Abenteuer Acquires Temiskaming & Fabre Cobalt-Silver Property

Abenteuer Resources Corp. (“Abenteuer” or the “Company”) (TSXV:ABU), through its wholly-owned subsidiary Roughrider Energy Corp., is pleased to announce that it has entered into an agreement to acquire (the “Proposed Acquisition”) the Temiskaming & Fabre Cobalt – Silver property (“the “Property”) located in Quebec’s Fabre Township. The Property is located immediately east of the shores of Lake Temiskaming across from the historical mining-town of Cobalt, Ontario within the eastern extent of the famous Cobalt Silver Mining Camp. The northern portion of the Property, known as Temiskaming, is composed of twenty-seven contiguous claims covering an area of approximately 1577 hectares and the southern portion of the Property, known as Fabre, is composed of eleven contiguous claims covering an area of approximately 643 hectares.
As quoted in the press release:

The areas in proximity to the historically significant mining-town of Cobalt, Ontario have recently been the focus of heightened activity and exploration efforts in an attempt at identifying and uncovering new Cobalt discoveries. In what was largely seen as a silver camp during the period 1900 to 2000, the prospective for cobalt occurrences in Ontario and Quebec have sparked renewed interest in these areas. As demand for electric vehicles and energy storage continues to escalate, cobalt (which is a vital component of Lithium-ion batteries – comprising up to 60% of the commodity inputs) is fast becoming a highly strategic and sought after metal. It is estimated that 98% of the world’s cobalt production is produced as a result of by-product mining from copper and nickel operations. By virtue, with curtailments in recent years of copper and nickel production, cobalt production has decreased in lockstep. Further, with approximately 60% of current global cobalt supply coming out the Democratic Republic of the Congo, end users are in search of supply sources that are domiciled in politically stable jurisdictions.

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