Progress on Cobalt Project Sends Shares Higher

Cobalt is a strategic metal in strong demand for new-generation batteries, particularly lithium-ion batteries, which are now being widely used in clean energy systems. Cobalt Blue Holdings Limited (OTCMKTS:CBBHF), an exploration and project development company that is advancing the Broken Hill Cobalt Project in New South Wales, just presented the summary outcome of the Cobalt-Nickel Refinery Study. 

The refinery is a proposed large-scale, cobalt-nickel operation representing Australia’s first cobalt refinery that will produce high-quality, battery-grade cobalt sulfate that is intended for IRA-compliant markets and will be among the first large Allied Nation investments in cobalt refining for decades. The Refinery is expected to establish COB as an early entrant into the emerging midstream segment of the Allied Nation Battery Supply Chain. Shares were trading up at $0.2173 in afternoon trade. 

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