As electric vehicles prepare to take the road in numbers unheard of since the advent of the internal combustion engine, Quantum Cobalt Corp. (CSE: QBOT) (FRA: 23B) is poised to join a number of mineral exploration companies in profiting from the demand for tech-friendly resources. Industry analysts predict that the new vigor in demand for EV production will continue to fuel efforts to secure the minerals that provide power to EV batteries. An article discussing this reads: “Bloomberg has estimated that EVs will enjoy a 2 percent share of the auto market by 2020. This is expected to rise to 8 percent by 2025, to 20 percent by 2030, and to at least 35 percent by 2040. These statistics have fueled a great deal of anxiety in some corners, with automakers scrambling to secure supplies. They have also given rise to a very tight global cobalt market. Recently, Volkswagen announced it had failed to secure a long-term supplier for cobalt. In September, the German carmaker put out a tender seeking a five-year supply of the strategic metal at a fixed price but there were no takers at the offer price. Demand for cobalt is expected to surge from 2k tonnes in 2017 to over 300k tonnes by 2030, a stupendous 14,900 percent increase that will see prices reach record levels.”
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About Quantum Cobalt Corp.
Quantum Cobalt Corp. (formerly Bravura Ventures Corp.) is building one of the largest land packages in the prolific mining town of Cobalt, Ontario, Canada, with the option to acquire 100 percent of the Nipissing Lorrain Cobalt Property that includes two separate claims. The property, consisting of 29 claim units for approximately 464 hectares, is located in an historically mined area with rich deposits of cobalt, silver and nickel. The area is easily accessible by road with power and infrastructure nearby. For more information, visit the company’s website at www.QuantumCobalt.com.
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