logo-loader
viewCobalt Blue Holdings Ltd

Cobalt Blue and Broken Hill Prospecting complete cobalt project transaction

The company has secured 100% ownership in the Broken Hill Cobalt Project, formerly known as the Thackaringa Cobalt Project.

Cobalt Blue Holdings Ltd - Cobalt Blue and Broken Hill Prospecting complete cobalt project transaction
The project is near the traditional mining centre of Broken Hill

Cobalt Blue Holdings Ltd (ASX:COB) has issued 9 million shares to Broken Hill Prospecting Ltd (ASX:BPL) as part of the deal to secure 100% ownership of the Broken Hill Cobalt Project.

The transaction will also see a $1 million convertible note issued to BPL.

The relevant title transfer documents are now with the NSW Department of Planning & Environment for approval.

BPL’s ownership and legal title of the Broken Hill Cobalt Project will be transferred but it will retain a net smelter return royalty of 2% on all cobalt production from the project.

Proactive recently caught up with Cobalt Blue recently for an update.

Quick facts: Cobalt Blue Holdings Ltd

Price: 0.115 AUD

ASX:COB
Market: ASX
Market Cap: $18.39 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Cobalt Blue Holdings Ltd named herein, including the promotion by the Company of Cobalt Blue Holdings Ltd in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Cobalt Blue 'well on its way to signing 10 global sample partners' for its...

Cobalt Blue Holdings Ltd's (ASX:COB) Joe Kaderavak updates on its 100%-owned Broken Hill cobalt project (BHCP) in Australia. He says they're targeting 4,000 tonnes in production of cobalt as either a hydroxide or a battery-ready product. ''The product will make around 80% of its revenue...

9 hours, 21 minutes ago

2 min read