Canadian cobalt and lithium mine developers are in the preliminary stages of securing financing from investors for upcoming projects. Ecobalt is the first of Canadian’s mining companies to sign an offtake agreement, for funding from its Idaho cobalt project, producing cobalt concentrate. Nemaska Lithium and Mason Graphite, of Canada’s 1,200+ publicly listed mining companies, are next in line to secure funding soon – both have projects in Quebec. These mining companies are looking to secure financing from car and battery makers, which recognize the need for cobalt, lithium, and graphite in electric vehicles. Cobalt forecasts predict a deficit in years to come, putting cobalt miners in a good position to be receiving investments.
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