eCobalt Advances Due Diligence with Potential Off-Take Partners

eCobalt Solutions Inc. (“eCobalt” or “the Company”) (TSX: ECS, OTCQX: ECSIF) has made significant progress in identifying strategic off-take partners for its clean cobalt concentrate. The Company has signed multiple Letters of Intent (the “LOIs”) with reputable firms across different markets and cobalt supply chains. Due diligence is currently in progress as the Company works towards negotiating definitive terms in parallel with continued advancement of the Idaho Cobalt Project (“ICP”).
As quoted in the press release:

“Marketing of the ICP and clean cobalt concentrate during the past few months has been successful and has culminated in the receipt of multiple proposals for off-take arrangements,” stated Paul Farquharson, President and CEO of eCobalt. “This demonstrates the increasing demand for ethically-sourced cobalt in a supply deficit market. These LOIs present many options with various potential off-take partners. Our goal is to form a long-term partnership with a strong off-take partner who can provide support and flexibility, and deliver value for the ICP. Not only is this a critical component of project financing, but it is also critical for the long-term success of the project.”

Click here for the full text release