Northern Cobalt’s share price surges 11% after stake in Vanadium project
Date: Dec 20, 2018
Northern Cobalt Ltd’s [ASX:N27] share price is trading 11.11% higher, following news that that it has acquired 100% of a Vanadium project based in Southern Alaska, compounding an already good week in share price performance.
Northern Cobalt has 48 mineral claims staked in the vanadium project. Which is likely to have a very low-cost acquisition and large scale potential.
That type of potential is exciting for Northern cobalt. The company already deals with the acquisition, exploration and development of battery and strategic metals such as cobalt, lithium and REE. Naturally, its vanadium project carries over exposure for the metal in vanadium flow batteries.
Which is a key player for future global economic growth.
That’s why resource analyst Jason Stevenson believes the most lucrative stocks can be found in this sector, read his report here for free.
Northern Cobalt’s share price reaps large scale potential
Key infrastructure requirements are already in place for the vanadium project at the Snettisham Hydroelectric power plant, housing great potential for the vanadium project to offer large-scale operations.
But there are conditions for processing and exporting vanadium.
Luckily, Northern Cobalt’s vanadium project is ready to take advantage of the facilities already in place. With its close proximity to the Snettisham Hydroelectric power plant, it offers cheap electricity in order to perform magnetic separation and operation of grinding facilities.
