Cobalt 27 Capital Corp.

Website: www.cobalt27.com
Primary ticker: TSXv: KBLT, OTCQX: CBLLF, FRA: 270
Primary minerals: Cobalt
Project to promote: Battery Metals Streaming and Royalties Company

Live financials

Cobalt 27 is a leading battery metals investment vehicle offering exposure to metals integral to key technologies of the electric vehicle and energy storage markets. The Company holds over 2,900 Mt of physical cobalt and has acquired a US$300 million cobalt stream on Vale’s world-class Voisey’s Bay beginning in January 2021. The Company also manages a portfolio of nine royalties and intends to continue to invest in a cobalt-focused portfolio of streams, royalties and direct interests in mineral properties containing cobalt, while potentially adding to its cobalt physical holdings when opportunities arise.

Management Profile

Anthony Milewski, Chairman & CEO

Mr. Milewski has spent his career in various aspects of the mining industry, including as a company director, advisor, founder and investor. In particular, he has been active in the battery metals industry including investing in cobalt and actively trading physical cobalt. In 2016, one of the industry’s leading publications, The Mining Journal, named him as a Future Mining Leader.
As Chairman and CEO, Anthony was the driving force behind the formation of Cobalt 27 Capital Corp., which in June 2017, completed the single largest IPO on the Toronto Stock Exchange and TSX Venture Exchange since 2012, signaling to Canadian and international capital markets the beginning of a large and fast growing battery metals upcycle. Under Anthony’s leadership, Cobalt 27 raised approximately C$700 million in equity capital and secured a US$200 million credit facility. Formed to build the world’s first battery metals streaming and royalty company, Cobalt 27 has acquired a US$300 cobalt stream on Vale’s world-class Voisey’s Bay mine‎ beginning in 2021 and holds one of the world’s largest stockpiles of physical cobalt. During this time, Anthony accepted an invitation from the London Metals Exchange to join the LME Cobalt Committee which includes representatives from the largest mining and commodities companies globally to represent the interests of the industry to the board of directors the LME.
Mr. Milewski is a Managing Director and member of the investment team at Pala Investments Limited. Prior to joining Pala Investments, he worked at Firebird Management LLC. Mr. Milewski previously worked at Renaissance Capital and Skadden, Arps, Slate, Meagher & Flom LLP in Moscow, where he focused on advisory and transactional work in metals & mining and oil & gas sectors.
He has lived and worked in Africa and Russia, including a year as a Fulbright scholar, and has spent considerable time in Central Asia. Mr. Milewski has managed numerous mining investments at various stages of development, including exploration, development, production and turnaround situations, and across a broad range of commodities. He has served as a director of both public and private companies and has been seconded as interim CEO on multiple occasions.
Mr. Milewski holds a B.A. in Russian history from Brigham Young University, an M.A. in Russian and Central Asian Studies from the University of Washington, and a J.D. from the University of Washington. He holds an LLM from the Russian Academy of Sciences.


What is your rationale for attending 121 Mining Investment?

At this time, we are interested in meeting with existing shareholders as well as investment groups interested in learning about critical battery materials, such as cobalt and nickel, and the supply and demand fundamentals driving electric vehicles and large-scale grid energy storage systems.


What recent news would you like to highlight to investors attending?

Nov 13, 2018 – Cobalt 27 Announces Normal Course Issuer Bid
Oct 24, 2018 – Cobalt 27 Announces Upsized US$200 Million Credit Facility
June 29, 2018 – Cobalt 27 Closes Acquisition of US$300 Million Cobalt Stream on Vale’s Voisey’s Bay Mine
June 27, 2018 –


What are your key goals for the next 3, 6 and 12 months?

3 Months:

Cobalt 27 intends to continue to invest in a cobalt-nickel focused portfolio of streams, royalties and direct interests in mineral properties containing cobalt, while potentially adding to its cobalt physical holdings when opportunities arise

6 Months:

Cobalt 27 intends to continue to invest in a cobalt-nickel focused portfolio of streams, royalties and direct interests in mineral properties containing cobalt, while potentially adding to its cobalt physical holdings when opportunities arise

12 Months:

Cobalt 27 intends to continue to invest in a cobalt-nickel focused portfolio of streams, royalties and direct interests in mineral properties containing cobalt, while potentially adding to its cobalt physical holdings when opportunities arise


What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

65-70% of mined cobalt production currently comes out of the Democratic Republic of the Congo (DRC) as a by-product of copper mining. The balance of global mined cobalt production comes from nickel and cobalt production outside of the DRC. To meet future


In a sentence, what do you think makes your company such a compelling investment?

Based on an analysis of Cobalt 27’s physical inventory and cobalt stream and royalty contracts, the current stock price implies cobalt prices of US$30k/t (US$13.50/lb), at 1x NAV; the current cobalt price is US$75k/t (US$34 /lb), well down from recent highs of >$97k/t (US$44/lb).