Cobalt 27 will put in about $9 million into a share of production at Mineral Resources and Jiangxi Ganfeng Lithium's Mount Marion lithium project in Western Australia.
Cobalt 27 Mining News
The acquisition, valued at $96 million, will increase Cobalt 27’s exposure to nickel through the Ramu nickel-cobalt mine in Papua New Guinea.
Cobalt 27 stockpile worth $5 million stolen from Rotterdam warehouse.
Vale agreement sets something of a price benchmark for long-term cobalt deals by showing what financial investors are willing to pay.
"We see numerous similarities between cobalt and silver."
The transaction is the world's first cobalt-nickel streaming deal on a producing mine, Cobalt 27 said in a statement.
Cobalt27 CEO lines up Chinese automaker deals, ponders HK listing: “There is a lot of interest and it is natural because it is where all this will happen”.
The company's Dumont cobalt and nickel project in Quebec is the world’s largest undeveloped reserve of both metals, with over 1 billion tonnes of reserves and a 33-year mine life.
Cobalt 27, RNC Minerals shares pop after inking $70m deal on world's largest undeveloped cobalt, nickel sulphide deposit.
CEO Anthony Milewski: Cobalt 27’s stockpile of cobalt “is a way for investors to speculate on the price of cobalt, plain and simple.”