Cobalt 27 intends to invest in physical holdings of cobalt and not to actively speculate with regard to short-term changes in cobalt prices. This strategy is intended to provide investors with an ability to effectively invest in cobalt in a manner that does not directly include risks associated with investments in companies that explore for, mine and process cobalt. The Company’s primary objective is to achieve appreciation in the value of its cobalt holdings. Cobalt 27 provides an investment alternative for investors interested in investing directly in cobalt.
The Company has been granted options, but not an obligation, to acquire a specified maximum amount of physical cobalt at the market price. The grade and brand of cobalt under option with each vendor varies and includes premium brands and standard brands of physical cobalt. All cobalt owned by Cobalt 27 will be insured and stored at secure warehouse locations.