July 11, 2017
eCobalt Appoints Chief Operating Officer
VANCOUVER, July 11, 2017 /CNW/ - eCobalt Solutions Inc. (TSX: ECS; OTCQB: ECSIF) (the "Company" or "eCobalt") is pleased to announce the addition of Mr. Floyd D. Varley, B.Sc., M.Eng. as Chief Operating Officer ("COO") to the eCobalt team. Mr. Varley's experience, knowledge, and role will be fundamental in advancing the Company's 100% owned Idaho Cobalt Project ("ICP"). The ICP is the only near term, environmentally permitted, primary cobalt project located in the United States.
Mr. Varley has over 35 years of experience in the mining industry, primarily in underground mine operations management and engineering in Canada and the United States with an impressive track record of accomplishments. Most recently, as VP Operations for TMAC Resources, Floyd led the development of the Hope Bay narrow vein underground gold mine and mill project from Pre-Feasibility Study through financing and construction to commercial production in the high arctic. Mr. Varley also managed, as Vice President, Operations and Mine General Manager, the startup of Yukon Zinc's remote poly-metallic underground mining operation in Canada's Yukon Territory. He was General Manager of Morton Salt's Fairport Ohio underground mine and mill and Chief Engineer of Morton's Weeks Island Louisiana mine and mill. In addition to his mine operations experience, as Branch Chief of the National Institute for Occupational Safety and Health, Office of Mine Safety & Health Research, Mr. Varley led diverse technical teams in risk management, ventilation, ground control and fire prevention research assisting metal and coal mines in the United States. Mr. Varley began his career as an underground miner and advanced to operations management in poly-metallic, copper, uranium, salt and coal mines. He holds a B.Sc. degree in Mining Engineering from the Colorado School of Mines.
Also joining the eCobalt team is Mr. Robert L. (Llee) Chapman, CPA, B.A. As a consultant, Mr. Chapman is appointed the role of VP Administration for the Company's US operations. He will assist management in building and growing administrative functions to support the advancement of the ICP.
Mr Chapman brings over 35 years of experience in senior positions within the mining industry. Mr. Chapman is currently the lead principal in RL Chapman Mining Consulting, which consults for some of the world's leading natural resource companies. Previous experience includes working for Newmont Mining Corp. in the role of Regional Vice President Group Executive – Business where he was part of the management team that oversaw North American Operations. Prior to that, Mr. Chapman worked with St. Joe Minerals Ltd (a private company) as CFO, and Ascendant Copper Corporation as CAO and Vice President. Mr. Chapman was also CFO of Apollo Gold Inc. where he was responsible for the administration of the company's human resources, accounting, information systems and community/political affairs departments. From 1989 to 2000 Mr. Chapman worked for and helped build and develop the Goldstrike Mine in Elko, Nevada for Barrick Gold Inc. Mr. Chapman is a graduate of Idaho State University and holds a B.A. in Accounting and has received his CPA certificate in the states of Idaho, Arizona and Montana. He has served as President of the Board of Trustees of the Northwest Mining Association, and served as an Elko County Commissioner/Chairman.
"We are excited to be strengthening the technical and operational areas of our team at such a pivotal time in the Company's history. As COO, Floyd's experience and expertise will be integral in completing our NI 43-101 compliant Feasibility Study (FS) for the ICP and moving the project toward financing and production" commented Mr. Paul Farquharson, President & CEO of eCobalt. He continued, "Llee is another positive addition to our team. We have been working closely with Llee recently and have developed a great appreciation for his input and contributions. We look forward to continuing to expand and develop a solid team of industry experts to lead the company forward."
About eCobalt Solutions Inc. (www.ecobalt.com)
eCobalt Solutions is a well-established Toronto Stock Exchange listed company committed to providing ethically produced, environmentally sound, battery grade cobalt salts, essential for the rapidly growing rechargeable battery and renewable energy sectors, made safely, responsibly, and transparently in the United States.
eCobalt Solutions Inc.
"J. Paul Farquharson"
J. Paul Farquharson
President & CEO
Cautionary Statement on Forward Looking Statements
Cautionary Statement on Forward Looking Statements This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Statements in this news release pertaining to expected financings, filings, uses of proceeds or project completion dates are forward-looking statements. These forward-looking statements are based on assumptions and address future events and conditions and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements.
Such projections are and will inevitably always be dependent on assumptions about future mineral prices and development costs which will be subject to fluctuation due to global and local economic and industry conditions. Further information regarding risks and uncertainties which may cause results to differ from those contained in forward-looking statements is included in filings by the Company with securities regulatory authorities and is available at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Although the Company has disclosed that the Idaho Cobalt Project remains the sole, near term, environmentally permitted, primary cobalt deposit in the United States and offers a unique potential for North American consumers to secure an ethically sourced, environmentally sound supply of battery grade cobalt chemicals, there is no guarantee that the Company will attain commercial production of such cobalt chemicals for use in the rechargeable battery sector. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws.
The statements contained in this news release in regard to eCobalt Solutions Inc. that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including eCobalt Inc.'s beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to eCobalt Solutions Inc. as of such date. It is important to note that actual outcome and the actual results could differ from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative, corporate, commodity price and marketplace changes.
SOURCE eCobalt Solutions Inc.
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News Release:August 9th, 2017, eCobalt Provides Feasibility Study Update and Commences Pre-Construction Activities on the Idaho Cobalt Project