In addition to this large land position that is 100% owned, FUSE’s cobalt properties are located in the historic cobalt mining region of Cobalt, Ontario, Canada, only 5 km away the Glencore funded cobalt refinery.
Of note, FUSE also has a long-term business relationship with Glencore plc (LSE: GLEN) having purchased the Glencore Bucke Cobalt Property from them, in addition to owning the adjoining Teledyne Cobalt Property, which is 10 times larger.
FUSE is a Canadian-based mineral exploration company focussed on the exploration of high value metals required for the manufacturing of batteries, specifically cobalt and lithium.
Mr. Robert Setter, FUSE President & CEO, comments “FUSE is in a great position to capitalize on this EV industry vertical integration, with its existing ramp infrastructure in place on the Teledyne and Glencore Bucke cobalt properties.