Global Energy Metals CEO and Strategic Advisor Share Thoughts on Cobalt Market

Global Energy Metals (CVE: GEMC) President and CEO, Mitchell Smith and Strategic Advisor, Chris Berry, joined Steve Darling from Proactive Investors to talk about the cobalt space and the factors affecting it.

 

 

Global Energy Metals’ Strategic Advisor and energy metals analyst, Chris Berry comments that there is “a lot of confusion right now around what the ultimate battery chemistry is going to be and how much cobalt is going to be used.” He continues in saying that “battery makers globally are going to use less cobalt per battery but going forward are still going to be using much, much more cobalt in the battery business in the next 5-10-15 years.”

Highlighting the investment opportunity cobalt presents to the battery and electric vehicle markets, Chris Berry explains that “the key is as an investor in the cobalt space that you need to be thinking about where are the projects that offer geographic diversity of supply of cobalt and that’s where companies like Global Energy Metals come into play.”

Smith tells Proactive that “Although the price of cobalt has retraced back from its highs in 2017 and early 2018, those fundamentals are strong and that the fact remains, the world is still going to need cobalt. That’s why we believe that this pullback and general lack of hype surrounding cobalt right now makes it a great time for investors to get or increase their cobalt positions through companies like Global Energy Metals.”

 

Chris Berry, Strategic Advisor
Chris has been an independent analyst since 2009 with a focus on Energy Metals including lithium, cobalt, graphite, vanadium, and rare earth. He is Founder and President at House Mountain Partners. His research provides strategic insights to institutional clients and has a specific focus on how disruptive trends in energy, strategic metals, and technology create opportunities. Before shifting focus to the analysis of these trends, Chris gained twelve years of capital markets experience on both the buy side and sell side. He speaks at conferences in North America, South America, Europe, and Asia and is frequently quoted in the press including the Financial Times providing insights around raw material supply chain dynamics. Chris has additional experience as the co-founder of a start up for investors which dealt with “computing with words.”

 

Global Energy Metals Corporation
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
Global Energy Metals is focused on offering security of supply of cobalt, a critical material to the growing rechargeable battery market, by building a diversified global portfolio of cobalt assets including project stakes, projects and other supply sources. GEMC anticipates growing its business by acquiring project stakes in battery metals related projects with key strategic partners. Global Energy Metals currently owns 70% of the Werner Lake Cobalt Mine in Ontario, Canada, has an option to acquire an 85% interest in two cobalt exploration projects in Nevada, 150km East of the Tesla Gigafactory, and has entered into an agreement to acquire 100% of the Millennium Cobalt Project and two neighbouring discovery stage exploration-stage cobalt assets in Mt. Isa, Australia.

 

 

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