The Buzz Surrounding Declan Cobalt Inc. (CSE: LAN) (OTC: DCNNF)

Our Team


President, CEO & Director

Mr. Tisdale has 40 years of experience in investing, financing and consulting to private and public companies in the areas of mining, oil and gas, and agriculture. He runs his own merchant bank and sits on the board of a number of private and public companies. Over his career, Mr Tisdale has raised over $2bn of both equity and debt financing and has been instrumental in founding several highly successful companies, including Rainy River Resources (purchased by Newgold) and Ryland Oil Corporation (purchased by Crescent Point). Most recently, Mr. Tisdale was integral to the successful sale of US Cobalt to First Cobalt Corporation, creating a post-transaction cobalt company valued at almost $400 million.



Mr. Clark is a geologist (P Geo) with over 30 years of mineral exploration experience and has held various geological positions with a number of public mining companies. Mr. Clark has extensive experience in managing large scale exploration and development programs internationally including Asia and North America, and has worked extensively in the Hemlo and Wawa districts. He is the Executive Director of the Ontario Prospectors Association (OPA) and currently serves on the Minister of Mines Mining Act Advisory Committee. Most recently, Mr. Clark was integral to the successful sale of US Cobalt to First Cobalt Corporation, creating a post-transaction cobalt company valued at almost $400 million.



Declan Cobalt Inc. is providing an interpretation update, based on newly acquired geophysical data and continued compilation of historical data. The property comprises 15,929 hectares, located in Germany and the Czech Republic. The focus of the current work program is on the historical Tisova mine located on the Czech-German border (about 320 hectares). Multiple strata of copper- and cobalt-bearing volcanogenic massive sulphide (VMS) and magnetite iron formations occur in the Cambrian-age strata in the Tisova mine workings.

The Czech state mining company, Rudne doly Pribram np, professionally decommissioned the Tisova mine in 1994, providing Declan with historical data, used to complete 3-D geological modelling mated with the 3-D modelling of the newly acquired geophysical data.

3-D geological modelling

Declan's consultant, Paul McGuigan, PGeo, of Cambria Geosciences, assembled a 3-D model of data from the mine closure report and drawings by Kozubek et al. (1994) and drilling data from the Czech Geological Survey Archive (Kutna Hora Geofond). Additionally, the company recently acquired a full, multiyear study by Charles University, Prague, of the structural geology of the mine (Pertold et al., 1971). This large collection of data and drawings has now been reinterpreted and posted to the company's 3-D model forming the initial framework for the interpretation of the new geophysical surveys.

3-D resistivity and induced polarization survey

Dias Geophysical's DIAS 32 survey is complete over the entire Tisova concession and adjacent areas. Successful implementation of this innovative system is shown by the following preliminary results:

  • Data acquisition from greater than 500 to 600 metres below the surface and below the deepest 9 level exploration drilling.
  • Low- and high-resistivity responses correlate with the 3-D modelled geology. Low resistivity corresponds to the metamorphosed euxinic sediments and the principal VMS horizons.
  • Shallow drill targets: Low resistivity responses located at shallow depths (about 200 m below surface) correlate with strata extending down-dip and along strike of stoped-out areas. Detailed modelling is under way to define promising shallow drill targets.
  • Deep drill targets: Low resistivity targets at depth (about 450 metres) seem to correspond to higher sulphide-bearing zones identified from underground drilling. The intent is to have Dias Geophysical to reprocess the data to determine better interpretation to provide deeper core drill targets.

Continuing work program:

  • Another series of detailed 3-D inversions are being completed to further define the resistivity/chargeability responses.
  • The Terratec Geophysical Services detailed ground magnetic data will be integrated into the compilation and provide additional ability to refine core drill targets.
  • A core drill contractor will be selected and the timeline for drilling will be formulated. Year-round drilling is feasible on the Tisova concession due to favourable terrain and excellent infrastructure.

President Wayne Tisdale states: "This treasure trove of historic data, combined with modern data compilation, is helping us understand the mineral potential of Declan's Czech-German copper-cobalt project. We are truly excited to commence our core drilling program."



Declan Cobalt Inc. that, further to its press release dated July 6, 2018, it has completed the acquisitions of both Tisová Pty Ltd. ("Tisova") and TGER Pty Ltd. ("TGER"), owners of certain mineral concessions located in the Czech Republic and Germany (the "Properties").

The Properties are comprised of two concessions and four concessions application parcels comprising 15,929 ha in both Germany and the Czech Republic.  The concessions are less than 150km from several electric vehicle battery plants, including BMW's principal supplier's planned factory at Erfurt. 

Declan is currently conducting a comprehensive program of geological mapping, deep geophysical surveying, and 3D modeling with a view to identifying drill targets and commencing drilling as soon as feasible. Further details of the program results will be released upon receipt, expected prior to the end of October.

The 2018 Tisová exploration program has been designed and supervised by Paul McGuigan, P. Geo., of Cambria Geosciences Inc. and includes:

  • the completion of a deep, 3D Induced Polarization survey over the entire Tisová concession by Dias Geophysical of Toronto;
  • the assembly of all historic mine drawings and diamond drilling data into a common 3D geo-referenced database;
  • a planned detailed ground magnetic survey with detailed GPS locations to integrate with the IP and also provide an accurate digital elevation model for 3D modeling and drill targeting;
  • re-interpretation of structural data from an extensive, multi-year underground mapping project conducted by Charles University, Prague wherein Levels 2 through 6 were mapped prior to the Tisová mine closure in 1994; and
  • new geological and structural mapping to compliment and verify the historic data and provide the geological controls and 3D modeling for drill targeting.

Preliminary results point to a successful return of electrical responses from the deepest levels of the Tisová mine at depths greater than 600m below surface. Detailed 3D inversions of the IP data are underway and will incorporate the detailed magnetic data, when obtained in early November.

Otto Janout, an experienced Czech-Canadian explorationist, has expedited all Czech logistics and has also acted as the project community liaison, ensuring ongoing local support of Declan's initiatives.

Mining at Tisová was first recorded in the 13th century and, by the 16th century, there were over 2,000 workers at three underground mines producing 5 per cent copper. Production was smelted locally in several parts of the Tisová valley. A local industry of copper and brass fabrication was also spawned by the Tisová mining activity. Modern style mining commenced in 1899 (with the founding of the Klingenthal-Graslitzer Copper Mining Company). After the First World War, the Graslitz region ceded to the newly founded Czechoslovakia.  The buildings and treatment plants of the Klingenthal-Graslitzer Copper Mining Company were demolished between 1923 and 1929. Additional modern mining has taken places over the subsequent decades.

Wayne Tisdale, President of Declan, notes: "This is a rare and exceptional opportunity for Declan to explore in a jurisdiction with a rich mining history.  The extent of local mining knowledge is deeply impressive and gives us a chance to commence this project with significant data in hand."

All geological compilations will be made available on Declan's website at .

In exchange for 100% of the common shares of Tisová and TGER, as previously disclosed in its press release of July 6, 2018, Declan has:

  • paid an aggregate of $60,000 in cash to the shareholders (the "Vendors");
  • incurred not less than $500,000 in exploration expenses prior to October 31, 2018;
  • issued an aggregate of 1.5 million common shares of Declan ("Declan Shares") to the Vendors on the closing date at a deemed price of $0.30 per share;
  • agreed to incur a minimum of $1 million on the Properties by July 1, 2019 as well as the issuance of an aggregate 2.5 million Declan Shares to the Vendors at such time; and
  • agreed to incur an additional $1 million on the Properties each year for the next three years and not later than July 1, 2022 and issue an additional 4 million Declan Shares to the Vendors.

The Company has also paid a finder's fee by way of the issuance of 46,875 Declan Shares at a deemed price of $0.30 per share. The finder may receive additional Declan Shares (not to exceed and aggregate of 250,000 shares) should Declan choose to proceed with additional exploration to the period ending July 1, 2022.

In connection with this transaction, 100,000 stock options have been granted to the Company's Australian resident appointed director for both TGER and Tisová.  The stock options are exercisable at $0.30 for a period of five years and vest in equal tranches over four years.

The securities issued in connection with the acquisitions are subject to a hold period and may not be traded until February 24, 2019.



Declan Cobalt Inc. (“Declan” or the “Company”) (CSE: LAN) announces that it has entered into a mineral purchase agreement (the “Agreement”) with Pacific Cascade Minerals Inc. (“PCV”), whereby PCV will purchase a 100% interest in the Turner Lake Project (the “Property”) located in Nunavut.

Under the terms of the Agreement the PCV agrees to purchase a 100% right title and interest in the property in exchange for 1 million common shares of PCV to be delivered to the Company within 10 days after PCV receives regulatory approval for the transaction. The Company will also be reimbursed $46,720 by PCV representing prior cash expenditures incurred on the Property. Upon commencement of commercial production, PCV shall pay a royalty to the Company equal to 1% of net smelter returns which may be purchased for the sum of $1,000,000 at any time after commercial production.

The Property consists of 2 claims, T1 K90329 and M1 K90330 totaling 1925 hectares, near Bathurst Inlet in the Kitikmeot District of Western Nunavut, approximately 560 km NE of Yellowknife NWT.



Declan Cobalt Inc. (“Declan” or the “Company“) (CSE: LAN) is pleased to report the commencement of exploration on its Tisova Copper-Cobalt project located on the German/Czech Republic border. There have been no modern geophysics completed on the property, making the current program all the more impactful. This is an area with a long-standing history of mining, with the first documented mining on the property being done in the 13th Century. Further mining operations took place from 1953 to 1973. Little has been done since owing largely to a historically challenging political environment, which is no longer the case. Local support for Declan’s initiatives has been uniformly positive.

The current exploration program is comprised of a detailed 3D resistivity and chargeability survey undertaken by Dias Geophysical. The magnetic survey, structural mapping, 3D modelling and sampling of known showings is being supervised by Paul McGuigan of Cambria Geosciences.

Mr Wayne Tisdale, CEO, reports:

“We have put together a comprehensive exploration program that will assess the Tisova Copper-Cobalt project and provide diamond drill targets for us to follow up this autumn. The engagement of Dias Geophysical along with the expertise of Paul McGuigan provides Declan with a proven discovery team that will properly assess the project’s Copper-Cobalt potential. Declan’s location on the German/Czech border allows us to be a potential supplier of Copper and Cobalt to the growing electric vehicle battery market within Europe.”

Roberto Vavassori, president of the European Association of Automotive Suppliers, was recently quoted as saying: “We need production in Europe for vehicles of the future or we put all of Europe at risk.” This sentiment was echoed at the recent Frankfurt Auto Show by the Chief Executive of Volkswagen, Matthias Mueller who said, when referencing his view that Europe needs to start producing electric vehicle batteries: “A company like Volkswagen must lead, not follow.” Volkswagen anticipates selling as many as 3 million battery-only vehicles per year by 2025.

Declan recently closed a $2.82 million financing that will fund this program and the subsequent diamond drilling. To date the planning and execution of the program has been ably supported by the Czech and German vendors of the properties. Owing to their extensive local knowledge and historical work on the properties, their on the ground assistance with program logistics has proved invaluable.

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  1. Patricia Liu 4 years ago

    if the US invested in cobalt and other necessary materials, we could open up the market for everyone..Not to mention the help we can provide to the DRC and other strategic and charged areas

    • Arnold Palmer 4 years ago

      Global demand for cobalt is set to quadruple to over 190,000tn by 2026 from a baseline of 46,000tn in 2017. Congo’s dominance of cobalt is akin to Saudi Arabia and Russia’s dominance of the oil and gas markets.

      • Rafael Uribe 4 years ago

        the risk that producers in the well-supplied cobalt sulfate market could switch to cobalt metal and flood that market if the sulfate price goes too low.

      • Chace Mobbs 4 years ago

        Another driver for the #cobalt market is grid storage, which according to @BloombergNEF is expected to grow faster than expected thanks to lower storage system costs as well as a greater focus on #electricvehicle charging & energy access in remote regions

    • Paul Monica 4 years ago

      The DRC will account for 80% of global #cobalt production by 2025. Wood Mackenzie expects demand will triple to more than 300,000 tonnes by 2040. Even if the DRC ramps up production, we forecast that the market falls into deficit by 2024 and stays there.

    • Zia Marcus 4 years ago

      Nationalisation of cobalt mines of DRC and transparent governance under Human rights observers from UN. Indentification and branding of slavery free cobalt and incentives for its growth in world market. Economic exploitation can only be countered with economic sanctions.

    • Karen Braum 4 years ago

      Without cobalt you have no smartphones, laptops or everything else using a rechargeable battery (Li-ion). That’s huge market. >60% of the world’s supply is mined in the DRC yet the people over there are the poorest.

  2. Jack Mathers 4 years ago

    We can’t limit ourselves to wind or solar. Have we forgotten the battery? We should invest in these alternative options like cobalt, thorium, uranium… It’s only a matter of time before everyone will be in the market for new energy

    • Ingmar M. 4 years ago

      Cobalt will be mined as long as there’s a market need. EV’s, while a step in the right direction, are an imperfect solution.

      • Dillon Harper 4 years ago

        With the Rise of Electronic Vehicle’s (EV’s) critical metals like cobalt, lithium, and vanadium are garnering most of the attention. Copper shouldn’t be overlooked either

        • Jeffrey Pots 4 years ago

          China’s has a secret weapon in the race for electric car dominance — it’s control of the #cobalt market.

          • Leonard F. 4 years ago

            China has made the concerted effort to dominate the electric car industry (and by extension the countries where cobalt is mined), We have to do more if we want to see this trend reversed

      • Harry Velez 4 years ago

        Battery usage is going to go through the roof, at least versus today’s consumption. This is why I am positioning my portfolio towards the likes of $LAN (cobalt/copper). My horizon is mid/long term i.e I’m not hugely concerned about current market noise.

        • Dave Kranzler 4 years ago

          The global cobalt market is projected to grow at CAGR of 9.26% during the forecast period from 2018-2022 I don’t think there are any factors that could derail the cobalt story at this point.

      • Paul Monica 4 years ago

        The DRC will account for 80% of global #cobalt production by 2025. Wood Mackenzie expects demand will triple to more than 300,000 tonnes by 2040. Even if the DRC ramps up production, we forecast that the market falls into deficit by 2024 and stays there.

        • Helen Quach 4 years ago

          The metal’s reliance on supply from the Democratic Republic of Congo is only going to increase over time. By 2025, the market may slip into deficit, and it’s hard to see where majority supply might come from.

        • Vacher Jessie 4 years ago

          We know why the West has so much interest in the outcome of #DRCElections – Cobalt mines and the Electric Vehicles. They are probably not comfortable that China has the biggest market of domestically produced EV’s today.

  3. Ella Rae P. 4 years ago

    High prices for lithium and cobalt will hinder sales growth in battery-powered vehicles next few years, according2 a report out of HSBC. The study claimed global market share by 2025 for fully electric vehicles will be lower than previously projected — 9.4%, compared to 10.4% B4

    • Carlos Medina 4 years ago

      #cobalt NEV market will expand lithium-ion battery production by 23%

    • Tylor R. 4 years ago

      Obama and Hillary completely closed their eyes while China began cornering the market, and now we need POTUS DJT to step up and make sure the US fixes Obama’s mistakes

  4. Welson C. 4 years ago

    The expansion of the #EVs market globally and in the EU will increase exponentially the demand for #cobalt in the next decade.

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