FinancialBuzz.com’s latest Buzz on the Street: Corporate News Recap on “Declan Cobalt’s Tisova Poly Metallic Volcanic Massive Sulfide (VMS) Project.”
Declan Cobalt Inc. (OTC: DCNNF) (CSE: LAN), after acquiring land concessions in Germany and the Czech Republic, Declan Cobalt has used historical data to better understand the mining operations they are conducting. Using documents held by the former mine operators and scholarly writings on the history of the mine, the company was able to use 3D mapping and find the best place to begin drilling for Cobalt and Copper.
Declan Cobalt is an exploration company focused on the acquisition and development of deposits of production grade metal which are critical components to power storage solutions including lithium-ion batteries for electric vehicles and consumer electronics. Declan Cobalt Inc.’s key assets are located in Germany and the Czech Republic. The Kraslice Sequence host contains discrete copper/cobalt bearing VMS horizons.
According to a report published by Technavio Market Research, the global cobalt market is expected to grow at a compound annual growth rate (CAGR) of 9% during the period of 2018-2022. Based on application, the cobalt market is segmented into batteries and electronics, super alloys, pigments and hard materials. In 2017, the batteries and electronics segment held the largest market share, accounting for nearly 48% of the market. The battery chemicals sector is expected to grow at a rate of 10% during the forecast period. Recyclability of the metal is one of the key features for the cobalt market as the demand for cobalt is increasing rapidly.
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