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Related to COBALT: cobalt 60, cobalt blue
COBALTCalling Over Broadband Access Line Terminations (Sprint)
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to lead in the preparation of a DFS for a refinery restart at 55 tpd with contracts awarded to: SGS for advanced metallurgical test work on cobalt hydroxide and a specialty cobalt feed to be supplied by Glencore
Since this news broke, prices for the rare metal jumped by more than 20% with many experts anticipating cobalt prices to shoot even higher.
Ontario's cobalt area, approximately 500 km north of Toronto, is historically the most prolific cobalt mining camp in Canada, having produced 50 million pounds of cobalt and 600 million ounces of silver over a 60-year period.
Sage has agreed new leases on 203,728sq ft of space across the two neighbouring buildings, representing the largest letting ever completed in the region Cobalt 23, also known as the Zeta building, was acquired by Highbridge Properties in partnership with the Moorfield property investment group in 2017.
The Toronto-based cobalt processor and mine developer wants to position the refinery as a toll milling operation, receiving cobalt from around the world.
In addition, Lundin Mining holds an indirect 24% equity stake in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.
Cobalt is one of the most important critical raw materials among the list of 26 materials, according to the European Commission.
The joint venture will retain Freeport Cobalt's fine powders, chemicals, catalyst, ceramics and pigments businesses.
Mining company Freeport-McMoRan Inc (NYSE:FCX) reported on Thursday an agreement to divest its cobalt refinery in Kokkola, Finland and related cobalt cathode precursor business to Umicore for total consideration of approximately USD150m, plus working capital at the time of close.
Cobalt 27 acquired all of the issued ordinary shares of Highlands that it does not already own for an all-cash offer price of AUD 0.105 per share.