CobaltInvestingNews.com launches with partners
Formation Metals and Puget Ventures.
November 10, 2010 Vancouver, British Columbia
Dig Media Inc. is pleased to announce the launch of Cobalt
Investing News.com with Puget Ventures Inc. (TSX.V: PVS) and
Formation Metals Inc. (
is the newest addition to Dig Media's network of commodity-focused
websites that make up the Resource Investing News Network.
Dig Media's sites educate investors about what is influencing the
markets, while providing branding and connecting opportunities for
exploration and mining companies.
"Demand for cobalt is growing and investors want to understand
what forces are driving the market and what companies are involved.
Our team of journalists and researchers will provide regular
news and commentary to educate investors on trends and
opportunities that exist in the growing cobalt industry. We
are pleased to have two companies with potential sources of
conflict free cobalt as partners in launching this site," said
Chris Smith, Publisher.
The use of cobalt for rechargeable batteries accounted for 25
percent of total cobalt demand in 2009 and that figure is expected
to grow to as much as 45 percent by 2018. These types of batteries
are widely used in computers, cell phones cordless tools, and
hybrid electric vehicles (HEVs). Each battery in all current
HEVs use approximately 3 to 5 pounds of cobalt, however
lithium-cobalt-ion batteries containing 5 to 7 pounds of cobalt are
expected to be the accepted industry standard for future HEVs.
Global production of HEVs is forecast to reach 8 million
units by 2015 largely driven by demand from Asian and other
Cobalt is widely used by electronics companies who are beginning
to face serious pressure to monitor their supply chains to disclose
the potential sourcing of conflict minerals from countries
abroad. National governments, including the United States,
are passing legislation aimed at stemming the flow of conflict
minerals worldwide. The 2010 US Financial Reform law included
a provision requiring thousands of US companies to disclose steps
they are taking to track cobalt and other minerals used in their
products. The measure is aimed at ensuring only socially
responsible mineral sources are used in the production of their
products, such as those derived from North American mineral
"There is need for more independent, objective information
regarding the supply and demand issues for strategic metals such
cobalt," said Rick Honsinger, Formation Metals Vice President of
Corporate Communications. "We support Cobalt Investing News as an
independent source of information helping to educate investors on
cobalt as they have done with their various websites highlighting
other mineral commodities."
"Conflict free sources of cobalt, represent a significant
opportunity with increasing use of cobalt in electronics and green
technology," says Erin Chutter, President of Puget Ventures.
"Investors need a dedicated source of this information that is
independent of all vested interests so they can get the information
they need to make well informed investment decisions. We believe
Cobalt Investing News.com
will be the go to source for news on this important resource."
Cobalt Investing News.com will provide our investor audience
insight on the macro economics influencing the cobalt markets as
well as specific insight into public companies that are both
exploring and producing.
About Dig Media Inc.
Dig Media's Resource Investing News Networkis made up of
commodity specific sites designed to educate investors about what
is influencing the markets as well as provide information on
publicly traded exploration and producing companies through
exclusive independent commentaries and other aggregated news and
editorial from respected sources. Dig Media's site,
, is the premier web portal for information on investing in
resource companies. With the addition of
, The Resource Investing News Network now has 28 sites
covering a full range of commodities from gold to gas, coal to
diamonds, and rare earths to lithium. For more information on Dig
Media Inc., please contact Chris Smith, Publisher at (604)
688-8231 or visit www.digmediasolutions.com.
About Puget Ventures Inc.
Puget Ventures Inc
is a Vancouver, Canada-based mineral-resource exploration company
focused on the acquisition, exploration and development of
strategic base metals properties, with a focus on cobalt.
Puget Ventures' package of properties encompasses historic deposits
and past Cobalt and Nickel-Copper-PGE producers, including the
historically proven Werner Lake Mineral Belt located in
Northwestern Ontario, Canada.
Puget Ventures and Imperial Mining Holding Ltd. recently
announced that they are to form a multinational cobalt exploration
company with cobalt assets in Russia and Canada and other mineral
assets in Mongolia. Concurrent with this
all-stock-transaction, Puget Ventures intends to seek shareholder
approval to change its name to Global Cobalt Corporation. For more
Information please visit:
About Formation Metals Inc.
Formation Metals Inc.
is a well established mineral exploration, development and refining
company led by a highly qualified technical team of geologists,
permitting specialists, mining engineers and administrative
personnel. Formation's Idaho Cobalt Project, is a shovel
ready, fully environmentally permitted primary cobalt deposit
unique to the United States. The project is in mine finance
stage and has completed Stage I Construction with initial cobalt,
copper and gold metal production targeted for Q4-2011 /
Q1-2012. Formation intends to mine, mill
high purity cobalt metal suitable for critical applications in the
super alloy and rechargeable battery sectors.
Formation Metals, through its wholly owned subsidiaries, also
has interests in other base, precious metal and uranium projects in
Canada, the United States and Mexico. For more Information please
CobaltInvestingNews.com launches with partners Formation
Metals and Puget Ventures
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