Inspiration To Test For Cobalt

Toronto, Ontario – Inspiration Mining Corporation (“Inspiration” or the “Corporation”) is pleased to announce that it will be examining its past assays for Cobalt. Over the past 10 years, the Corporation has tested and catalogued over 8,000 assay samples from its 100% owned Langmuir Property, which is known for high grade Nickel sulphide production, the focus of these past assays have always been nickel. The Corporation will now focus its efforts in re testing theses assays for Cobalt.

Cobalt, which has been seen as a byproduct of nickel and copper mines in the past, is now a key element in lithium ion battery production which, in combination of nickel and sulfides, possess a higher electronic conductivity and results in a faster charge transfer than other alternatives. It is the resource now used in phones, computers, electric and hybrid vehicles and solar power storage systems. The increased demand for cobalt has resulted in its price rising sharply over the last few years.

“Given that nickel prices are on the rebound and the increased prices of Cobalt, the Corporation will be exploring the possibility of locating Cobalt on its Langmuir Property” stated Randy Miller, the President of the Corporation, “Given the substantial resources that the Corporation has expended in its various drill programs on its property, the Corporation believes that it has enough assay samples to properly test for Cobalt presence on the Langmuir Property.”

For further information, please contact Randy Miller, Chief Executive Officer of the Corporation, at tel: 416-842-9000

 

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