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The latest announcement is out from Cobalt Blue Holdings ( (AU:COB) ).
Cobalt Blue Holdings Limited has completed the repayment of a promissory note to American Rare Earths Limited, finalizing its acquisition of the Broken Hill Cobalt Project. This project, located in New South Wales, is a significant cobalt resource with substantial development potential. The completion of the payment unencumbers the project, allowing Cobalt Blue to fully capitalize on its strategic position in the cobalt market, which is crucial for the energy transition and electrification industries.
More about Cobalt Blue Holdings
Cobalt Blue Holdings Limited operates in the mining industry, focusing on the extraction and development of cobalt resources. The company is primarily involved with the Broken Hill Cobalt Project, which is one of the largest undeveloped cobalt resources outside of Africa. The project aims to become a strategic supplier of ethically sourced cobalt, a key component in the global energy transition and electrification supply chain.
Average Trading Volume: 605,315
Technical Sentiment Signal: Sell
Current Market Cap: A$25M
For detailed information about COB stock, go to TipRanks’ Stock Analysis page.