Cobalt Blue Holdings Ltd (ASX:COB, OTC:CBBHF)’s Joel Crane (NYSE:CR) highlights a government grant of $15 million, awarded to the company under the Critical Minerals Accelerator Initiative.
Cobalt intends to use the money to advance and de-risk it’s cobalt project in Broken Hill, expanding the scope of an ongoing feasibility study and bringing forward necessary studies, approval processes and work on key infrastructure and work packages.
The company sees the grant award as an acknowledgment of the quality of the project, having just been awarded major project status in March.