Exploring High-Grade Cobalt in Ontario’s Cobalt Belt
Power Group Projects Corp. (TSXV:PGP; OTC:CBBWF) is a resource company focused on developing its two cobalt properties—the Smith and Canadian cobalt projects—in Northern Ontario’s prolific Cobalt Camp. As they conduct exploration on the strike extents within the Smith property and continue to build out their presence in the Cobalt Camp, Power Group Projects is working towards being the primary player in the region.
Oftentimes a by-product of silver production, cobalt has seen a significant growth in demand in the last decade as it is a key component of the lithium-ion batteries used in electric vehicles. “To meet the demands of the electric vehicle market, the cobalt supply will have to increase steadily over the next decade and then grow exponentially after that,” said Power Group Projects, Chris Healey, VP of Exploration & Director. “To do that, we need to bring more new cobalt deposits online, and that is what we are planning to do with our properties in the Cobalt Camp.”
The Power Group Projects management team is one with over 100 years of collective experience in mineral exploration within Canada.
- One of the largest land holders in prolific Cobalt Camp in Northern Ontario
- Cobalt projects cover projected strike extent along a trend of known mineralized veins
- Experienced management team