Canada Cobalt closes PolyMet acquisition
TSX-V-listed Canada Cobalt Works has closed its deal to acquire the only facility in the northern Ontario silver/cobalt district that combines bullion pouring, bulk sampling, commercial assaying and e-waste processing.
The company announced its intention to buy the lab and mineral processing facilities of PolyMet in October last year and entered into a definitive transaction on January 8.
In terms of the transaction, Canada Cobalt will issue PolyMet 690 409 units at $0.45 each for a total consideration of $310 684. Each unit comprises one common share and one common share purchase warrant.
The lab and mineral processing facility is located in the town of Cobalt, within 50 m of a rail line and only a short distance from Canada Cobalt’s Castle and Beaver properties. The facility will be the home of the company’s Re-2OX process for the extraction of cobalt, precious and base metals.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation