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Cobalt Blue Holdings ( (AU:COB) ) has shared an update.
Cobalt Blue Holdings Limited has made significant strides in its strategic goal of establishing Australia’s first cobalt refinery. The company received a Works Approval from the Western Australia’s Department of Water and Environmental Regulation for the Kwinana Cobalt Refinery, marking a crucial step towards a final investment decision. This approval allows for the construction and operation of a cobalt/nickel processing plant, which is essential for advancing the project. The company is also focused on securing binding offtake agreements to unlock project financing, which will further enhance its position in the critical minerals market. Additionally, the company is evaluating battery black mass as feedstock and has produced cobalt sulphate to specification, indicating progress in its operational capabilities.
More about Cobalt Blue Holdings
Cobalt Blue Holdings Limited operates in the critical minerals industry, focusing on the development and processing of cobalt. The company is primarily involved in building Australia’s first cobalt refinery and has projects like the Kwinana Cobalt Refinery and the Broken Hill Cobalt Project, with a market focus on supplying cobalt for battery production and other industrial uses.
Average Trading Volume: 3,489,770
Technical Sentiment Signal: Hold
Current Market Cap: A$66.53M
For detailed information about COB stock, go to TipRanks’ Stock Analysis page.