VANCOUVER, Dec. 5, 2017 /CNW/ - eCobalt Solutions Inc. (TSX: ECS; Frankfurt: ECO; OTCQX: ECSIF) ("eCobalt" or the "Company") is pleased to announce that it will begin trading its shares on the OTCQX® Best Market under the symbol "ECSIF" effective today, as announced by the OTC Markets Group.
OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, announced today that eCobalt has qualified to trade on the OTCQX® Best Market. eCobalt upgraded to OTCQX from the OTCQB® Venture Market. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
eCobalt was sponsored for OTCQX by Scarsdale Equities LLC, a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership.
"We are very pleased to begin trading on OTCQX which will provide us with additional exposure to both institutional and retail U.S. investors," stated Paul Farquharson, President & CEO of eCobalt. He continued, "A recently completed feasibility study on our advanced flagship project, the Idaho Cobalt Project, has laid the path forward for project optimization, near term construction and production of environmentally sound cobalt products produced responsibly in the United States. Cobalt is a critical component in rechargeable batteries utilized in the rapidly growing electric vehicle sector."
About eCobalt Solutions Inc.
eCobalt is committed to providing a unique opportunity for consumers to acquire ethically sourced, environmentally sound, transparently supplied cobalt products, essential for the rapidly growing rechargeable battery and renewable energy sectors, produced responsibly in the United States. The company is dedicated to the principles of environmentally sound mining and refining practices. Through its wholly owned subsidiaries it has interests in base and precious metals and uranium projects in Canada, United States and Mexico. The Company's primary asset, is the 100% owned, fully NEPA permitted Idaho Cobalt Project (ICP). It is the only primary cobalt deposit in the United States. The ICP is comprised of the mine and mill near Salmon, Idaho and the proposed cobalt production facility for refining ICP mine concentrate in Blackfoot, Idaho. The ICP mine site is now fundamentally prepared to commence underground development contingent on successful conclusion of mine financing.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market, and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, it connects a diverse network of broker-dealers that provide liquidity and execution services. OTC Markets enables investors to easily trade through the broker of their choice and empowers companies to improve the quality of information available for investors.
eCobalt Solutions Inc.
"J. Paul Farquharson"
J. Paul Farquharson
President & CEO
Cautionary Statement on Forward Looking Statements
This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Statements in this news release pertaining to expected financings, filings, uses of proceeds or project completion dates are forward-looking statements. These forward-looking statements are based on assumptions and address future events and conditions and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements.
Such projections are and will inevitably always be dependent on assumptions about future mineral prices and development costs which will be subject to fluctuation due to global and local economic and industry conditions. Further information regarding risks and uncertainties which may cause results to differ from those contained in forward-looking statements is included in filings by the Company with securities regulatory authorities and is available at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Although the Company has disclosed that the Idaho Cobalt Project remains the sole, near term, environmentally permitted, primary cobalt deposit in the United States and offers a unique potential for North American consumers to secure an ethically sourced, environmentally sound supply of battery grade cobalt chemicals, there is no guarantee that the Company will attain commercial production of such cobalt chemicals for use in the rechargeable battery sector. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws.
The statements contained in this news release in regard to eCobalt Solutions Inc. that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including eCobalt Inc.'s beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to eCobalt Solutions Inc. as of such date. It is important to note that actual outcome and the actual results could differ from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative, corporate, commodity price and marketplace changes.
SOURCE eCobalt Solutions Inc.
For further information: eCobalt Solutions Inc., 1810 - 999 West Hastings Street, Vancouver, BC, V6C 2W2, Tel: 604-682-6229 - Email: [email protected] - Web: ecobalt.com