The Need for Rechargeable Lithium-ion Batteries Continues to Grow,
Thanks to the Electric-Vehicle Revolution, Energy Storage Systems,
And our Desire to Stay Connected with Modern Technology.
In fact, the world now sells as many electric vehicles in a week as it did in a year a decade ago.
Similar to Lithium, Cobalt is another essential metal needed to power the EV revolution. Cobalt is needed for everyday items, making it an essential metal to be secured (Source).
Supply chain bottlenecks have been a persistent feature in the Cobalt market due to an enormous increase in demand for the precious metal.
This is exactly the problem today’s stock pick addresses.
In fact, Cobalt is included in the list of 50 minerals critical to U.S. security and economic stability.
Fuse Cobalt Inc.
Fuse Cobalt Inc. is a mining exploration company headquartered in Vancouver. They aim to become a provider of strategic metals, with an emphasis on Cobalt.
With Demand for battery metals to jump 500% by 2050. Fuse Cobalt Inc. is a rocket ready to set off.
What makes Fuse Cobalt Inc. Stand out from its competition?
Hundreds of exploration companies exist, but only a small percentage of them become producers. Fuse Cobal Inc. is one of those few companies.
Fuse Cobalt Inc. (OTCQB: FUSEF) (TSX: FUSE) has already achieved several early milestones and possesses mining exploration properties in "mining friendly" jurisdictions with easy access to water, power, and a competent labor force.
Fuse Cobalt has a working partnership with Glencore and is located less than a kilometer from a soon-to-be renovated cobalt refinery.
Obama, Trump and Biden Agree…
Trump signaled that challenging China’s efforts to dominate mineral supplies might be a major focus. His administration issued reports on cobalt and the potential for supply shortfalls.
The Obama administration was well aware of how important cobalt was about to become to the global economy — and how dependent the Americans were on overseas sources.
The Biden administration is looking at funding Canadian mining and metals companies, as the new climate law sends U.S. automakers scrambling to find new sources of raw materials for electric vehicles.
6 Reasons Why You Should Keep an Eye on Fuse Cobalt Inc.
The new U.S. Inflation Reduction Act invests $370 billion in alternative mineral supply chains to lessen reliance on China and strengthen North American battery metal supply chains.
Battery metal demand will increase by 500% by 2050.
Early indicators suggest that Canada has several promising resources with the potential to feed the North American Electric Vehicle supply chain.
Mercedes-Benz and Volkswagen are partnering with Canada to secure access to cobalt supplies in North America.
The Biden administration is considering funding Canadian mining and metals industries as the new climate rule forces manufacturers in the United States to seek new supplies of raw materials for electric vehicles.
Fuse Cobalt Inc. intends to conduct intensive drilling exploration on one of its primary sites. These drill targets have already yielded data that indicate further work must be done.
Fuse Cobalt Inc.’s Cobalt Projects
Fuse Cobalt Inc. presently has two exploratory sites in Ontario, Canada, a world-class mining-friendly country.
One of them is Cobalt, ON, a town with a historic mining history of cobalt discovery dating back to the early 1900s. Making Fuse Cobalt Inc. well positioned, with cobalt projects ranging over 620 Hectares.
Fuse Cobalt Inc. in the News
As always, I would recommend that you do your own research starting from here.
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we will be back on Friday with the weekend newsletter
Till then, team Inspired Analyst - Signing off.
Disclaimer
This sponsored post references an opinion and is for information purposes only. It is not intended to be investment/financial advice. Seek a duly licensed professional for investment/financial advice. Please always do your research before investing as you are responsible for any capital-related decisions you make and only you are accountable for the results.