial member of InvestorIntel Corp.