11:39 AM EST, 01/15/2018 (MT Newswires) -- RNC Minerals (RNX.TO) expects to undertake a series of initiatives during 2018 to assist the company to make a decision to begin construction of the Dumont Nickel-Cobalt Project, which contains the world's largest undeveloped reserves of both cobalt and nickel, in 2019. With many market participants expecting explosive growth in nickel and cobalt demand from the electric vehicle market over the coming decade, RNC continues to be approached by a number of potential strategic investors, offtake partners and financiers who could provide the financing required to begin construction.

"Given market concern regarding future cobalt and nickel supply for electric vehicles, and nickel prices at the $12,000-$13,000/t ($5.50-$6/lb) level, RNC believes it is well-positioned to significantly advance Dumont in 2018," the company said.

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