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Morningstar - August 8, 2018
Sherritt Publishes Cobalt Reference Price and Warrant Conversion Ratio for August 2018 NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE...
Exchange under the symbol “S”. 1 The “Metal Bulletin High Price” means the Cobalt low grade Metal Bulletin free market US$/lb in warehouse

Sherritt will calculate and publish the Applicable Reference Cobalt Price based on the simple average of the midpoint of the Metal Bulletin High Price and the Metal Bulletin Low Price1, expressed in US dollars per pound, for the three consecutive full calendar months immediately preceding each monthly Conversion Ratio Reset Date. Reference Date: July 31, 2018 Applicable Reference Cobalt Price: US$40.93

Unknown - August 9, 2018
Chinese cobalt sulfate prices continued to edge lower, although the pace of decline slowed as spot prices have fallen to below production costs.

Weak sentiment amid the persistent fall in international cobalt prices, the seasonal consumption lull, tight cash flows, and suppliers' urgency to destock ahead of further price drops all helped send mainstream spot transaction prices below 100,000 yuan per tonne…"The market seems to have entered into a deadlock - trading has been thin as neither suppliers nor consumers have a clear projection on the price outlook," a producer said…Metal Bulletin assessed the low-grade cobalt price at $33.85-35.15 per lb on August 8, down 18.4% from two month ago…Chinese cobalt metal prices dropped to their lowest level since November 2017 on Wednesday, with weak consumption continuing to dent spot activity.

EVs & Energy Storage
The Wall Street Journal - August 9, 2018
John Goodenough strives to ‘transform the battery world’ with a second breakthrough in speed and capacity
of today’s electronic goods. His work made batteries more powerful and portable by introducing lithium cobalt oxide to their inner workings.

Four decades ago, John Goodenough helped invent the battery that is used to recharge cellphones, iPads and many other of today’s electronic goods. His work made batteries more powerful and portable by introducing lithium cobalt oxide to their inner workings…Now Dr. Goodenough wants to kill off that creation by removing the cobalt that meant his lithium-ion battery could charge faster and last longer. In April, the World War II veteran published research with three co-authors that he said is being used to develop a prototype of a liquid-free and cobalt-free battery…But developments in batteries have been limited since Dr. Goodenough helped invent the lithium-ion battery in 1980. While there are already batteries that don’t use cobalt, none are as powerful as the lithium-ion version with cobalt…Dr. Goodenough and his research partner, Maria Helena Braga, say initial research shows their battery potentially has double the energy density of the lithium-ion battery…This battery also increases in capacity over time, he said. Currently, the ability of batteries to store energy degrades with use…Some engineers have expressed skepticism in what Dr. Goodenough says the battery can do, particularly that it can increase capacity with use.

Morningstar - August 9, 2018
By Timothy W. Martin This article is being republished as part of our daily reproduction of articles that also appeared in the U.S....
over a decade to develop technologies in fields such as medical devices, rechargeable batteries for electric cars and the initial bet on

The Samsung conglomerate said it will invest more than $22 billion over the next three years to target such areas as artificial intelligence and auto-technology components, as it seeks out growth drivers beyond phones and memory chips…The South Korean firm's focus on auto tech has accelerated after it announced in late 2016 an $8 billion deal to buy Harman International Industries Inc., the company's largest-ever acquisition. It also launched a $300 million auto-tech investment fund last year…Samsung last announced significant conglomerate-wide investment plans for new businesses in 2010, committing more than $20 billion over a decade to develop technologies in fields such as medical devices, rechargeable batteries for electric cars and the initial bet on biopharmaceuticals.

Reuters UK - August 8, 2018
KINSHASA (Reuters) - Congo’s President Joseph Kabila will not stand in the election scheduled for December, a spokesman said, finally...
Congo is Africa’s top producer of copper and the world’s leading miner of cobalt, which is prized for its use in batteries for electric cars

Congo’s President Joseph Kabila will not stand in the election scheduled for December, a spokesman said, finally agreeing to obey a two-term limit but picking a hard-core loyalist under European Union sanctions to stand instead…The announcement on Wednesday by spokesman Lambert Mende that former interior minister Emmanuel Ramazani Shadary would represent Kabila’s ruling coalition in the Dec. 23 vote came just hours before the deadline to register candidates …The selection of Ramazani, 57, is, however, a defiant move. He is under EU sanctions for alleged human rights abuses, including deadly crackdowns by security forces on protesters…Kabila’s choice of a die-hard loyalist suggests that the president, who came to power after his father’s assassination in 2001, intends to remain closely involved in national politics. He will be eligible to run again in 2023…Kabila will remain at the head of his People’s Party for Reconstruction and Democracy (PPRD) and has installed loyalists across the federal bureaucracy, including in the courts and in the military…Ramazani, a former governor of the eastern province of Maniema, served as interior minister from late 2016 until this February, when he was named permanent secretary of the PPRD…He is a combative defender of Kabila and oversaw repeated crackdowns on protesters and pro-democracy groups as interior minister, especially in the aftermath of Kabila’s refusal to quit power when his mandate expired in December 2016…Opposition leaders fear the goodwill Kabila could earn from not seeking a new term could make it easier for his coalition to cheat and are concerned about electronic voting machines due to be used for the first time…A nationwide opinion poll last month showed opposition candidates collecting a significant majority of the vote with potential candidates from the ruling coalition trailing far behind…The joint leader in that poll, former provincial governor Moise Katumbi, was refused re-entry to Congo at the weekend after two years in exile and has been unable to register. Ramazani did not receive enough votes to be included in the poll’s results.

Yahoo! News - August 8, 2018
Kinshasa (AFP) - The second largest country in Africa, the Democratic Republic of Congo is blessed with abundant raw materials and minerals...
, tropical timber, gold, diamonds and other minerals. But competition for the wealth has bred conflict, graft, smuggling and mismanagement.

It is a nation plagued by conflict and disunity. While the official language is French, it has four indigenous national and 200 vernacular languages, hampering the forging of a national identity since independence in 1960…Civil war broke out almost immediately after independence and the DRC has since been run by a series of strongmen…Kabila's son Joseph inherited the presidency after his father was killed by a bodyguard in 2001…Kabila was meant to step down in 2016 at the end of a two-term limit, but declined…Two wars in the DRC in the late 1990s and early 2000s dragged in at least six armies and left more than three million dead in Africa's deadliest conflicts in recent history…In January 2018, the UN said there were some 4.25 million displaced persons in the country and 600,000 DR Congo refugees in sub-Saharan Africa…The DRC has the potential to be one of Africa's wealthiest countries "if it can overcome its political instability," the World Bank says…It is the world's leading producer of cobalt, a key ingredient in top-range batteries including for smartphones and electric cars…But competition for the wealth has bred conflict, graft, smuggling and mismanagement. The watchdog Transparency International ranked it 156 out of 176 countries in its 2016 corruption index…the DRC still ranks among the world's poorest countries.

For further information about the NICO Project and its Mineral Reserves, please refer to the Technical Report on the Feasibility Study for NICO, entitled "Technical Report on the Feasibility Study for the NICO-Gold-Cobalt-Bismuth-Copper Project, Northwest Territories, Canada", dated April 2, 2014 and prepared by Micon, which has been filed on SEDAR and is available under the Company's profile at


Fortune Minerals Limited does not endorse or guarantee the accuracy or completeness of any third party publication regarding the Company and accepts no liability for any direct or consequential losses arising from its use. The information contained in third party publications is subject to verification by the user and Fortune is under no obligation to provide, or comment upon, such publications. This communication is not, and under no circumstances is to be construed as, an offer to sell or a solicitation to buy any securities. Any decision to invest in securities in the secondary market or otherwise should only be made after consulting the investor’s own investment, legal, accounting and tax advisors in order to make an informed determination of the suitability and consequences of such investment.


The materials appearing in this email contain forward-looking information. This forward-looking information includes, or may be based upon, estimates, forecasts, and statements as to management’s expectations with respect to, among other things, the size and quality of the Company’s mineral resources, progress in permitting and development of mineral properties, timing and cost for placing the Company’s mineral projects into production, costs of production, amount and quality of metal products recoverable from the Company’s mineral resources, anticipated revenues, earnings and cash flows from the Company's mineral projects, demand and market outlook for metals and coal and future metal and coal prices. Forward-looking information is based on the opinions and estimates of management at the date the information is given, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include the inherent risks involved in the exploration and development of mineral properties, uncertainties with respect to the receipt or timing of required permits and regulatory approvals, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal and coal prices, the possibility of project cost overruns or unanticipated costs and expenses, the possibility that production from the Company's mineral projects may be less than anticipated, uncertainties relating to the availability and costs of financing needed in the future, uncertainties related to metal recoveries and other factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves. Readers are cautioned to not place undue reliance on forward-looking information because it is possible that predictions, forecasts, projections and other forms of forward-looking information will not be achieved by the Company. The forward-looking information contained herein is made as of the date hereof and the Company assumes no responsibility to update them or revise it to reflect new events or circumstances, except as required by law.

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