SAN DIEGO, CA--(NewMediaWire - May 9, 2017) -
SourcingLink.net (OTC PINK: SNET) is pleased to announced it has completed
the purchase of an option for its first Cobalt claim in James Bay,
Quebec, Canada. With the dwindling US reserves, and increasing
global demand for Cobalt's use in batteries, the team at
SourcingLink.net is very pleased to be adding this to its
increasing mineral claim portfolio.
According to a report by the U.S. Geological Survey, Mineral
Commodity Summaries the United States is listed the lowest in
Cobalt reserves. Published in January 2017 https://minerals.usgs.gov/minerals/pubs/commodity/cobalt/mcs-2017-cobal.pdf
Cobalt news
"As of April 24, the cobalt spot price was US$25.06, having risen from US$24.61 this time last month. The graph
below gives the past 1 year performance of cobalt showing a very
strong rise since January. This is mostly due to the cobalt market
going into deficit as shown by the top Chinese cobalt producers who
have recently halted or limited deliveries due to supply
constraints." https://seekingalpha.com/article/4065247-cobalt-miner-news-april-2017
"With the recent US Geological Survey and citing a decrease in
supply for US Cobalt reserves, and the tech market creating an
increase in demand, I feel our inclusion of Cobalt is well timed
and puts us in an exciting position, especially with our upcoming
exploration," said Anne Carioti, CEO of SourcingLink.net.
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
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