viewInternational Cobalt Corp

International Cobalt talks cobalt and its needs in Washington D.C.

Currently, there is not a single active domestic cobalt source, leaving the US 72% net import-reliant for its needs

Demand for cobalt has been increasing

International Cobalt Corp (CNSX: CO) spent two days in Washington talking cobalt and the commodity's domestic production and manufacturing needs.

Despite cobalt’s steadily rising demand, there is a severe shortage of domestic production in the US.

Currently, there is not a single active domestic cobalt source, leaving the US 72% net import-reliant for its cobalt needs, highlighted the company.

The company has identified several potential mining projects in the historic Idaho Cobalt belt. 

Those recently discovered in the company’s Blackbird Creek  and “Champion” projects, confirmed the presence of extensive cobalt mineralization and they are near to the former Blackbird Creek Cobalt Mine, the only primary cobalt mine in the United States.

Once developed, these sites could make International Cobalt one of the largest holders of cobalt prospects in North America, the company highlighted.

"We are excited to be growing our relationship with our U.S. Government allies on such a key strategic issue. We hope that these productive visits continue and that the U.S. is able to take positive steps towards domestic cobalt autonomy," said Tim Johnson, the company’s president and chief executive said of the trip.

Also today, the firm also said in the statement, that its agreement with Iron Forge Capital Corp has been terminated.

Shares are unchanged in Toronto at C$0.075.

Quick facts: International Cobalt Corp

Price: 0.01 CAD

Market: CSE
Market Cap: $1.87 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of International Cobalt Corp named herein, including the promotion by the Company of International Cobalt Corp in any Content on the Site, the...


International Cobalt reports encouraging assays from Raven prospect

Tim Johnson, president of International Cobalt Corp (CNSX:CO),  discusses with Proactive's Andrew Scott ''encouraging'' grab sample assays from their recently discovered Raven prospect at the Blackbird Creek project in Idaho, USA. The company reckons the nature of the mineralization...

on 27/9/18

2 min read