What Tesla and Cobalt Mining in Canada have in Common

published 09.09.2020 14:50

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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.