AUSTIN, Texas, June 18, 2020 (GLOBE NEWSWIRE) -- SmallCapVoice.com, Inc. (“SCV”) today announces the availability of a new interview with Fuse Cobalt Inc. (“the Company”) (TSXV: FUSE, OTCQB: FUSEF, FRA:43W2) president and CEO Robert Setter, who discusses the development of the Company’s energy metal projects and the increasing value of cobalt in the electric vehicle (EV) industry.
The full interview can be heard at: https://www.smallcapvoice.com/interview-fuse-cobalt-fusef/
Speaking with SCV’s Stuart Smith, Setter explains Fuse’s business model and focus on exploring high value metals through the Company’s two wholly owned properties in Northern Ontario Canada.
Fuse’s strategy is to advance these projects into operations mining cobalt for use in a variety of end-use applications, such as batteries for EVs - a global market expected to reach $802 billion by 2027. Cobalt is a key component used in the majority of EV batteries, and Tesla’s (TSLA) recent deal to buy cobalt from Swiss miner Glencore is a key indicator that the cobalt market is heating up.
“These are exciting times for our company,” Setter told Smith. “We are well-positioned to take advantage of the massive growth that we see coming in the battery market for electric vehicles. Cobalt is considered a strategic metal with the Canadian and the U.S. governments agreeing to work together to secure private sources of cobalt and other strategic metals in North America. We are thankful for the opportunity to share our story with our shareholders and the SmallCapVoice.com listening audience.”
About Fuse Cobalt Inc.
Fuse Cobalt Inc. (FUSE.V) (FUSEF) (43W2.F) is a Canada-based exploration company focused on exploration for high value metals required for the manufacturing of batteries. The company owns a 100% interest in its Glencore Bucke Property, situated in Bucke Township, 6 km east-northeast of Cobalt, Ontario, subject to a back-in provision, production royalty and off-take agreement. The Glencore Bucke Property consists of 16.2 hectares and sits along the west boundary of Fuse’s Teledyne Cobalt Project. Fuse also owns a 100% interest in its Glencore Bucke Property, subject to a royalty, in the Teledyne Project which consists of 785 hectares of land and is also located near Cobalt, Ontario. The Teledyne Property adjoins the south and west boundaries of claims that hosted the Agaunico Mine, a former producer of both silver and cobalt. For more information, visit https://FuseCobalt.com/.
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In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that could cause actual results to differ materially from those contemplated within this press release can also be found on the Company's website. The Company disclaims any responsibility to update any forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements.
Stuart T. Smith