Demo Plant will be fully operational next month in May which will prove large scale production COB mentioned mid year for partner agreement. Most likely June. Governments and customers just waiting for Demo plant to prove scale production.
Situation 1. LG is a current shareholder COB has meet with the south Korean Government COB has mentioned that during the pilot plant a customer requested a larger sample for verification (LG?) If so then this customer will be finishing up on the verification process by now.
Deal: South Korea to help with cheap finance. All or most of of take is for LG
Situation 2. COB has meeting with the USA government team USA government lists cobalt as a very high critical mineral. Ranked Number 3 on their report
Deal: USA Government to help with cheap finance. Off take is spread between a few battery makers in the USA and a portion left for LG.
Where does Australia and Japan stand. Will they jump in?
COB Price at posting:
83.0¢ Sentiment: Hold Disclosure: Held
