NEW YORK, November 30, 2017 /PRNewswire/ --

According to data reported by Markets and Markets, the lithium ion battery (LIB) market was valued at $22.8 billion in 2016. By 2022, the market is expected to be valued at $68.97 billion, growing at a CAGR of 16.6% from 2016 to 2022. The primary drivers for the industry is due to the growing demands from various industries including electric vehicles, electronic devices, and energy storage grids. Although consumer electronics are still the largest contributing segment to the market, the automotive segment is expected to grow at the fastest rate during the forecast period. LiCo Energy Metals Inc (OTC: WCTXF), eCobalt Solutions, Inc. (OTC: ECSIF), Katanga Mining Limited (OTC: KATFF), Lundin Mining Corporation (OTC: LUNMF), First Cobalt Corp. (OTC: FTSSF)

As more and more countries advocate for eco-friendly vehicles, lithium ion batteries demand increases, but so do the components used within it. An essential component of the LIB market is the chemical element of Cobalt. Like nickel, cobalt is found in the Earth's crust only in chemically combined form. According to Benchmark Mineral Intelligence, 75% of lithium-ion battery cathode capacities are expected to contain some volume of cobalt by 2020. The price of the metal has risen 86 percent this year to $61,000 a metric ton on the London Metal Exchange, according to Bloomberg.

LiCo Energy Metals Inc (OTCQB: WCTXF) is also listed on the TSX Venture Exchange under the ticker 'LIC'. Just earlier today the company announced breaking news that, "to report assay results for the first diamond drill hole completed on the Teledyne Cobalt Property, located 6 km northeast of Cobalt, Ontario.

A summary of the most significant results of the recent drill core assays are:

• TE17-01 0.62% Co over 6.00 m from 136.00 to 142.00 m including 3.92% Co over 0.75 m from 140.25 to 141.00 m.

On the Teledyne Cobalt Property, the Company has completed a total of 11 diamond drill holes totaling 2,200 m.  The diamond drilling program has been completed, and the drill rig will be demobilized this week.  The drilling has extended the cobalt mineralization on Property, with the grades being consistent with the historical results.

Tim Fernback, President & CEO of LiCo, states "We are very happy with the drilling results from our Teledyne and Glencore Bucke drilling programs.  We set a goal to replicate the historic results of cobalt grade and width of mineralization, which we have accomplished in spectacular fashion.  Yesterday we announced an intersection of 7.64% Cobalt at Glencore Bucke, and today we have assay results for 3.92% Cobalt at Teledyne.  Now that the remaining drill core is making its way to the assay lab, we are eagerly awaiting additional cobalt, copper and silver results that can help us define the next stage of our exploration program on both properties for 2018."

Qualified Person - The Glencore Bucke and Teledyne Properties are managed by Joerg Kleinboeck, P.Geo., (LiCo's QP), and supervised by Dwayne Melrose, Director and Head of the Technical Advisory Board of LiCo. The overall drilling program has been conducted as part of LiCo's flow thru financing and work commitments for the Glencore Bucke and Teledyne Properties.

LiCo Energy Metals Inc. is a Canadian based exploration company whose primary listing is on the TSX Venture Exchange. The Company's focus is directed towards exploration for high value metals integral to the manufacture of lithium ion batteries.

eCobalt Solutions, Inc. (OTCQB: ECSIF) is a well-established company committed to providing ethically produced, environmentally sound, battery grade cobalt salts, essential for the rapidly growing rechargeable battery and renewable energy sectors, made safely, responsibly, and transparently in the United States.  On November 15th, the company announced the progress to date on the Idaho Cobalt Project's ("ICP") construction, cobalt marketing and project optimization.  Mr. Paul Farquharson, President and C.E.O. of the Company commented: "We are pleased to have recently filed a positive Feasibility Study that fundamentally de-risks the project and has also identified opportunities to significantly optimize the project and add additional value in the very short term. We are taking a proactive and strategic approach to optimize these areas including mineral resources, mineral reserves and the flow sheet at the CPF in parallel with detailed engineering."

Katanga Mining Limited (OTC: KATFF) operates a major mine complex in the Democratic Republic of Congo through two joint ventures, Kamoto Copper Company (KCC) and DRC Copper and Cobalt Project (DCP), producing refined copper and cobalt. The Company has the potential to become Africa's largest copper producer and the world's largest cobalt producer. On July 26th, the company announced its 2017 second quarter production results and date for release of 2017 second quarter financial results.  KCC and DCP are engaged in the exploration, refurbishment and rehabilitation of the Kamoto/Dima mining complex (the Kamoto Project) and the KOV copper and cobalt mine, respectively in the DRC.

Lundin Mining Corporation (OTC: LUNMF) is a diversified Canadian base metals mining company with operations in Chile, the United States of America, Portugal, and Sweden, primarily producing copper, nickel and zinc. In addition, Lundin Mining holds an indirect 24% equity stake in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.  On September 5th, Lundin Mining reported its Mineral Resource and Mineral Reserve estimates as of June 30, 2017. On a consolidated and attributable basis, contained metal in the Proven and Probable Mineral Reserve categories totaled 3,232 kt of copper, 3,415 kt of zinc and 130 kt of nickel.  Mr. Paul Conibear, President and CEO of Lundin Mining said "We are pleased that our exploration efforts continue to add great value to our assets. Exploration success at Candelaria has resulted in further significant increases in underground Mineral Resources and Mineral Reserves that will allow us to continue to advance mine plan optimization and mine life extension in Chile.

First Cobalt Corp. (OTCQB: FTSSF) strives to create the largest pure-play cobalt exploration and development company in the world.  On November 28th, the company announced an expansion of its Cobalt Camp muckpile sampling program in Cobalt South to the Drummond Mine and Kerr Lake Area in Cobalt North in order to test a different style of mineralization.  Trent Mell, President & Chief Executive Officer, commented: "First Cobalt controls 50 historic mining operations across the Cobalt Camp and this program will give us important insights into the geology, metallurgy and bulk mining potential of the Camp. Success with this program could warrant reactivating the mill and potentially the First Cobalt Refinery to produce battery materials."

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