Treasures in the depths of the ocean
It's about cobalt - much sought-after. China takes samples from cobalt-containing mountains in the Pacific. The Chinese do not like the dependence of the world on cobalt from the Democratic Republic of Congo either. It is said that the possibility of harvesting metallic rocks from the seabed is only a few years away. However, many companies see deep-sea mining as a very distant opportunity.
The United Nations strongly regulates the management of the seabed to protect the marine environment. Of 29 available deep-sea exploration licenses, China owns four, more than any other nation. Only one Canadian company has gone beyond the exploration phase and is now trying to mine copper, gold and silver off the coast of Papua New Guinea. However, financing problems and the opposition on the ground are slowing down activities.
In the meantime, a cobalt producer, First Cobalt - https://www.commodity-tv.net/c/search_adv/?v=298726, which may soon become a leader in North America, is growing up. A primary cobalt property in Idaho, USA, a cobalt refinery and 50 small former producing mines at Canadian Cobalt Camp could be the road to success.
Another important raw material needed for the booming electromobility sector and thus for lithium-ion batteries is lithium. After all, nine countries and twelve cities or states have announced bans on combustion engines within the next ten years. This is due to climate and air quality targets around the world. Companies with lithium in their soil, such as Millennial Lithium - https://www.commodity-tv.net/c/search_adv/?v=298600, should have enough customers for their lithium in the next few years.
The company owns two advanced projects (Caucharí East and Pastos Grandes) in Argentina. A country known for its excellent lithium deposits. Drilling results from the Pastos Grandes project have been encouraging so far. With a total of more than 20,000 hectares of land and financially strong, Millennial Lithium should make excellent progress.
Current corporate information and press releases from Millennial Lithium (https://www.resource-capital.ch/en/companies/millennial-lithium-corp.html) and First Cobalt (https://www.resource-capital.ch/en/companies/first-cobalt-corp.html).
In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the English version of these messages applies.
Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer.html