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Fortune In The Media
 
Unknown - January 10, 2019
(Canadian Mining Journal) - Cobalt is a technology and energy metal with unique physical and chemical properties making it ideal for use in a wide range of metallic and chemical applications.
 
 
Cobalt
 
Unknown - January 10, 2019
Increased numbers of spot market inquiries exposed the greater availability of cobalt in Europe in the first half of the week that began on Monday January 7

Standard-grade cobalt prices dropped to $24.75-26.25 per lb, in-warehouse, on January 9…Alloy-grade prices remained slightly lower on January 9, at $24.50-26.25 per lb, according to Fastmarkets' assessment…"…The retreat of prices from the near-10-year highs seen in April last year - which themselves resulted from the buzz around demand from the battery sector and the tightness of supply - has meant that buyers were now reluctant to purchase more material than they required immediately…"Everyone is scared to buy when the price goes down. It's like all the traditional consumers have forgotten about the electric vehicle story. But they might find that's a dangerous approach," a third trader said.

 
 
EVs & Energy Storage
 
Reuters UK - January 10, 2019
(Reuters) - Global automakers are planning a $300 billion surge in spending on electric vehicle technology over the next five to 10 years,...
$90 billion on electric vehicle development. The $300 billion that automakers have earmarked to put electric vehicles into mass production

Global automakers are planning a $300 billion surge in spending on electric vehicle technology over the next five to 10 years, with nearly half of the money targeted at China, accelerating the industry’s transition from fossil fuels and shifting power to Asian battery and electric vehicle technology suppliers…China for decades played catch-up to German, Japanese and American automakers, which dominated internal combustion vehicle technology. Now, China is positioned to lead electric vehicle development, industry executives say…“The future of Volkswagen will be decided in the Chinese market,” said Herbert Diess, chief executive of VW…Speaking earlier this week to a small group of reporters in Beijing, Diess said China “will become one of the automotive powerhouses in the world.”…Diess added, “We have very clear policies established here in China. Policymakers and regulators are requiring” a shift to electric vehicles.

 
Reuters Canada - January 9, 2019
SEOUL (Reuters) - South Korea’s LG Chem said on Thursday that it plans to invest a total of 1.2 trillion won ($1.07 billion) to expand its two battery plants in China by 2020 in a bid to meet rising global demand. Under the investment plan, LG Chem will spend 600 billion won each at an electric

South Korea’s LG Chem said on Thursday that it plans to invest a total of 1.2 trillion won ($1.07 billion) to expand its two battery plants in China by 2020 in a bid to meet rising global demand.

 
ScienceDaily - January 9, 2019
Researchers have developed a model to determine the lifetime costs of 9 electricity storage technologies for 12 different applications between 2015 and 2050. The model, which predicts lithium-ion batteries to be the cheapest technology in the coming decades.

"We have found that lithium-ion batteries are following in the footsteps of crystalline silicon solar panels," says senior author Iain Staffell, a lecturer at the college's Centre for Environmental Policy. "Lithium-ion batteries were once expensive and suited only to niche applications, but they are now being manufactured in such volumes, their costs are coming down much faster than the competing storage technologies."…The model, which incorporates data from more than 30 peer-reviewed studies, shows that at present, the cheapest energy storage mechanism is pumped-storage hydroelectricity, where water is pumped to a higher elevation with spare energy, then released to harvest the energy when needed. However, as time progresses, pumped-storage hydroelectricity costs do not decrease, whereas lithium-ion battery costs come down, making them the cheapest option for most applications from 2030…He adds that the model doesn't say anything about whether lithium-ion batteries are the best-suited technology for stationary storage, but because it has such a head start in the market, it is best poised to be the cheapest option in the immediate future.

 
 
Congo
 
The Guardian - January 10, 2019
Riot police deployed amid fears of violence over alleged vote-rigging

Felix Tshisekedi, the leader of the Democratic Republic of the Congo’s main opposition party, has been declared the surprise winner of the 30 December presidential election in the vast central African country…The result, announced early on Thursday, theoretically means the first electoral transfer of power in 59 years of independence in the DRC, but was deeply controversial because another opposition figure, Martin Fayulu, had held a healthy lead in pre-election polling…It has also surprised some observers who believed authorities would ensure victory for the government candidate, Emmanuel Ramazani Shadary, who was hand-picked by outgoing president Joseph Kabila as his successor…Official figures published by the electoral commission gave Tshisekedi 38%, four points ahead of Fayulu, even though pre-election polls had put Fayulu at least 20 points ahead of Tshisekedi…Fayulu, a respected former business executive, immediately rejected the result, which he called an “electoral coup”…Vote tallies compiled by the DRC’s Catholic church found Fayulu clearly won the election, two diplomats told Reuters, raising the spectre of protests that many fear could lead to violence…Adeline Van Houtte, research analyst for west Africa at the Economist intelligence Unit, said the delay raised suspicions that the government wanted time to negotiate a backroom deal with Tshisekedi…“A Tshisekedi presidency would be the least bad alternative to a Shadary victory for the regime as it would put a veil of legitimacy on the electoral process and would be more manageable than a Fayulu presidency,” Van Houtte said…The church, a powerful institution in this devout country, will now play a key role…An endorsement of the result by senior clerics would assure the legitimacy of the outgoing government, electoral institutions and Tshisekedi’s win. A rejection would encourage Fayulu and supporters to launch a campaign of protest that would exacerbate the DRC’s chronic instability…If Tshisekedi’s victory is confirmed in the next 10 days by the constitutional court, he will be the first leader to takes power via the ballot box in the DRC since prime minister Patrice Lumumba shortly after the DRC won its independence from Belgium in 1960. Lumumba was toppled in a coup and killed four months later…The DRC suffers from widespread corruption, continuing conflict, endemic disease, and some of the world’s highest levels of sexual violence and malnutrition. It is also rich in minerals, including those crucial to the world’s smartphones and electric cars.

 
The Washington Post - January 10, 2019
1. What did the official results show? Tshisekedi garnered 7.05 million votes, Fayulu 6.37 million and Shadary 4.36 million, according to...
for two-thirds of global production of cobalt, a metal used in rechargeable batteries needed by electric vehicles, and has deposits of gold,

The Democratic Republic of Congo, sub-Saharan Africa’s biggest country, looks set to witness its first-ever transfer of power via the ballot box after opposition leader Felix Tshisekedi, 55, was declared the provisional winner of Dec. 30 presidential elections…Tshisekedi garnered 7.05 million votes, Fayulu 6.37 million and Shadary 4.36 million, according to tallies released by the National Independent Electoral Commission in the capital, Kinshasa. About 18.3 million votes were cast, a turnout of less than 50 percent…Why is Fayulu crying foul?...A former Exxon Mobil Corp. manager who heads a small party in the National Assembly and won backing from several heavyweight politicians, Fayulu alleges that the results were fabricated. He’d previously complained about broken voting machines, delays and vote-buying on election day. The New York Times cited a senior adviser to Kabila as saying that a body representing Congo’s Catholic bishops believes Fayulu won based on results collected by members of its 40,000-strong observer mission…Congo, a nation of about 81 million, accounts for two-thirds of global production of cobalt, a metal used in rechargeable batteries needed by electric vehicles, and has deposits of gold, diamonds, tin and coltan, an ore that contains a metal used in mobile phones. 

 
 
fortuneminerals
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 www.sedar.com.

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CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

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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