CobalTech and First Cobalt merger approved

First Cobalt announces that shareholders of CobalTech Mining have approved the merger with First Cobalt, with 95% of votes cast in favour.

CobaltTrent Mell, president and CEO says, “We now have approval from CobalTech and Cobalt One shareholders to finalize the three-way merger and we look forward to closing both transaction over the next two weeks.

“First Cobalt now controls approximately 45% of the prospective land in the Cobalt Camp. This historic mining camp has never seen the required land consolidation to permit district-scale exploration and we will remain very active in 2018,” he adds.

CobalTech assets include a mill facility in the Cobalt Camp and a land package with a rich mining history that is contiguous to Cobalt One and First Cobalt properties. The combined company will own more than 10 000 hectares of prospective land including the only permitted cobalt refinery in North America designed to produce battery materials.


 

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