THE REVOLUTION IS HERE
COBALT TODAY. NICKEL TOMORROW.
Cobalt & Nickel Focused
Battery Metal Revolution
The world is going through a paradigm shift, where renewable energy is becoming more prevalent in society. Electric vehicles are becoming more popular, and most importantly, more affordable as the cost of producing rechargeable batteries is consistently declining. We are approaching cost parity between electric vehicles and traditional ICE vehicles, and expect to reach parity by 2022. Cobalt and Nickel are two vital metals at the forefront of the battery metal revolution.
Cobalt has significant supply risk, as majority of the metal is mined in the DRC. With changes to regulations, and a lack of transparency of mining practices, new, stable sources of cobalt will be needed to feed the increasing demand coming from the upcoming hockey stick growth in electric vehicle demand. The lack of supply, and increased risk of this metal has caused cobalt prices to rise ~120% in 2017 alone.
Research is also being done to reduce the amount of cobalt in common battery chemistries (i.e. NMC-type batteries). By substituting more nickel into the cathode, batteries will become even cheaper. The goal is to reach a ratio of 8 parts nickel, to 1 part cobalt and manganese. This will be achieved in the upcoming decade. But not all nickel is created equal—only roughly 50% of 2017 nickel production was considered “Class 1” nickel, capable of being used in batteries. The remainder “Class 2” nickel, from lateritic sources such as those in the Philippines and Indonesia, are used towards the manufacturing of nickel pig-iron and stainless steel. Furthermore, we have been experiencing a supply deficit for the past two years, and drawing down on inventory. We are currently just at the beginning of a nickel bull market, and demand is only going to increase, as EVs are adopted globally, and across industries including buses and trucks.
Power Ore is positioned to create value from Cobalt today. Nickel tomorrow.
Demand for Electric Vehicles
There is pressure from regulators to reduce carbon emissions from fossil fuels. Governments are supporting a move towards electric vehicles by providing purchase incentives, grants and tax credits. As a result, manufacturers are committing to produce electrified versions of their current models. Volkswagen AG, for example, plans on spending $40 billion by 2030 to electrify their current range of models. General Motors Company outlined their plan on introducing new electric vehicles over the next half-decade. China is electrifying their buses at an alarming rate—every 5 weeks, China replaces the equivalent of London’s entire bus fleet with electric buses.
Electric Vehicles are here to stay. Metals sourced from “power” ores will be analogous to the oil of the future. Power Ore strives to secure this future sea of oil in a low-risk, mining-friendly jurisdiction—Canada
MANN SILVER & COBALT MINEThe Mann Mines are silver and cobalt assets located in Milner Township, Ontario, within the Cobalt-Gowganda region.
MacMurchy PropertyMacMurchy Property is an early-stage nickel project with significant exploration potential, located 25KM west of the Mann Mine.
Power Ore Management
CEO & Director
Stephen is currently the CEO and Director of Orefinders Resources Inc. and Managing Partner of Minvest Partners. With over fifteen years of experience in finance and in the mining and metal industries, his interests lie in acquiring and developing natural resource assets. Previously he has held roles with RTO Capital and OMERS Pension Plan where he focused on acquisitions and asset management. He also is involved with the PDAC’s Capital Markets Program and lectures at the University of Toronto’s Lassonde Institute of Mining.
Stephen holds a Bachelor of Arts from the University of Western Ontario, a Master of Business Administration from the University of Toronto’s Rotman School of Management and a Master of Science from the University of Florida.
Alex has over 40 years of experience in the practice of corporate and securities law and the natural resource investment. He has been a director of numerous public companies on various exchanges including Nasdaq, NYSE, TSX and TSXV. For the last fifteen years he has focused exclusively the on mining and metals sector and has been instrumental in sourcing, funding and developing high-quality mineral assets in North and South America. In the past he was the founder, seed financier and principal behind a number of mining projects including the Cote Lake Project, acquired by IAM Gold in 2012 for over $580m and the Eagle One polymetalic project now owned by Noront Resources.
He holds a Bachelor of Arts degree from the University of Western Ontario, a Juris Doctor degree from the University of Toronto Law School and a Diploma, LCE, from the University of Madrid.
Potwarka, is a Chartered Professional Accountant and Certified Management Accountant with over 20 years of financial experience with small cap public companies in Canada. From 2013 to 2015 he was director of Winston Resources Inc., a junior mining company. From 2005 to 2009 he was Chief Financial Officer of Ausnoram Holdings Ltd, a Canadian publicly listed investment company. Previously, he was a principal with a private merchant banking company which focused on financing and consulting to public companies.
He is a graduate of the University of Waterloo with an Honours Bachelor of Mathematics degree.