# Cobalt Miners News For The Month Of March 2023 Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/cobalt-miners-news-for-the-month-of-march-2023--1c5195e1-df59-49e1-bda3-5539455955d0 Original source: https://money.tmx.com/en/quote/FTMDF/news/4888913082511250/cobalt-miners-news-for-the-month-of-march-2023 Publisher: tmx Original announcement: 2023-03-29T12:37:16.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Unavailable - Ticker: FTMDF - Exchange: TSX - Region: Unavailable - Primary commodity: Cobalt - Secondary commodities: Copper, Nickel, Lithium, Gold - Document categories: Resource update, Other - Extracted: 2026-09-17 23:09:31 UTC Narrative sentiment: -0.20 · Bearish ## Minestarters Atlas summary A monthly news summary for the cobalt sector covering March 2023. Key themes include declining cobalt spot prices, forecasted market surpluses for 2023-2024, and strategic regulatory moves by the EU Commission regarding critical raw materials. Reasoning: Monthly news aggregator summarizing cobalt market trends, price movements, and key company updates. Sentiment is slightly negative due to falling prices and looming supply surpluses. - Positive factor: EU Commission strategic raw material targets - Positive factor: CMOC production expansion in Congo - Positive factor: Electra Battery Materials resource upgrade - Negative factor: Declining cobalt spot prices - Negative factor: Forecasted market surplus for 2023/2024 - Negative factor: LME inventory levels decreasing Facts used in scoring: 6 ## Classification and evidence **Nearology Play** Polarity: neutral Story-specific tag Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The document mentions several companies and projects in proximity to known cobalt deposits or strategic regions like the DRC and Idaho. Evidence · text > Jervois Global construction at Idaho Cobalt Operations nearing completion. **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The source explicitly discloses a revised resource estimate Evidence · text > Updated Mineral Resource ## Extracted facts Stored fact records: 6. Some facts used in scoring do not have a stored record. ## Resource Estimates (6) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/cobalt-miners-news-for-the-month-of-march-2023--1c5195e1-df59-49e1-bda3-5539455955d0#fact-resource-facts-0) Iron Creek Cobalt-Copper Project · cobalt #### Identity - Project: Iron Creek Cobalt-Copper Project - Commodity: cobalt - Region: usa\_id - Reported Region: Idaho - Ticker: FTMDF #### Resource scope - Estimate type: resource - Resource group id: resource:e7b1b0c8acbd19a3250e #### Resource Data - Category: indicated - Tonnes: 4400000 - Grade: 0.19 - Grade Unit: % - Contained Metal: 18400000 - Contained Unit: lb #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2023-03-29T00:00:00.000Z Reasoning: Indicated resource reported for cobalt at Iron Creek. - Positive factor: Indicated resource upgrade Evidence · text > Indicated resource of 4.4 million tonnes grading at 0.19% cobalt for 18.4 million pounds cobalt #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/cobalt-miners-news-for-the-month-of-march-2023--1c5195e1-df59-49e1-bda3-5539455955d0#fact-resource-facts-1) Iron Creek Cobalt-Copper Project · copper #### Identity - Project: Iron Creek Cobalt-Copper Project - Commodity: copper - Region: usa\_id - Reported Region: Idaho - Ticker: FTMDF #### Resource scope - Estimate type: resource - Resource group id: resource:e7b1b0c8acbd19a3250e #### Resource Data - Category: indicated - Tonnes: 4400000 - Grade: 0.73 - Grade Unit: % - Contained Metal: 71500000 - Contained Unit: lb #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2023-03-29T00:00:00.000Z Reasoning: Indicated resource reported for copper at Iron Creek. - Positive factor: Indicated resource reported for copper Evidence · text > grading at 0.73% copper for 71.5 million pounds of copper #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/cobalt-miners-news-for-the-month-of-march-2023--1c5195e1-df59-49e1-bda3-5539455955d0#fact-resource-facts-2) Iron Creek Cobalt-Copper Project · cobalt #### Identity - Project: Iron Creek Cobalt-Copper Project - Commodity: cobalt - Region: usa\_id - Reported Region: Idaho - Ticker: FTMDF #### Resource scope - Estimate type: resource - Resource group id: resource:cfcd08b7773a76c804bb #### Resource Data - Category: inferred - Tonnes: 1200000 - Grade: 0.08 - Grade Unit: % - Contained Metal: 2100000 - Contained Unit: lb #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2023-03-29T00:00:00.000Z Reasoning: Inferred resource reported for cobalt at Iron Creek. - Negative factor: Inferred category Evidence · text > Inferred resource of 1.2 million tonnes grading at 0.08% cobalt for 2.1 million pounds of cobalt #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/cobalt-miners-news-for-the-month-of-march-2023--1c5195e1-df59-49e1-bda3-5539455955d0#fact-resource-facts-3) Iron Creek Cobalt-Copper Project · copper #### Identity - Project: Iron Creek Cobalt-Copper Project - Commodity: copper - Region: usa\_id - Reported Region: Idaho - Ticker: FTMDF #### Resource scope - Estimate type: resource - Resource group id: resource:cfcd08b7773a76c804bb #### Resource Data - Category: inferred - Tonnes: 1200000 - Grade: 1.34 - Grade Unit: % - Contained Metal: 36500000 - Contained Unit: lb #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2023-03-29T00:00:00.000Z Reasoning: Inferred resource reported for copper at Iron Creek. - Negative factor: Inferred category Evidence · text > grading at 1.34% copper for 36.5 million pounds of copper #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/cobalt-miners-news-for-the-month-of-march-2023--1c5195e1-df59-49e1-bda3-5539455955d0#fact-resource-facts-4) Walford Creek · cobalt #### Identity - Project: Walford Creek - Commodity: cobalt - Region: australia\_qld - Reported Region: Queensland, Australia - Ticker: FTMDF #### Resource scope - Estimate type: resource - Resource group id: resource:e17a8dc3262b1e2cab0f #### Resource Data - Category: indicated - Tonnes: 33600000 - Grade: 0.15 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2023-03-29T00:00:00.000Z Reasoning: Aeon Metals reports substantial growth in Walford Creek Mineral Resources including a cobalt deposit. - Positive factor: Substantial growth in mineral resources Evidence · text > substantial and primary cobalt deposit \(33.6 Mt at 0.15% Co\) #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 6 [Link to this fact](https://atlas-extractions.minestarters.com/news/cobalt-miners-news-for-the-month-of-march-2023--1c5195e1-df59-49e1-bda3-5539455955d0#fact-resource-facts-5) Kalkaroo · cobalt #### Identity - Project: Kalkaroo - Commodity: cobalt - Region: australia\_sa - Reported Region: South Australia - Ticker: FTMDF #### Resource scope - Estimate type: resource - Resource group id: resource:4d315c03730e5595b5c2 #### Resource Data - Contained Metal: 23200 - Contained Unit: t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2023-03-29T00:00:00.000Z Reasoning: Havilah's Kalkaroo deposit contains 23,200 tonnes of cobalt. Evidence · text > Kalkaroo copper-gold-cobalt deposit contains JORC Mineral Resources of ... 23,200 tonnes of cobalt #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.