Company Overview and News
Cobalt market news - "China to ban sale of fossil fuel cars in electric vehicle push." (97-0)
Cape Lambert Resources Ltd's (ASX:CFE) wholly-owned subsidiary Mining International, is in a farm-in agreement with Cohiba Minerals Ltd (ASX:CHK) at its Wee Macgregor project.
Cohiba Minerals (ASX:CHK) has revealed numerous high-grade targets with peak grades of up to 45.38% copper and 1.88% cobalt at the Wee Macgregor Project in Queensland.
Cobalt spot price news - Cobalt spot prices rise slightly to reach US$26.54 by June 21. "Market participants anticipate prices to increase by 20-24pc by the end of the year."
Cobalt spot price news - Cobalt spot prices rose strongly to reach US$26.31 by June 22.
Note: This article was first published on my SA Marketplace service on March 24, 2017, so the stock prices and data are as of that date.
Welcome to the March 2017 cobalt miner news. The focus will be on the cobalt miners that are in, or reasonably near, production, as well as featuring a few promising juniors each month. For a background on the cobalt miners, investors can read my earlier articles:
Cobalt miner news - Glencore CEO said "in 2018, our overall cobalt production goes into the 50,000 tonnes to 60,000 tonnes range.".
Cohiba Minerals (ASX:CHK) has some interesting news on the horizon in the form of an acquisition and subsequent capital raising.
Cohiba Minerals (ASX:CHK) has been granted the exploration licence for its Mt Cattlin Project by the Department of Mines in Western Australia.
Cohiba Minerals Ltd (ASX:CHK) can move ahead with the acquisitions of five promising lithium projects in Western Australia after obtaining a waiver from the ASX to issue shares to the vendor. The grant of the waiver will enable the finalisation of a notice of meeting seeking approval required for the acquisition. The vendor, Charge Lithium Pty Ltd, controls 100% of the projects within and around the Mt Cattlin, Pilgangoora and Greenbushes lithium provinces.
Cohiba Minerals Ltd (ASX:CHK) has completed preliminary sampling at the optioned Greenbushes Lithium project in Western Australia. The company’s optioned applications are less than 20 kilometres from Talison Lithium’s (TSE:TLH) Greenbushes mine in the world class Greenbushes mineral field. Talison and its predecessor companies have been producing lithium from the Greenbushes Lithium Operations for over 25 years.
Cohiba Minerals Ltd (ASX:CHK) has been granted a trading halt by the ASX pending a material capital raising and project update. Cohiba recently entered into a heads of agreement to acquire lithium licenses. The halt will remain in place until the opening of trade on Friday 20th May 2016, or earlier if an announcement is made to the market.
Cohiba Minerals Ltd (ASX:CHK) is preparing to outline details of a potential project acquisition, with the ASX granting a trading halt to prepare. Cohiba had $840,000 in cash at the end of March 2016. The halt will remain in place until the opening of trade on Friday 22nd April 2016, or earlier if an announcement is made to the market.
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