eCobalt Management Update on the Idaho Cobalt Project's Marketing, Construction and Project Optimization

eCobalt Solutions Inc. (ECS-TSX) (“eCobalt” or the “Company”) is pleased to communicate the progress to date on the Idaho Cobalt Project’s (“ICP”) construction, cobalt marketing and project optimization.
As quoted in the press release:

Mr. Paul Farquharson, President and C.E.O. of the Company commented: “We are pleased to have recently filed a positive Feasibility Study that fundamentally de-risks the project and has also identified opportunities to significantly optimize the project and add additional value in the very short term.  We are taking a proactive and strategic approach to optimize these areas including mineral resources, mineral reserves and the flow sheet at the CPF in parallel with detailed engineering.  We have recently commissioned a 5,000 foot drill program that is half completed and commissioned a new mine plan to improve detail in the mine design to reduce planned dilution.  We have been receiving strong interest for off-take from various parties across the battery supply chain since the release of the economic results of the Feasibility Study in addition to advancing discussions with the parties that we have engaged over the past year.  The dynamic electric vehicles and lithium ion batteries market has evolved rapidly during the past few months with the focus of reducing cost per kWh.  This has a direct impact on the cobalt supply chain and precursor material production in the Chinese market.  Strong demand and changing dynamics has presented us with alternative upstream product opportunities to evaluate that can potentially result in optimization of the flowsheet at the CPF and its operating and capital costs.”

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