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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Ecobalt Solutions Inc    ECS   CA27888J1084

ECOBALT SOLUTIONS INC (ECS)
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eCobalt : Announces Appointment of V.P. of Investor Relations and Idaho Cobalt Project Mine Controller

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01/09/2018 | 12:31pm CEST

VANCOUVER, Jan. 9, 2018 /CNW/ - eCobalt Solutions Inc. ("eCobalt" or "the Company") (TSX: ECS, OTCQX: ECSIF) is pleased to announce the appointments of Ms. Fiona Grant Leydier to the position of V.P. of Investor Relations, and Mr. Don Rowles to the position of Mine Controller based in Salmon, Idaho.

Ms. Grant Leydier will oversee all corporate communications, investor and public relations functions for eCobalt and its subsidiaries. Ms. Grant Leydier joins eCobalt with over 12 years of experience leading multi-faceted stakeholder communications for international publicly traded companies across diversified industries. With a primary focus on the natural resource sector, Ms. Grant Leydier has led investor relations for numerous companies listed on the TSX and TSX-V in Canada, and advised FTSE 100 and 250 clients in the United Kingdom in the areas of corporate and stakeholder communications.

Mr. Rowles will oversee all accounting and financial reporting aspects of the Idaho Cobalt Project's operations based in Salmon, Idaho. Mr. Rowles, a Nevada licensed CPA, previously served 12 years with Thompson Creek Metals Company as Mine Controller at both Thompson Creek Mine in Challis, Idaho and Mount Milligan Mine in British Columbia, and as Corporate Controller in the corporate office in Denver, Colorado. His experience covers multiple aspects of financial management for private and publicly traded companies.

"The appointment of Fiona as V.P. of Investor Relations and Don as Mine Controller completes an important step in our evolution towards being the first primary Cobalt producer in North America," stated Paul Farquharson, eCobalt's President and CEO. "Fiona's background in communications combined with finance and corporate governance and Don's extensive experience overseeing all accounting and finance related aspects of mining operations will both prove invaluable in advancing the Idaho Cobalt Project through financing and production. They are both great additions to eCobalt's team."

About eCobalt Solutions Inc.
eCobalt is a well-established Toronto Stock Exchange listed company committed to providing ethically produced, environmentally sound, battery grade cobalt products, essential for the rapidly growing rechargeable battery and renewable energy sectors, made safely, responsibly, and transparently in the United States. The Company's ICP, located in East Central Idaho, is the only environmentally permitted, primary cobalt project in the United States. It is 100% owned by the Company's wholly owned subsidiary, Formation Capital Corporation, U.S.

For more information visit www.ecobalt.com.

Cautionary Statement on Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Statements in this news release pertaining to expected financings, filings, uses of proceeds or project completion dates are forward-looking statements. These forward-looking statements are based on assumptions and address future events and conditions and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Forward-looking statements are not guarantees of future results, performance or achievement. These risks, uncertainties and factors include general business, economic, competitive, political, regulatory and social uncertainties; actual results of exploration activities and economic evaluations; fluctuations in currency exchange rates; changes in project parameters; changes in costs, including labour, infrastructure, operating and production costs; future prices of cobalt; variations of mineral grade or recovery rates; operating or technical difficulties in connection with exploration, development or mining activities, including the failure of plant, equipment or processes to operate as anticipated; delays in completion of exploration, development or construction activities; changes in government legislation and regulation; the ability to maintain and renew existing licenses and permits or obtain required licenses and permits in a timely manner; the ability to obtain financing on acceptable terms in a timely manner; contests over title to properties; employee relations and shortages of skilled personnel and contractors; the speculative nature of, and the risks involved in, the exploration, development and mining business.

Such projections are and will inevitably always be dependent on assumptions about future mineral prices and development costs which will be subject to fluctuation due to global and local economic and industry conditions. Further information regarding risks and uncertainties which may cause results to differ from those contained in forward-looking statements is included in filings by the Company with securities regulatory authorities and is available at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Although the Company has disclosed that the ICP remains the sole, near term, environmentally permitted, primary cobalt deposit in the United States and offers a unique potential for North American consumers to secure an ethically sourced, environmentally sound supply of battery grade cobalt products, there is no guarantee that the Company will attain commercial production of such cobalt products for use in the rechargeable battery sector. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws.

The statements contained in this news release in regard to eCobalt that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including eCobalt's beliefs, expectations, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to eCobalt as of such date. It is important to note that actual outcome and the actual results could differ from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative, corporate, commodity price and marketplace changes.

SOURCE eCobalt Solutions Inc.

© Canada Newswire, source Canada Newswire English

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Financials (CAD)
Sales 2018 0,20 M
EBIT 2018 -3,60 M
Net income 2018 -3,45 M
Debt 2018 -
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019 18,22
Capi. / Sales 2018 656x
Capi. / Sales 2019 2,24x
Capitalization 131 M
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Mean consensus BUY
Number of Analysts 3
Average target price 1,58  CAD
Spread / Average Target 93%
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Managers
NameTitle
J. Paul Farquharson President, Chief Executive Officer & Director
Scott Bradbury Hean Chairman
Floyd D. Varley Chief Operating Officer
Marc Tran Chief Financial Officer & Secretary
Robert G. Metka Independent Director
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