5 Best Cobalt Stocks to Buy in 2022

4. Panoramic Resources Limited (OTC:PANRF) is an Australian mining and exploration company. It completed the third shipment of copper-cobalt-nickel concentrate since commencing production from its Savannah nickel project in Western Australia in 2021. Panoramic Resources Limited (OTC:PANRF) has already aligned a streaming partner in the form of Jinchuan, who will receive the concentrate. Panoramic Resources Limited (OTC:PANRF) will be accepting a payment of $22 million against the shipment.

Panoramic Resources Limited (OTC:PANRF) has a backlog of 30,000 tonnes on the surface and nearly 25,000 tonnes of broken stock underneath the surface and is scheduled to send two more shipments to China. The company is a speculative play on cobalt and nickel that could give investors exposure to the upside and downside of both metals. Panoramic Resources Limited (OTC:PANRF) has an estimated reserve of 209,800 metric tons of nickel and 13,700 metric tons of cobalt.