Primary Cobalt (CSE-PRIM) (“Primary” or the “Company”) that further to its news release on May 8th, 2018 announcing it has signed a letter of intent (“LOI”) with Exco Mining SA, (“Exco”), has engaged Derrick Strickland, P.Geo., MBA to write a NI 43-101 report and undertake due diligence on two exclusive Cobalt, Copper, Nickel and Manganese permits in Almeria and Granada provinces in southern Spain and two Vanadium permits in Badajoz, in central Spain totalling 500 sq.miles/130,000 hectares (collectively the “Four Permits”).
Primary Cobalt (CSE-PRIM) (“Primary” or the “Company”) that further to its news release on May 8th, 2018 announcing it has signed a letter of intent (“LOI”) with Exco Mining SA, (“Exco”), has engaged Derrick Strickland, P.Geo., MBA to write a NI 43-101 report and undertake due diligence on two exclusive Cobalt, Copper, Nickel and Manganese permits in Almeria and Granada provinces in southern Spain and two Vanadium permits in Badajoz, in central Spain totalling 500 sq.miles/130,000 hectares (collectively the “Four Permits”). Site visits are scheduled to commence on May 14th.
Derrick Strickland, P.Geo., MBA serves as a Geological Consultant and holds over 30 years of industry experience. Mr. Strickland is has severed as a director and advisor to several junior exploration companies. This experience includes President/Director and management of exploration projects in remote locations, instituting quality assurance programs, providing geological technical expertise and leadership to resource companies at the board level. His international geological experience encompasses a wide range of commodities – gold, uranium, diamonds, potash and copper, in addition to other specialty minerals and deposit types. Mr. Strickland has exposure to geological and cultural environments all over the world. He has been a Member of the Association of Professional Engineers and Geoscientists of British Columbia since 2002. He has been Independent Geological Consultant since 2001 and self- employed Geologist since 2000.
Primary option agreement includes four strategic assets in Spain:
Buran Cobalt Project, Almeria, South East Spain – 125 sqmi
Beatrix Cobalt Project, Granada Spain – 89 sqmi
Odin Vanadium Project, Badajoz, Spain – 144 sqmi
Altair Vanadium Projects, Badajoz, Spain- 141 sqmi
Patrick Morris, CEO of Primary Cobalt states: “We are pleased to be completing the due diligence and initial N.I. 43-101 report spearheaded by world class geologist Derrick Strickland. Mr. Strickland will be working closely with our joint venture geologist at Exco Mining who are co-ordinating site visits and collecting additional surface and sub surface samples for analysis. This is another major step towards accelerating both our short and medium-term goals toward expanding our search for ethically sourced world class battery mineral assets.”
The technical information contained in this news release has been reviewed and approved by Daniel Porras, Dipl.-Geol, member European Federation of Geologists (“EFG”) who is a Qualified Person as defined under National Instrument 43-101.
PRIMARY COBALT CORP. (CSE: PRIM)is a listed junior exploration company and is engaged in the business of acquiring, exploring and developing ethically sourced Cobalt, Copper, Nickel, Vanadium and REE ,focussed mineral resource properties to create value for its shareholders.
ACQUISITION FOCUS – Other projects Primary is investigating are in the clean energy sector. In this sector, the Company is focused specifically upon exploration opportunities to source green energy power minerals for use in battery production. Primary’s interests in this sector are guided by the following:
- Identifying opportunities in regions that are conducive to mining due to the regulatory nature of the government with existing infrastructure.
- Identifying opportunities in geographical locations that provide easy access large markets for these metals.
- Identifying opportunities with locations with existing mine shafts.
ON BEHALF OF THE BOARD OF DIRECTORS
/s/ Patrick Morris
Patrick Morris, CEO
Telephone: +1 778-735-1000
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.