Cobalt Blue Holdings Ltd. (AU:COB) has released an update.
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Cobalt Blue Holdings Ltd. has partnered with engineering consultancy Tetra Tech for the development of Australia’s first cobalt sulphate refinery. This strategic collaboration aims to create a large-scale cobalt-nickel operation targeting battery makers and electric vehicle manufacturers, with the project being a significant move towards diversifying global cobalt processing. The company is on schedule for a 2H 2024 decision to proceed with construction, aligning with efforts to secure contracts and complete necessary permitting and engineering documentation.
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