FinancialBuzz.com: Developments in the Metal Mining Market

News provided by

Feb 22, 2017, 08:38 ET

NEW YORK, February 22, 2017 /PRNewswire/ --

According to Transparency Market Research, the global mining metals market is highly dependent on the economic growth of nations. As a nation's economy grows, investments increase in the infrastructure sector, and increasing the demand for mining metals. In the global mining metals field, iron ore, gold, copper, and nickel are the most important investment targets for mining companies, as these premium metals are expected to play a pivotal role in future projects. For example, the rapid growth of economy in China and India has created favorable opportunities for the growth of the market over the course of recent years. Secova Metals Corp. (OTC: SEKZF) (TSX-V: SEK), GoldMining Inc. (OTC: GLDLF), Cruz Capital Corp. (OTC: BKTPF), Ecobalt Solutions Inc. (OTCQB: ECSIF), BonTerra Resources Inc. (OTC: BONXF),

Transparency Market Research indicates that the global base metal mining market projected to reach 160.19 MMT by 2023, which is a CAGR of 5.01% from 2015 to 2023. Major mining metals include lead, copper, zinc, cobalt, and aluminum. Gold, platinum, palladium, and silver are among the precious mining metals. While gold prices are influenced by macroeconomic developments and market uncertainties, demand for other metals, like cobalt, often depends on innovation. Lithium cobalt oxide based batteries for example provide high energy density, higher than other lithium batteries, and therefore are expected to increase in demand. A report by MarketsandMarkets (published by ReportLinker) indicates "that lithium cobalt oxide batteries type is expected to hold a major share of the market by 2022."

Secova Metals Corp. (OTC: SEKZF) (TSX-V: SEK) earlier today just announced that it, "has acquired 1095252 B.C. Ltd., a private B.C. company whose sole asset is the Cobalt Bay property that consists of 36 claims or approximately 1,996 contiguous hectares in Daine township, Quebec.

The Cobalt Bay project is located 102 km north of Secova's Eagle River Project in the Windfall Lake area of Quebec and 209 km north northeast of its Duvay/Chenier project near Amos making this project easily accessible year-round from the Company's existing projects. Historic work on the property has shown that past results have been very promising, including drilling results from 1957 when the New Jersey Zinc Company returned 0.068% cobalt over 4.5 meters, including 1.5 meters of 0.17% cobalt. Secova will use its expertise in the area to develop a systematic exploration plan to determine the extent of the potential cobalt mineralization.

"The Cobalt Bay property is an opportunistic and strategic investment that is consistent with management's goals of enhancing the value of the company for our shareholders," stated Brad Kitchen, C.E.O. and Chairman of Secova Metals Corp. "The Company will use its expertise in assessing historic projects and developing an exploration plan that can effectively and efficiently define a potential resource. There is a huge demand for cobalt and the supply chain dynamics of sourcing non-conflict supply is growing rapidly fuelled by the expected surge in the production of electric vehicles. Value creation for our shareholders is our goal and we will be driving towards potentially discovering an economically minable deposit be it in gold at Duvay/Chenier & Eagle River or cobalt at the Cobalt Bay property."

The acquisition is an arms-length transaction in which the Company will issue 6.0 million common shares by way of a share exchange agreement. In connection with the transaction, the Company will issue a cash finder's fee of $52,500 payable to Anglosphere International Enterprises Limited. The issuance of the acquisition and the finder's fee of common shares are subject to TSX Venture Exchange approval.

GoldMining Inc. (OTCQX: GLDLF) is acquiring and developing projects in Brazil, Colombia, the United States, Canada and other regions of the Americas. The company is advancing its São Jorge Gold Project in northern Brazil, its Titiribi Gold-Copper Project in western Colombia, its Whistler Gold-Copper Project in southern Alaska, and its Rea Uranium Project in the western Athabasca Basin in northeast Alberta, Canada. The Company owns six projects that contain significant gold and copper resources that are detailed in NI 43-101 technical reports, which are available under the Company's profile on SEDAR.

BonTerra Resources Inc. (OTC: BONXF) is a Canadian gold exploration company based in Vancouver, BC focused on continuing to expand its NI 43-101 compliant gold resource on its West Arena Property, part of the world famous Abitibi Greenstone Belt in mining-friendly Quebec. The company recently announced that it has entered into an amended agreement with Sprott Capital Partners, a division of Sprott Private Wealth LP to act as lead underwriter and INFOR Financial Inc. and has agreed to increase the offering size of purchased securities from $12,902,400 to $13,974,800 in gross proceeds.

Cruz Capital Corp. (OTC: BKTPF) an exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties. The company explores for cobalt properties. It holds interests in projects located in North America, including projects in Canada and one project in Idaho, the United States. On Feb 7 2017, the company reported it is now fully DTC eligible on the USA markets. Being fully DTC eligible will now enable USA brokerage firms to clear Cruz shares in their home market not via the Canadian market therefore creating a much more transparent and easily accessible trading situation for the USA market.

Ecobalt Solutions Inc. (OTCQB: ECSIF) committed to providing a unique opportunity for consumers to acquire an ethically sourced, environmentally sound, transparent supply of battery grade cobalt salts, essential for the rapidly growing rechargeable battery and renewable energy sectors, produced safely and responsibly in the United States. "As we move the ICP through Feasibility Study and ultimately into production, the flexibility provided by the Shelf Prospectus will provide the Company access to the capital required to increase value for all our shareholders", commented in the company's latest news release by Paul Farquharson, President & CEO of eCobalt Solutions Inc.

Please SIGN UP NOW at http://www.FinancialBuzz.com to Receive Alerts on Trending Financial News from all these companies. "The Latest Buzz in Financial News"

Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR branding, marketing and advertising for third parties for disseminating news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the "Site") is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions as we purely incorporate public market research along with financial and corporate news. FinancialBuzz.com only regurgitates financial or corporate news through our unique financial newswire and media platform. FinancialBuzz.com expects to be compensated a total of seven thousand dollars for financial news dissemination and pr services by a third party non affiliate for Secova metals corp. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on the Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com

For further information:
Media Contact: [email protected], +1-877-601-1879
Url: http://www.FinancialBuzz.com

SOURCE FinancialBuzz.com