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Cobalt Blue Holdings Ltd. ( (AU:COB) ) has shared an announcement.
Cobalt Blue Holdings Limited has announced the execution of a binding pre-Final Investment Decision Consortium Deed with Iwatani Australia Pty Limited for the development of the Kwinana Cobalt Refinery (KCR). If successful, the KCR will be Australia’s first cobalt refinery, producing battery-grade cobalt sulphate for the global supply chain. The project aligns with Australia’s Critical Minerals Strategy and aims to fill a significant market gap. The refinery will be located in the Kwinana-Rockingham industrial precinct, benefiting from existing infrastructure and proximity to Fremantle port. Cobalt Blue is committed to sourcing feedstock from ESG-compliant counterparties, ensuring responsible production and sourcing practices.
More about Cobalt Blue Holdings Ltd.
Cobalt Blue Holdings Limited is a mining and mineral processing company focused on developing a Cobalt-Nickel Refinery in Western Australia, the Halls Creek Project in Western Australia, the Broken Hill Cobalt Project in New South Wales, and ReMine+ globally, with an emphasis on opportunities in mine waste. The company is considering a name change to Core Blue Minerals Limited.
YTD Price Performance: -40.0%
Average Trading Volume: 32,876
Technical Sentiment Signal: Strong Buy
Current Market Cap: $14M
Learn more about COB stock on TipRanks’ Stock Analysis page.