Top Cobalt Stocks of 2017 on the TSXV

What are the top cobalt stocks of 2017? These TSXV-listed cobalt companies have all seen year-to-date share price increases.

top cobalt stocks

Interest in the cobalt market continues to surge, with increasing demand for electric vehicles driving the market. At the moment, cobalt supply isn’t sufficient to meet this impending demand, and prices for the metal are on the rise.

As Benchmark Mineral Intelligence analyst Caspar Rawles told the Investing News Network, in 2016 lithium-ion battery megafactory demand for cobalt was about 46,000 tonnes; however, by 2020 it will increase to 76,000 tonnes. He added, “there’s going to be a lot of growth in the coming years.”

To help investors get an idea of the current cobalt company landscape, we’ve put together a list of the five TSXV-listed cobalt stocks with biggest year-to-date gains. All companies listed had a market cap of at least $10 million as of July 18, 2017.

Read on to learn more about these companies, or click here to see our list of top TSX-listed cobalt companies. If we’ve missed a cobalt company that meets the above criteria, please let us know in the comments.

1. US Cobalt (TSXV:STM)

Current price: $0.67; year-to-date gain: 1,388.89 percent

US Cobalt, formerly Scientific Metals, is an exploration company focused on the acquisition and development of production-grade deposits of metals that are critical components of modern-day rechargeable batteries. Its Iron Creek cobalt property is located in Idaho along the Idaho Cobalt Belt. The company did not release much news during the second quarter of the year, but on May 30 it provided an update on Iron Creek.

2. Castle Silver Resources (TSXV:CSR)

Current price: $0.24; year-to-date gain: 242.86 percent

Castle Silver Resources has a portfolio of high-grade past-producing silver and cobalt properties in Ontario’s Gowganda and Cobalt mining camps. Its flagship asset is the Castle Silver Mine property, which operated at various times between 1917 and 1989.

In the second quarter of the year, the company closed a $500,000 private placement that it later increased to $1.2 million due to investor demand. On June 12, the company reported that sampling at Castle has confirmed the presence of high-grade cobalt and nickel.

3. Cobalt 27 Capital (TSXV:KBLT)

Current price: $10.41; year-to-date gain: 160.25 percent

Cobalt 27 Capital is a new company that offers pure-play exposure to cobalt. The company intends to acquire and hold physical cobalt, as well as manage and grow a cobalt-focused portfolio of streams, royalties and direct interests in mineral properties containing cobalt. The company started trading on the TSXV on June 23 after closing a C$200 million IPO, the largest in Canada since 2012.

In July, the company closed seven royalty agreements and was listed on the Frankfurt Stock Exchange.

4. First Cobalt (TSXV:FCC)

Current price: $0.76; year-to-date gain: 94.87 percent

First Cobalt, formerly Aurgent Resource, is an exploration-stage company whose main focus is the South Lorraine cobalt claim group. The claim group is in a former mining camp located 25 kilometers south of Cobalt, Ontario. The company also owns the Dickens Lake gold property in Saskatchewan.

On May 31, the company closed a $1.23-million private placement. In June, the company purchased 100 percent of the shares of Cobalt One (ASX:CO1) and CobaltTech (TSXV:CSK).

5. Cruz Cobalt (TSXV:CUZ)

Current price: $0.18; year-to-date gain: 53.58 percent

Cruz Cobalt is engaged in acquiring and developing cobalt assets across the globe. The company recently acquired numerous high-grade cobalt assets in North America. In April, Cruz made an application for an exploration permit on its Hector cobalt prospect in Ontario. In July, the company applied for a drill permit to cover the Coleman cobalt prospect, situated near the town of Cobalt in Ontario.

The data for this article was retrieved on July 18, 2017 using The Globe and Mail’s market data filter. Only TSXV-listed cobalt companies with market capitalizations greater than $10 million are included.

Don’t forget to follow us @INN_Resource for real-time news updates!

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Castle Silver Resources and Cruz Cobalt are clients of the Investing News Network. This article is not paid-for content.


This article is updated each quarter. Please scroll the top for the most recent information.

Top Cobalt Companies on the TSXV

By Priscila Barrera, May 2017

Interest in the cobalt market continues to surge, with increasing demand for electric vehicles driving the market. At the moment, cobalt supply isn’t sufficient to meet this impending demand, and prices for the metal are on the rise.

As Benchmark Mineral Intelligence analyst Caspar Rawles told the Investing News Network, in 2016 lithium-ion battery megafactory demand for cobalt was about 46,000 tonnes; however, by 2020 it will increase to 76,000 tonnes. He added, “there’s going to be a lot of growth in the coming years.”

To help investors get an idea of the current cobalt company landscape, we’ve put together a list of TSXV-listed cobalt stocks with year-to-date gains. All had market caps of at least $10 million as of May 24, 2017. Read on to learn more about these companies, or click here to see our list of top TSX-listed cobalt companies. If we’ve missed a cobalt company that meets the above criteria, please let us know in the comments.

1. Scientific Metals (TSXV:STM)

Current price: $0.78; year-to-date gain: 333.33 percent

Scientific Metals is an exploration company focused on the acquisition and development of production-grade deposits of metals that are critical components of modern-day rechargeable batteries. Its Iron Creek cobalt property is located in Idaho along the Idaho Cobalt Belt.

In March, the company started a work program at Iron Creek. Most recently, Scientific Metals announced plans to change its name to US Cobalt. It will start trading on the TSXV under the symbol USCO on May 25.

2. Castle Silver Resources (TSXV:CSR)

Current price: $0.26; year-to-date gain: 271.43 percent

Castle Silver has a portfolio of high-grade past-producing silver and cobalt properties in Ontario’s Gowganda and Cobalt mining camps. Its flagship asset is the Castle silver mine property, which operated at various times between 1917 and 1989.

In May, the company announced a program to create cobalt product test samples for battery manufacturers using material extracted during upcoming underground sampling at Castle. On May 19, the company closed a private placement of $500,000.

3. Sama Resources (TSXV:SME)

Current price: $0.18; year-to-date gain: 131.25 percent

Sama Resources is an exploration company that’s currently focused on the Sampleau nickel-cobalt-copper project in West Africa. Sama’s projects are located adjacent to the large world-class nickel-cobalt laterite deposits of Sipilou and Foungouesso. In April, the company closed the first tranche of a $2.6-million private placement.

4. Cruz Cobalt (TSXV:CUZ)

Current price: $0.18; year-to-date gain: 38.46 percent

Cruz Cobalt is engaged in acquiring and developing cobalt assets across the globe. The company recently took ownership of numerous high-grade cobalt assets in North America.

On March 16, it applied for an exploration permit on the Johnson cobalt prospect in Ontario; the same month, the company closed a deal for the Chicken Hawk cobalt prospect in Montana. Most recently, on April 19, the company announced that it’s making an application for an exploration permit on the Hector cobalt prospect in Ontario.

5. First Cobalt (TSXV:FCC)

Current price: $0.43; year-to-date gain: 11.54 percent

First Cobalt, formerly Aurgent Resource, is an exploration-stage company whose main focus is the South Lorraine cobalt claim group. The claim group is in a former mining camp located 25 kilometers south of Cobalt, Ontario. The company also owns the Dickens Lake gold property in Saskatchewan.

In March, the company secured an option to acquire 100 percent of the historic Keeley-Frontier silver-cobalt mine in Ontario. On May 1, First Cobalt signed a letter of intent to form a strategic alliance and earn a controlling interest over seven prospective properties in the Democratic Republic of Congo. The same month, it announced an exploration program for the Keeley-Frontier project.

6. Leading Edge Materials (TSXV:LEM)

Current price: $0.52; year-to-date gain: 1.96 percent

Scandinavia-focused Leading Edge Materials, formerly Flinders Resources, acquired Tasman Metals in August 2016 and now holds the Woxna graphite facility as well as the Norra Karr rare earths project. The Woxna graphite facility, which is currently permitted to feed 100,000 tonnes of graphitic rock per year, operated in 2014 and 2015, and is now maintained on a production-ready basis.

In addition to those projects, Leading Edge holds two cobalt projects. It staked the Vena cobalt-copper project in Sweden in November 2016, and in February it staked the Kontio cobalt-copper project in Finland.

The data for this article was retrieved on May 24, 2017 using The Globe and Mail’s market data filter. Only TSXV-listed cobalt companies with market capitalizations greater than $10 million are included.

Is there a top-gaining cobalt stock on the TSX that we missed? Tell us in the comments below — and don’t forget to follow us @INN_Resource for real-time news updates!

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Castle Silver Resources, Cruz Cobalt and Leading Edge Materials are clients of the Investing News Network. This article is not paid-for content.


This article is updated each quarter. Please scroll the top for the most recent information.

Top Cobalt Companies on the TSXV

By Priscila Barrera, February 2017

Cobalt is a key component of lithium-ion batteries, which are used to power electric vehicles, and demand for the metal is expected to soar as these vehicles become more common.

At the moment, cobalt supply isn’t sufficient to meet this impending demand, and prices for the metal are on the rise. As of mid-February, cobalt prices were up nearly 50 percent since September 2016, and currently a slowdown doesn’t seem to be in the cards. As Benchmark Minerals Intelligence analyst Caspar Rawles said via email, “battery demand for cobalt [is forecast] to go from 50,000 tonnes in 2016 to 80,000 tonnes by the end of 2020.”

Given those circumstances, many companies are entering the cobalt market in hopes of becoming suppliers. To help investors get an idea of the current cobalt company landscape, we’ve put together a list of TSXV-listed cobalt stocks with year-to-date gains. All companies listed have a market cap of at least $10 million.

Read on to learn more about these companies, or click here to see our list of TSX-listed cobalt companies. If we’ve missed a cobalt company that meets the above criteria, please let us know in the comments.

CobalTech Mining (TSXV:CSK)

CobalTech Mining’s main asset is the past-producing Duncan Kerr property. Located outside of Cobalt, Ontario, it’s in an area known for a unique type of mineralization composed of quartz-carbonate veins enriched in silver-cobalt-nickel-bismuth-arsenic.

So far this year the company has acquired a slew of additional properties, including nine past-producing mines near Duncan Kerr and eight cobalt properties in Quebec. Most recently, CobalTech signed a letter of intent to acquire a fully permitted cobalt processing facility in Ontario.

Year-to-date CobalTech’s share price has increased 52.08 percent. It is currently sitting at $0.36.

Cruz Cobalt (TSXV:CUZ)

Cruz Cobalt is engaged in acquiring and developing cobalt assets across the globe. The company recently acquired numerous high-grade cobalt assets in North America, including seven cobalt projects in Canada and one in the US. Its share price is currently at $0.26, up 103.85 percent year-to-date.

In February, the company announced that it is making an application for an exploration permit for its Bucke cobalt prospect. Bucke is in the vicinity of Cobalt, Ontario, and the permit will cover “mechanized drilling, mechanized stripping, pitting and trenching of bedrock and line cutting.”

First Cobalt (TSXV:FCC)

First Cobalt, formerly Aurgent Resource, is an exploration-stage company whose main focus is the South Lorraine cobalt claim group. The claim group is in a former mining camp located 25 kilometers south of Cobalt, Ontario. The company also owns the Dickens Lake gold property in Saskatchewan.

At the beginning of February, the company announced plans to raise up to $3 million via a non-brokered private placement. It later increased the private placement to up to $6 million. So far this year First Cobalt’s share price is up 76.92 percent at $0.69.

Leading Edge Materials (TSXV:LEM)

Scandinavia-focused Leading Edge Materials, formerly Flinders Resources, acquired Tasman Metals in August 2016 and now holds the Woxna graphite facility as well as the Norra Karr rare earths project. The Woxna graphite facility, which is currently permitted to feed 100,000 tonnes of graphitic rock per year, operated in 2014 and 2015, and is now maintained on a production-ready basis.

In addition to those projects, Leading Edge holds two cobalt projects. It staked the Vena cobalt-copper project in Sweden in November 2016, and in February it staked the Kontio cobalt-copper project in Finland. Year-to-date Leading Edge’s share price has increased 37.25 percent and is now sitting at $0.70.

LiCo Energy Metals (TSXV:LIC)

LiCo Energy Metals conducts exploration for metals used in the production of lithium-ion batteries. It currently has four projects in Canada, the US and Chile. Three are lithium-focused projects, while the fourth, called Teledyne, is a cobalt project.

The company has been busy in 2017, and among other things has completed a geophysical program at Teledyne, which is situated near Cobalt, Ontario. It is now preparing for a drill program at that project. Year-to-date LiCo’s share price has increased 40.74 percent and is sitting at $0.19.

Power Americas Minerals (TSXV:PAM)

Power Americas Minerals, formerly Victory Ventures, is an exploration company focused on procuring, developing and exploring resource properties in North and South America. The company’s share price has jumped 314.29 percent year-to-date and is now at $0.145.

In January, the company entered into an option agreement to acquire a 100-percent interest in the Kittson cobalt property. The property is comprised of five unpatented mining claims totaling 68 units. It covers approximately 1,090 hectares, and includes two former mines. According to the company, the mines saw limited production and “differed from the typical Cobalt camp in that they possessed low silver grades, but were enriched in cobalt and gold.”

Sama Resources (TSXV:SME)

Sama Resources is an exploration company that’s currently focused on the Sampleau nickel-cobalt-copper project in West Africa. Sama’s projects are located adjacent to the large world-class nickel-cobalt laterite deposits of Sipilou and Foungouesso.

In January, the company completed a downhole geophysical survey to follow up on shallow high-grade nickel-copper-palladium intercepts at its Sampleu and Grata properties. Year-to-date the company’s share price has risen 81.25 percent and is now at $0.14.

Scientific Metals (TSXV:STM)

Scientific Metals is an exploration company focused on the acquisition and development of production-grade deposits of metals that are critical components of modern-day rechargeable batteries. Its Iron Creek cobalt property is located in Idaho along the Idaho Cobalt Belt.

This month, the company announced plans for 2017 work at Iron Creek. It also recently acquired 25 unpatented lode mining claims totaling 500 acres to the south extension of Iron Creek. Its share price is now at $0.51 and has jumped 183.33 percent since the beginning of the year.

Other companies to watch

The companies below have lower market caps than the ones mentioned above, but have seen share price gains of more than 100 percent year-to-date. Investors may also want to keep them on their radar:

  • Castle Silver Resources (TSXV:CSR): The company has a portfolio of high-grade past-producing silver and cobalt properties in Ontario’s Gowganda and Cobalt mining camps. Its share price has increased 228.57 percent year-to-date and is now at $0.23.
  • Cobalt Power Group (TSXV:CPO): The company holds a number of properties in the region of Cobalt, Ontario, including the Smith cobalt project and extensions, and the Proteus and Kirk Lake cobalt projects. Its share price is now at $0.14, a 190-percent increase year-to-date.
  • X-Terra Resources (TSXV:XTT): The company recently acquired a copper-cobalt property in Quebec. Its share price has jumped 130.3 percent year-to-date and is currently at $0.38.

Investors may also want to keep an eye on Global Energy Metals, which is building the world’s first battery minerals project bank to supply cobalt and other battery materials to the rechargeable battery market. It is due to begin trading on the TSXV under the symbol GEMC on March 1.

Don’t forget to follow us @INN_Resource for real-time news updates!

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Castle Silver Resources, Cruz Cobalt, Global Energy Metals, Leading Edge Materials and LiCo Energy Metals are clients of the Investing News Network. This article is not paid-for content.

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