Stockhouse readers are likely familiar with the rising demand for battery metals as electric vehicle sales are expected to hit 4 million by 2020. While demand is rising, the known supply in the ground isn’t overly abundant, especially for one key mineral - cobalt. Nearly two-thirds of global cobalt output comes from the Democratic Republic of Congo, which has made headlines for its geopolitical and social risks. Many companies and investors are quickly looking for opportunities elsewhere.
This is where Bluebird Battery Metals Inc. (TSX: V.BATT, OTCQB: BBBMF, Forum) comes in. The mineral exploration Company is mainly focusing on the two crucial minerals to EV battery production – cobalt and nickel. It is also acquiring and advancing projects in two of the top five producing countries – one in Canada and three in Australia.
The latest acquisition came in early June 2018; when Bluebird took an important step to secure 100% of the Oberon Gold Property in New South Wales, Australia. This project offers 202 sq. km. within the emerging Bungonia Battery Metal Cobalt District. Bluebird has several other drill-ready projects and a vast portfolio of underexplored polymetallic projects.
Stockhouse Editorial recently had the chance to catch up with Bluebird CEO and Chairman Peter Ball about why now the perfect time, and why these are the right commodities in excellent locations.
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