DESCRIPTION: Puget Ventures Inc. is a Canadian-based mineral resource mining company focused on the exploration and development of the Werner Lake Mine. The company's vision is to become Canada's next primary producer of cobalt and is committed to supply the demand for North American cobalt. Recognizing cobalt as one of the world's essential elements, especially in its key role in lithium-cobalt batteries, Puget is aggressively expanding the Werner Lake Project.
Watch the BNN interview with Puget Ventures President Erin Chutter (5/4/10).
Puget Ventures featured in The Lac du Bonnet Leader (3/19/10)
The information provided below is based on the most recent information we have received from analysts, newsletters and other contributors to Streetwise Reports' The Gold Report or The Energy Report. We encourage you to visit the company's web site and call the company for more specifics on this company before you decide to invest.
". . .You may not have known that there was a threat, in the form of a shortage of rare earth elements used in electronics. . .but it looks as though you can rest assured of being able to get your hands on the latest electronics in the future and you may have Puget Ventures Inc. to thank for that.
With Puget's announcement of spectacular first drill results at its 100%-owned flagship property Werner West [stunning interception of 1.21% cobalt over 12.30 meters], the company is confident that this confirms the property as a leading contender to become one of North America's primary cobalt-producing prospects."
The Energy Report Interview with Gordon Monk (04/22/10)
TER: Are there any companies in the cobalt space that you find interesting?
GM: I can comment to two primary cobalt producers. One of them is Formation Metals. The other one is Puget Ventures. I like them both for similar reasons. They both are socio-politically operated in friendly areas. Puget is in Canada. Formation Metals has large projects in the States. When you look at where cobalt comes from nowadays, the majority of it comes from the Congo. Only about 15% comes from primary cobalt producers. So I think there's tremendous opportunity and I think there's going to be, not pressure, but perhaps incentive for investment in primary cobalt producers like Puget and Formation.
TER: Formation and Puget, in addition to being in friendly jurisdictions, also could be low-cost providers.
GM: That's right.
. . .I think the opportunity really lies with the primary cobalt producers. . .when you start taking a look at the percentages of cobalt that are coming out as a byproduct, I don't really see any scenario where they'd necessarily switch to extracting just to get the cobalt. I think the opportunities again lay with the primaries, the Formations and Pugets.
View Entire Article: Gordon Monk: The Global Movement Toward Green
Jonathan Orr, Green Technology Report (03/31/10)
"Cobalt remains the strong silent type at the clean technology party while mineral hot shot lithium, with its New Yorker cover stories and breathless media coverage, is the current star of the green forward resource market, grabbing all the attention with its flash and glitter. But fame is fickle and any lasting role lithium may play in our battery powered clean tech future will be played alongside cobalt.
With the completion of a first phase 18-hole drill program at historically producing 100%-owned Werner Lake Cobalt Deposit property, is moving toward becoming one of North America's first producing cobalt suppliers.
Puget has the management experience to push toward producing profitability as well as the deep geographical knowledge of the central deposit based on the extensive drilling and mine development programs already completed in 1996–2002. . .
Investors who want to have diverse green players in their portfolios will want to add the multi-talented Cobalt to their packages and who better to have as your Cobalt partner but Puget: the near-term producer working in your very own backyard?"
The Gold Report Interview with Steve Palmer (10/27/09)
"Another company I like that's not in the gold space is Puget Ventures Inc. (TSXV:PVS). It has quite a small market cap. The company has a cobalt property that produced in the 1940s, and they still have infrastructure on site. Recently, they've raised money to go back and do some further drilling to increase their reserves and mine life. They could be back in production in a relatively short timeframe. One of the reasons I like it is that recently investors have been very interested in lithium companies and have bid up share prices of many lithium companies dramatically this year. I think Puget is another play on the same thing; Cobalt will be in increased demand for batteries as a result of the electrification of vehicles. There is actually twice as much cobalt in a lithium battery as there is lithium; and cobalt sells for roughly four times the price of lithium, so it's a similar play on the whole electric vehicle market."
Steve Palmer, AlphaNorth Asset Management (09/22/09)
"Puget Ventures Inc., an early-stage cobalt company, is in the portfolio, in part because AlphaNorth has been watching how electric-car initiatives have ramped up demand for viable electric batteries. While this has pushed valuations for lithium-based companies higher, the market hasn't fully realized that three times as much cobalt as lithium is used in electric batteries.
(Puget) is much closer to production than some lithium companies; the property produced cobalt in the 1940s. It has a unique deposit; it would be the only primary cobalt operation in Canada."
Watch the BNN interview with Puget Ventures President Erin Chutter (5/4/10).
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