Wayne Tisdale: Exploring the Supply Deficit Opportunity for Cobalt and Palladium
Wayne discusses his ventures with 21C Metals along with a story of how he ended up in the mining business. His journey ended up with him staking seven claims next to a new project in British Columbia, and he was able to sell those claims for 300k when he was twenty years old.
21C Metals has a combination of cobalt and palladium. Cobalt is moving toward a supply deficit during 2020 and palladium will likely remain in a deficit for at least seven more years. The key driver for them is the growth of electric and hybrid vehicles and the strengthening of global emissions regulations.
He discusses their East Bull PGM property, which has excellent access to infrastructure. They have a 43-101, and it shows a resource estimate of 523,000 ounces of palladium. They are going to continue their drill program to expand the potential resource.
Wayne has a new property in Czech Republic near the German border which has a long history, but no scientific work had been done on the 1500 hectare property. There are large sulfide zones and areas of high-grade copper. It’s unique in that the area is very mining friendly and they are in the middle of the car manufacturing industry in Europe.
They have done a high-tech survey and made a compilation of all of the geophysics and geology of the area. 21C Metals have identified numerous high-quality drill targets to commence with this summer.
Talking Points From This Week’s Episode
• What led Wayne into the Mining Sector
• He discusses the outlook for palladium and cobalt.
• Their East Bull Project has 500k ounces of palladium.
• Tisova project has sulfides and high-grade copper.
• They are conducting drill programs at both properties
Time Stamp References:
1:20 – Sale of US Cobalt.
1:50 – How he got started in mining.
3:35 – 21C Metals Cobalt & Palladium
4:00 – Outlook for these metals.
5:30 – East Bull Property.
6:40 – Tisova Czech copper mine property.
Wayne Tisdale is President and Director of 21C Metals Inc. 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 several 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 (acquired 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.