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Cobalt Blue to present cobalt strategy at Renewable Metals Connect in London

CEO Joe Kaderavek will speak at the conference on Thursday and will host one-on-one meetings.

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The company has an integrated cobalt strategy to serve growing electric vehicle demand

Cobalt Blue Holdings Ltd (ASX:COB) will present its integrated cobalt supply strategy at the Renewable Metals Connect conference in London on Thursday, November 22.

The company’s CEO Joe Kaderavek will speak at the conference and will host one-on-one meetings with potential investors and financiers.

Renewable Metals Connect will be held at The Grange City Hotel in London and is organised by Solar Media.

READ: Cobalt Blue will use review to improve technical robustness of world-class cobalt project

The event will bring energy metal companies and institutional investors together to discuss, network and create business relationships.

There was US$76.7 billion invested in renewable energy in the June quarter of 2018 alone and renewables make up around 17% of power consumption globally and this is growing.

Energy transition

Solar, storage, wind and electric vehicles are at the forefront of the transition to low carbon power generation and are reliant on a few metals - lithium, cobalt, nickel, manganese, copper and rare earths.

With a supply chain scattered across the globe and pockets in politically unstable countries, some industry insiders forecast shortages in key metals needed to fulfil legally binding commitments made by 170 countries to reduce emissions.

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Cobalt Blue intends to play its part in a cleaner energy future with its vertically integrated supply strategy focused on the Thackaringa Cobalt Project near the mining centre of Broken Hill.

Kaderavek will outline the pure-play cobalt focused company’s strategy during his presentation at Renewable Metals Connect.

While efforts are focused on advancing the project, should it be appropriate, other yet to be identified prospects may expand the overall cobalt asset portfolio.

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The company is also seeking to invest in energy storage technologies that may complement the production of cobalt in commercialising battery and associated energy storage technologies.

Of particular interest is the life cycle of rechargeable batteries from ‘cradle’ to ‘grave’ and how such technologies can be used to grow the green energy industry in Australia and around the world.

Cobalt Blue holds a 70% interest in a joint venture with Broken Hill Prospecting Limited (ASX:BPL) (30%) to develop the Thackaringa Cobalt Project.

Quick facts: Cobalt Blue Holdings Ltd

Price: 0.09 AUD

ASX:COB
Market: ASX
Market Cap: $14.39 m
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Full interview: Cobalt Blue on its vision for the Broken Hill Cobalt Project

Cobalt Blue Holdings Ltd (ASX:COB) CEO Joe Kaderavek talks with Proactive's Benjamin Starr about Cobalt Blue and the Broken Hill Cobalt Project. Kaderavek talks about the strategic direction moving forward with the project as well as the pilot and demonstration plant.  

on 14/2/20

3 min read