21:19:26 EST Fri 22 Feb 2019
Enter Symbol
or Name

Cobalt 27 Capital Corp (2)
Symbol C : KBLT
Shares Issued 83,207,897
Close 2018-07-11 C$ 8.04
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Cobalt 27 appoints Vydra as head of strategy

2018-07-12 10:07 ET - News Release

Mr. Anthony Milewski reports


Cobalt 27 Capital Corp. has appointed Martin Vydra as head of strategy, effective immediately.

Mr. Vydra joins Cobalt 27 after a 31-year career with Sherritt International Corp., a leader in the mining, processing and refining of lateritic nickel and cobalt with operations in Canada, Cuba and Madagascar. Mr. Vydra is widely recognized as an expert in nickel and cobalt extraction, processing and refining, including the development and application of advanced technologies to maximize the recovery of valuable metals, such as nickel and cobalt, from a variety of feeds. From 2012 to 2017, Mr. Vydra held the position of senior vice-president of metals, where he successfully guided the division through one of the most challenging periods in the commodities cycle, while delivering production at near-to-bottom quartile costs.

Mr. Vydra's technical accomplishments at Sherritt spanned four continents and over 20 operations, including postings: in Australia, where he was integrated in Murrin Murrin's refinery start-up; in Finland, for the design of Harjavalta's nickel reduction circuit; and in Chile, where he oversaw the design, construction and commissioning of a major pressure oxidation operation. Mr. Vydra also played a key role in the assessment of Cuba's operations at Moa Bay, which resulted in the formation of Sherritt's Moa joint venture. Additionally, from 2005 to 2007, Mr. Vydra was responsible for engineering, maintenance and capital construction at Sherritt's nickel refinery, and was considered one of Sherritt's top technical experts across global operations.

Most recently, Mr. Vydra served as Sherritt's senior vice-president, commercial and technologies, where he had oversight for the sales and marketing of nickel and cobalt, and marketing and commercialization of Sherritt's proprietary technologies. Mr. Vydra was instrumental in gaining access to numerous markets, culminating with large-scale commercial plants built in China (zinc processing and coinage), in Australia (HPAL) and in South America (pressure oxidation of sulphide ores). In addition to his technical expertise, from 2008 to 2011, Mr. Vydra held the position of managing director, commercial contracts and marketing, with global responsibility for metal marketing, which included finished products from Sherritt's Ambatovy and Moa joint ventures. Over his career, Mr. Vydra has been responsible for the sales and marketing of cobalt, nickel, fine cobalt powders and chemicals, thermal spray powders, and coinage with end-users ranging from aerospace to lithium-ion battery manufacturers.

"We are pleased to announce Martin Vydra's appointment to the position of head of strategy. It is rare that an individual of Martin's qualifications, experience, knowledge and capabilities becomes available, and Cobalt 27 is honoured to have him join our team. Martin brings technical and strategic perspectives on the drivers of growth and innovation in nickel-cobalt mining and extractive metallurgy. His expertise in managing large-scale international mining and processing operations and wide-ranging industry contacts will be instrumental as Cobalt 27 continues to build its portfolio of world-class battery metals streaming and royalty assets," said Anthony Milewski, chairman and chief executive officer of Cobalt 27.

Mr. Vydra is a current and founding member of the London Metals Exchange cobalt committee and served on the board of directors of the Cobalt Institute. Mr. Vydra was also a member of the board of directors of the Nickel Institute from 2010 to 2018, where he served as chair from 2015 to 2017. Mr. Vydra's ability to combine technical and commercial aspects of the nickel and cobalt industries places him within a distinct group of industry professionals who offer this skill set.

Cobalt 27 also announces the appointment of a full-time vice-president of finance, responsible for corporate reporting, administrative and compliance requirements of the company, and that it has entered into an agreement to acquire a 2.0-per-cent net smelter return (NSR) royalty over Giga Metals Corp.'s Turnagain project for $1-million (U.S.) in cash and 1,125,000 common shares.

About Cobalt 27 Capital Corp.

Cobalt 27 is a leading electric metals investment vehicle offering exposure to metals integral to key technologies of the electric vehicle and battery energy storage markets. The company holds physical cobalt, and is acquiring the world's first producing cobalt nickel stream on the low-cost, long-life Ramu nickel-cobalt mine and a cobalt stream on Vale's world-class Voisey's Bay mine beginning in 2021, including the announced underground expansion. The company also manages a portfolio of nine royalties and intends to continue to invest in a cobalt-focused portfolio of streams, royalties and direct interests in mineral properties containing cobalt, while potentially adding to its cobalt physical holdings when opportunities arise.

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