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Cobalt Blue Holdings delivers first day stag profit

Published: 12:30 02 Feb 2017 AEDT

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Cobalt is a necessary metal for the production of lithium-ion batteries

The green energy company closed its oversubscribed initial public offer (IPO) last week after investors bid for the $10 million maximum at the $0.20 issue price.

Cobalt Blue’s flagship Thackaringa Cobalt Project is strategically located 23 kilometres south-west of the world class mining centre of Broken Hill within New South Wales.

Cobalt is a necessary metal for the production of the latest generation, high density lithium-ion batteries.

Due to its high run-time properties, the use of cobalt has risen dramatically as portable lithium-ion battery usage accelerates and electric vehicles become a reality.

Cobalt Blue has a tight shareholder register with just 95 million shares on issue, with cash in excess of $9 million on hand.

Cobalt Blue sees huge opportunity for waste stream business

Cobalt Blue Holdings Ltd (ASX:COB, OTC:CBBHF) projects acquisition manager Helen Degeling tells Proactive the company will proceed to the next stage of testing its proprietary minerals processing technology on Hudbay Minerals Inc’s Flin Flon tailings storage facility in Manitoba, Canada, after...

on 27/11/23