Cobalt 27 was formed to build a direct-play portfolio of cobalt and nickel streaming and royalty assets, as well as a physical cobalt position. Cobalt 27 holds approximately 2,904.7 tonnes of physical cobalt, fully insured and stored in LME-certified warehouses in Europe and the U.S.
Physical Cobalt Gallery
The Company’s objective is to achieve appreciation in the value of its physical cobalt holdings and does not intend to actively speculate with regard to short-term changes in cobalt prices. This strategy is intended to provide investors with an ability to effectively invest in cobalt in a manner that does not directly include risks associated with investments in companies that explore for, mine and process cobalt. Cobalt 27 provides an investment alternative for investors interested in investing directly in cobalt.
- All cobalt owned by Cobalt 27 is insured and stored at secure warehouses located in Baltimore, Antwerp and Rotterdam. The warehouses are certified by the London Metal Exchange and must meet its international standards of warehousing. These standards provide requirements for security, size, rates, logistics, accessibility, material handling, delivery points, and permitting.
- The Company’s physical cobalt is held on an allocated and segregated basis; and not comingled with any other party’s cobalt. Cobalt is not reactive, and does not readily combine with other substances. As such, no special storage facilities are required for storing cobalt.
- Cobalt is typically stored in metal drums. The content of the drums (grade, brand and physical qualities of the cobalt) is verified at the time of packing, and then sealed. Identification numbers and details are recorded; and the cobalt will generally remain sealed until opened by the end user.
- The Company undertakes annual audits and verification of its physical cobalt inventory.