https://www.miningweekly.com
Mineral Processing|rail|Waste|Waste
Mineral Processing|rail|Waste|Waste
mineral-processing|rail|waste-company|waste

Canada Cobalt closes PolyMet acquisition

13th January 2020

By: Creamer Media Reporter

     

Font size: - +

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.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 
Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.063 0.096s - 92pq - 2rq
Subscribe Now