An emerging Canadian cobalt exploration and development company has announced the appointment of a new Director, as the company continues to significantly expand its footprint across Canada.
Cobalt Power Group, listed on the Toronto Stock Exchange (TSX) has appointed Mr. Isac Burstein, previously a leader of the well-established senior mining producer Hocshschild Mining, which has only recently entered into an agreement with Cobalt to establish a strategic alliance.
Burstein joins Cobalt with a wealth of experience in the exploration space, having been a geologist since 1995. His career has taken him through the position of VP Exploration and Business Development, Manager, Exploration Manager and Exploration Geologist.
"We would like to welcome Mr. Isac Burstein to the board of directors," comments Dr. Andreas Rompel, President & CEO. "His extensive experience in exploration and business development will be an invaluable asset to the company."
Burnstein becomes the seventh member of the company’s Board of Directors.
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As an emerging player, Cobalt Power Group has made a series of strategic property acquisitions over the past year, seeking cobalt mineralization near Cobalt, Ontario - a region with a long history of silver and associated cobalt production. Property holdings including the Canadian Cobalt Project and the Coleman Township properties total approximately 8,544 hectares (21,100 acres) in contiguous and strategic claim blocks. There are several historic mining operations on the properties that are potentially accessible, including the Smith Cobalt shaft and its underground working
Cobalt Power Group looks to tap into the green revolution by becoming a leading supplier of cobalt - a critical component of lithium-ion batteries.
Lithium-ion battery powered transportation and communication are creating an expanding, permanent global market for energy metal commodities (lithium, cobalt, and graphite). Cobalt prices are expected to rise accordingly, driven by rapidly growing global demand for renewable energy systems, as cobalt is a key component in lithium-ion batteries.