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Formation Metals loses financing but continuing to develop Idaho cobalt project

Andrew Topf | November 03, 2011 | 8:46 pm Base Metals Battery Metals Precious Metals Europe Cobalt Copper Gold 

Stock in Formation Metals (TSE:FCO) plunged 13% today after a European bank decided to terminate its loan agreement with the Vancouver-based company. The $79.5 million loan from BNP Paribas was to go towards construction of Formation's Idaho cobalt mine. Formation...

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