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Sula Iron & Gold begins trading as African Battery Metals

Roger Murphy, chief executive of African Battery Metals PLC (LON:ABM), tells Proactive their name change from Sula Iron and Gold better reflects the company's new focus.

The firm's acquired a cobalt deposit in the Democratic Republic of Congo as part of their diversification strategy.

Despite the name change and new project Murphy says he's still committed to Ferensola in Sierra Leone where he's hoping to find a joint venture or farm-out partner to move the project forward.

Quick facts: Power Metal Resources

Price: 0.6 GBX

Market: AIM
Market Cap: £3.32 m

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Glencore mine shutdown could prompt a near-term price hike in Cobalt

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on 16/8/19

2 min read