Supply and Demand Producing Significant Opportunities for Cobalt & Lithium Mining Industry

PALM BEACH, Florida, October 25, 2017 /PRNewswire/ --

According to Paul Farquharson, President and CEO of eCobalt, the future outlook for the electric vehicle and lithium-ion battery markets further supports sustained and long-term demand for cobalt - a critical ingredient in the cathodes of rechargeable batteries. Today's rapidly growing demand for massive energy storage solutions and nanotechnology along with the need for Li-ion batteries to power consumer products ranging from smartphones to electric vehicles increases, the cobalt and lithium mining sector is reaching new levels on a daily basis with major and junior miners increasing mining operations and drilling efforts to meet the demand. This week's active miners include: LiCo Energy Metals Inc. (OTC: WCTXF) (TSX-V: LIC), Freeport McMoRan Inc. (NYSE: FCX), Glencore Plc (OTC: GLNCY), Lithium Americas Corp. (OTC: LACDF) (TSX: LAC) and Vale S.A. (NYSE: VALE)

LiCo Energy Metals Inc. (OTCQB: WCTXF) (TSX-V: LIC.V) is pleased to update its shareholders on the current diamond drilling program for its Teledyne and Glencore Bucke Cobalt Properties situated in Bucke and Lorrain Townships, 6 km east-northeast of Cobalt, Ontario, as originally announced on September 12th, 2017.

The Company has now completed a total of 12 holes for 1,010 metres testing the Main and Northwest zones on the Glencore Bucke Property. Cobalt camp style ineralization has visually been noted in every drill hole that the Company has completed. The historical drilling program outlined two separate vein systems hosting significant cobalt and silver values. The Main Zone, currently is 152 m in length, and the Northwest Zone, measuring 70 m in length. The Main Zone had a north-south strike, which is hypothesized as the southern extension of the #3 vein from the Cobalt Contact Mine located immediately to the north of the Property (Bresee, 1982). Read this and more news for LiCo Energy at: http://www.marketnewsupdates.com/news/wctxf.html

Building on what can be described as a successful start to its exploration program, the Company has decided to add a second drill rig to fast forward the overall exploration program. Furthermore, late last week the Company begun the preparation of the Teledyne property for drilling its initial drill targets. As of Sunday October 22, 2017, this added drill rig commenced drilling on the Teledyne Property. The first drill hole testing the cobalt/silver targets of the Teledyne property that were previously identified by Teledyne Canada Ltd., that are considered to be extensions from the past producing Agaunico Mine. Tim Fernback, President & CEO of LiCo, states, "We are still encouraged with the visual results that have been noted in the drill core to date and also excited with the second drill rig has now started to test the Teledyne Property. The core samples from the initial drill holes have recently been sent to the laboratory for analysis and LiCo is anxiously waiting to receive the results." For more information on LiCo's Teledyne and Glencore Bucke Properties listen to Tim Fernback's latest audio interview with SmallCapVoice.com here: http://smallcapvoice.com/blog/10-23-17-smallcapvoice-interview-with-li ...