Cruz Cobalt Corp is focused on acquiring and developing high-grade battery metals projects in politically stable, environmentally responsible and ethical mining jurisdictions, essential for the rapidly growing rechargeable battery and renewable energy sectors.
We strongly believe that battery metals are poised to garner significant market attention as the demand for lithium-ion batteries continues to increase along with the explosive growth of the electric vehicle industry.
The electric vehicle industry is driving up demand for batteries, and the raw materials used to make them.
Cobalt has not been mined in the US since 1971. USGS reports claim that the government stockpile has 301 tonnes remaining.
Cobalt is one of 3 key minerals used to make Tesla battery packs.
DID YOU KNOW
More than 50% of the global supply of Cobalt comes from the Democratic Republic of Congo.