CEO & Director, Cobalt Power Group Inc.
Mr. Dyer, CPA, CMA has over 30 years of financial management experience including chief financial officer roles in both private and public companies, controller roles and public practice accounting.
As a Chartered Professional Accountant, Mr. Dyer has wide ranging experience in various industries including manufacturing, construction, technology, non-profit, mining, financial institutions and insurance. He also has extensive knowledge in systems technology and software and has led teams in turning around distressed companies.
Director, Cobalt Power Group Inc.
Mr. Stecyk has an extensive background in both communications and also corporate and political networking and public relations. He operated a successful advertising and public relations firm for over 36 years and has served and continues to serve as a CEO, President and director of several public companies. In addition to marketing and communications, his strengths include strategic management and planning. For several years, he was a member of the Canadian Association of Professional Speakers.
CFO, Cobalt Power Group Inc.
Message From Management
The world’s transition to renewable energy is creating immense demand for the energy metals that make up batteries: cobalt, lithium, and graphite. Cobalt Power Group entered the cobalt sector aiming to become an industry leader in the exploration and development of North American cobalt assets. We have acquired, and continue to consolidate, a significant land package in the “Cobalt Camp” near Cobalt, Ontario – a prolific mining region known for its robust polymetallic silver-cobalt veins.
In the past, cobalt content extracted in the region was neglected because silver was the primary target. Now, new demand for cobalt is driving a significant and sustainable commodity price upswing. Our plans are to resuscitate the historical mines found on our properties and eventually commence cobalt production. The mined silver, a commodity also showing growth in the past year, becomes a credit.
Cobalt Power is one of the most advanced-stage cobalt exploration companies currently operating in the Cobalt Camp. Preliminary exploration included surface sampling and an airborne magnetic survey, followed by an induced polarization geophysical survey. Our phase one drilling campaign consisted of target identification and a 9-hole surface drilling program focused around the old shaft area of our Smith Cobalt asset. The phase two 16-hole drilling program was completed in late 2017 and added significantly to our geological knowledge of the area. Our aims are to advance the Smith Cobalt project by increasing our knowledge of the geological continuity and mineral content, establishing an NI 43-101 compliant resource, converting the resources to reserves, and, eventually, mining the cobalt- and silver-rich veins.
As well, we have formed a strategic alliance with Hochschild Mining, a well-established South American mining house which trades on the London Stock Exchange and has a market capitalization of over $2 billion CDN. Their expertise in steeply-dipping veins, similar to those found in the Cobalt Camp, and the metallurgical extraction of precious metals, will be invaluable.
Our company has assembled a dedicated team of highly qualified geological, technical, and financial personnel with decades of combined hands-on experience. As we move ahead with our vision to become a world-class cobalt mining company, we thank the Cobalt Power Group team for their continued efforts, hard work, and dedication.
Corporate governance relates to the activities of the board of directors (the “Board”) which are elected by, and are accountable to, the company’s shareholders. The Board appoints and oversees the individual members of the management team who are charged with the day to day operation of the company. The Board is committed to sound corporate governance practices, which are both in the interest of its shareholders, and contribute to effective and efficient decision making.
Pursuant to National Instrument 58-101 Disclosure of Corporate Governance Practices (“NI 58-101”), which came into effect for financial years ending on or after June 30, 2005, Cobalt Power is required to disclose its corporate governance practices as summarized below.
Board of Directors
The Board of the company facilitates its exercising of independent supervision over the company’s management through meetings of the Board and both directly and indirectly through its committees.
Except as disclosed below, all of the company’s current directors are “independent” directors in that they are independent and free from an interest, and any business or other relationship which could reasonably be perceived to, materially interfere with the director’s ability to act with the best interests of the company, other than interests and relationships arising from shareholders.
Orientation and Continuing Education
Each new director brings a different skill set and professional background, and with this information, the Board is able to determine what orientation to the nature and operations of the company’s business will be necessary and relevant to each new director. Cobalt Power provides continuing education to its directors as such needs arise and encourages open discussion at all meetings.
Ethical Business Conduct
Cobalt Power endeavours to select individuals of the highest personal moral stature and expects them to follow a high ethical standard when exercising their authority or discretion in all of the company’s business dealings.
Nomination of Directors
The Board determines new nominees to the Board.
Compensation of Directors
The directors are not compensated for their services other than through incentive stock options.