Cobalt Blue Advances Kwinana Refinery Project with Key Partnership

Cobalt Blue Holdings ( (AU:COB) ) has shared an update.

Cobalt Blue Holdings Limited has announced significant progress in its Kwinana Cobalt Refinery project, including the completion of 80% of the detailed plant engineering and ongoing offtake negotiations. The company has also executed a binding pre-Final Investment Decision Consortium Deed with Iwatani Australia Pty Limited, marking a crucial step towards securing project financing and operational agreements. This development positions Cobalt Blue strategically within the cobalt market, as it seeks to address supply chain uncertainties and meet the rising demand driven by electric vehicle sales.

More about Cobalt Blue Holdings

Cobalt Blue Holdings Limited operates in the mining industry with a focus on cobalt, copper, and sulphur commodities. The company is engaged in developing projects such as the Kwinana Cobalt Refinery and the Broken Hill Cobalt Project, aiming to capitalize on the growing demand for cobalt, particularly in the electric vehicle sector.

Average Trading Volume: 10,640

Technical Sentiment Signal: Buy

Current Market Cap: $18.01M

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