Essential Power…Infinite Possibilities

April 12, 2016

Ecclestone on the "very big" cobalt niche

Publisher: Investor Intel

Author: Christopher Ecclestone

THIS IS NOT AN OFFICIAL COMPANY NEWS RELEASE
- FOR THE INFORMATION OF SHAREHOLDERS AND INTERESTED PARTIES ONLY -




InvestorIntel.com - April 12, 2016
Excerpts from the InvestorIntel Article

Ecclestone on the "very big" cobalt niche

The "Blue Metal" is sometimes the term used to describe cobalt. While Cobalt has had the blues in the recent past its worst days seem behind it. Like many other specialty metals it has a poor supply prognosis as its tailwind at the current time and for the foreseeable future.

Overall, cobalt demand is projected to grow from 87,383 tonnes to 113,725 tonnes between 2014 and 2018. Cobalt supply is projected to grow from 91,577 tonnes to 100,778 tonnes over this same time frame. Rechargeable batteries and superalloys comprise 46% and 18% respectively of the total refined cobalt demand. It's important to note that most rechargeable battery users require cobalt in chemical form (sulfate and oxide), while superalloy manufacturers require metal.

[Later in the article, they state:]

Formation Metals Inc. (TSXV: FCO) is ahead of the pack amongst the juniors. This company has the advantage, strategically, that its project is located at Salmon in Idaho and thus could potentially provide the US with an onshore source of Cobalt.

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