VANCOUVER, British Columbia,
October 15, 2018 /PRNewswire/ --
Bankers Cobalt Corp. (TSXV: BANC) (FSE: BC2) (OTCQB:
NDENF) (the "Corporation" or "Bankers") is pleased to
announce the establishment of a confidential Virtual Data Room
(VDR)to provide access for parties who have approached
Bankers or expressed an interest in reviewing data on Bankers and
concessions held by Bankers.
Grant Dempsey, President and COO
of Bankers stated: "We have completed a significant amount of work
and compiled relevant and compelling geochemical and drilling data
on our expansive 400+ km² land package in the DRC and 135 km²
Namibian license. We will now make that data available for online
review by parties which have approached Bankers or expressed an
interest in participating with the Corporation in realizing the
potential of Bankers strategically positioned land holdings.
Bankers acquired its land interests by being an early entrant in
the DRC cobalt and copper land play and through relationships built
over years of experience in the DRC. Accessing, evaluating, and
transacting on quality concessions in the DRC where clean title can
be established and with qualified partners is currently extremely
difficult. Bankers experienced DRC operating team has successfully
completed this process. Bankers provides significant country risk
reduction to new entrants into the complex DRC mining environment.
Recent transactions such as the Barrick acquisition of Randgold,
which has a large DRC exposure, is a clear indication that
companies and their institutional participants have accepted they
must have a presence in the DRC with its tremendous mineral
resource potential. Bankers is selecting an investment bank to
advise the Corporation in its dealings with interested parties on
transactions at the corporate and property levels."
About Bankers
Bankers is a natural resource company with a primary focus on
the acquisition, exploration and development of cobalt and copper
mineral properties in the DRC to world-class Canadian standards.
Bankers has acquired an option on a 135 km² license in Namibia with the potential for copper, cobalt
and other metals. As battery production for EV's surges, demand for
cobalt will probably exceed supply for many years. According to a
recent report by Transparency Market Research, global sales of
lithium-ion batteries are expected to reach US$70B by 2024, for a compound growth rate of
11.6% over the years beginning in 2016. Bankers holds rights to 26
separate mineral concessions strategically located in the southern
DRC Copperbelt and having a total area of more than 400km². Bankers
has the intention to acquire interests in additional concessions or
relinquish concessions in the normal course of business. All
concessions were obtained as either new grants or through reputable
DRC partners and have clean title with no government involvement,
making Bankers one of the few, and perhaps only, junior public
mining company in the DRC to have over 26 concessions capable of
being exploited. Bankers has an experienced operations team
operating in the southern CopperBelt of the DRC. Bankers believes
it is the front runner in advancing cobalt and copper exploration
by a junior mining company in the DRC.
ON BEHALF OF THE BOARD OF BANKERS COBALT CORP.
"Stephen Barley"
Chairman & CEO
Website: http://www.bankerscobalt.com
Reader Advisory
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release contains "forward-looking
information" within the meaning of applicable
securities laws including statements relating to the outlook of the
business of the Corporation, including statements relating to , the
Corporation's intention to acquire additional
concessions the Corporations intention to select investment
banking advisors, the Corporation's ability to
explore and develop the concessions, the results of any development
and exploration, the ability of the Corporation to meet standards
for verifiable supply chain custody, and the
Corporation's status as a leader in the junior mining
sector for cobalt and copper in the DRC. Although the Corporation
believes considering the experience of its officers and directors,
current conditions and expected future developments and other
factors that have been considered appropriate, that the
expectations reflected in this forward-looking information are
reasonable, undue reliance should not be placed on them as the
Corporation can give no assurance that they will prove to be
correct. Actual results and developments may differ materially from
those contemplated by these statements. The statements in this news
release are made as of the date of this release. The Corporation
undertakes no obligation to comment on analyses, expectations or
statements made by third-parties in respect of the Corporation its
securities, or its financial or operating results.
For further information:
Phone: +1-604-684-6730
Email: info@bankerscobalt.com
Website: http://www.bankerscobalt.com
SOURCE Bankers Cobalt Corp.