07
Sep
17:10
COBALT: First Cobalt options silver assets to sharpen battery focus
First Cobalt has optioned off its silver assets in Cobalt, Ontario, to focus on its battery materials business, Kallanish learns from a company release.
A 70% interest in the Cobalt Camp property was exercised by Kuya Silver Corporation, which holds a 100% interest nearby in the Kerr Lake region.
Exercising the interest carries the responsibility of investing CAD 4 million ($3.17m) in the property and paying First Cobalt an additional CAD 1m, plus CAD 2.5m …
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