Cruz Cobalt Corp is focused on acquiring and developing high-grade Cobalt projects in politically stable, environmentally responsible and ethical mining jurisdictions, essential for the rapidly growing rechargeable battery and renewable energy sectors.
As the foremost cobalt project generator and developer in North America, we strongly believe that cobalt is poised to garner significant market attention as the demand for lithium-ion batteries continues to increase. Furthermore, any meaningful increase in the price per pound of Cobalt could spur substantial investment activity in the sector. As a leader in cobalt project generation and development, Cruz Cobalt is proud to be at the forefront of this 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.