North American Cobalt & Lithium Companies Capitalizing on Increased Demand and Supply Constraints

PALM BEACH, Florida, January 16, 2018 /PRNewswire/ --

North American cobalt companies are capitalizing on the perfect storm of increased global demand coupled with supply constraints in regions known for producing the precious metal, including Africa. With experts forecasting electric vehicles to top 70 million units sold by 2039, the demand for cobalt is set to continue holding strong as it remains an integral part of lithium-ion batteries. Mining and production of the precious metal in North America has increased dramatically over the past few years, and experts believe the numbers will only continue to rise as the Congo sets to increase tax rates. In turn, leaders in the growing industry in North America are scrambling to accumulate assets to capitalize on the tremendously lucrative opportunity at hand, with a vast portion of the market share up for sale due to the increased African tax rates. Notable companies in the industry this week include:  Cruz Cobalt Corp. (OTC: BKTPF) (TSX-V: CUZ), Katanga Mining Limited (OTC: KATFF) (TSX: KAT), First Cobalt Corp. (OTC: FTSSF) (TSX-V: FCC), eCobalt Solutions Inc. (OTC: ECSIF) (TSX: ECS), Advantage Lithium Corp. (OTC: AVLIF) (TSX-V: AAL).

Cruz Cobalt Corp. (OTC: BKTPF) (TSX-V: CUZ) wishes to announce that it has tripled its land holdings surrounding the 'War Eagle' cobalt prospect in BC.  We recently commenced operations on this property.  Cruz has now increased the acreage on the War Eagle cobalt prospect from 4,935 acres to now be 15,219 acres. War Eagle Cobalt Prospect in BC covers a past producing mine and has encountered surface samples of 6.41% cobalt, 3.59% nickel and 7.25% copper (historic data).

James Nelson, President of Cruz states, "We continue to accumulate cobalt assets and acreage with a mandate to focus on ethically sourced cobalt. The global demand for cobalt has never been higher.  Recently, there has been talk out of the Democratic Republic of the Congo which stating that a new tax for mining and specifically cobalt may be implemented.  This would create an additional demand for ethically sourced cobalt.  In addition, President Trump has announced that the USA wants to domestically source battery metals such as lithium and cobalt to avoid foreign imports of these strategic commodities.  This is a very positive step as Cruz has projects in Canada as well as in Idaho and Montana.  We plan to be active on both of the USA Cobalt projects in 2018 and currently are active in Canada.  We are very optimistic about 2018 as we enter the year with more cash in the bank than any other time and cobalt prices at nine year highs." Read this and more news for Cruz Cobalt Corp at:  http://www.marketnewsupdates.com/news/cuz.html