M2 Cobalt (TSXV:MC, FSE:A0K, OTCQB:MCCBF) was recently featured in a Caesars Report article outlining the company’s aggressive approach towards their Uganda cobalt projects.
The article recognizes that recent plays in the cobalt market have left investors somewhat disillusioned and that it can be frustrating to see how companies with “strong teams and exciting projects are being sold off as well.” M2 Cobalt is making tremendous progress on their Uganda-based exploration projects and yet the company is seeing their share prices dropping. It’s been made clear that the company’s share prices aren’t dropping because of disappointing exploration results and the article looks to delve deeper into the achievements of M2 Cobalt in the 4 months it has been trading.
The company has seen some serious insider buying indicating that the management thinks that their share prices are too low. Moreover, cobalt as a commodity and the cobalt sector as a whole is booming as demand for EV batteries continues to increase. “The main issue with cobalt is that the world supply is relying on an uninterrupted supply from the Democratic Republic of the Congo (DRC), which accounts for approximately 2/3rd of the world production of cobalt, a figure which is forecasted to grow.” The article goes on to say that relying on DRC to meet the global supply isn’t the most stable option as the supply chain could be easily disrupted.
To read the full report, click here.
Click here to connect with M2 Cobalt (TSXV:MC, FSE:A0K, OTCQB:MCCBF) for an Investor Presentation
Source: www.caesarsreport.com
