SAN DIEGO, CA--(NewMediaWire - Apr 26, 2017) -
SourcingLink.net (OTC
PINK: SNET) is pleased to announce its intention to pursue
additional claims and expand into the Cobalt market. The
Company is in final negotiations for its first Cobalt
property. It is expecting to purchase an option to acquire a
Cobalt claim in the same vicinity of SNET's existing Lac Fire
Lithium claims in James Bay, Quebec, Canada.
Cobalt is complimentary to Lithium in terms of its uses for
batteries that power electric cars, laptops, cell phones and
cameras. The market for both minerals have been showing
increasing strength.
"As of February 21, cobalt spot prices reached US$21.77... over 100% increase in
cobalt price over the past year, especially taking off in late 2016
and early 2017" -- https://seekingalpha.com/article/4048926-cobalt-miner-news-month-february-2017.
"I believe this is a natural progression for SNET to include
cobalt in our portfolio. It makes sense with the link between
lithium and cobalt. Recent history regularly shows the demand
for both is ever increasing," Anne Carioti, CEO
About SourcingLink.net, Inc.
SourcingLink.net is a U.S. based publicly traded exploration and
development company. Their focus is on rare metals and rare earth
elements, which are among the primary input materials for the 21st
Century technology.
About The Lac Fire Project:
SourcingLink.net, Inc. acquired 8 new lithium-tantalum claims in
James Bay, Quebec, Canada. The block of 8 new claims share a 12 km
boundary, which is on three sides with the Rose Lithium Tantalum
Property of Critical Elements Corp. The new Lac Fire property was
staked to strategically cover ground that may be on strike and have
similar geology to the Rose Lithium Tantalum Resource.
Forward-looking Statements
This release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements, which contain words such as "expect,"
"believe" or "plan," by their nature address matters that are, to
different degrees, uncertain. These uncertainties may cause actual
future events to be materially different than those expressed in
our forward-looking statements. We do not undertake to update our
forward-looking statements. The above news release has been
provided by the above company via the OTC Disclosure and News
Service. Issuers of news releases and not OTC Markets Group Inc.
are solely responsible for the accuracy of such news releases.
Copyright © 2017 Marketwired. All Rights Reserved
The above news release has been provided by the above
company via the OTC Disclosure and News Service. Issuers of news
releases and not OTC Markets Group Inc. are solely responsible for
the accuracy of such news releases.