Global Cobalt Moves In On High-Grade Project in Idaho Cobalt Belt

Global Cobalt Moves In On High-Grade Project in Idaho Cobalt Belt

Global Cobalt announced on Monday that it had secured a lease agreement - including an option to purchase - for the Iron Creek cobalt-copper property, located in the prolific Idaho Cobalt Belt. Certainly, the Canadian exploration and development company is getting its hands into multiple geographical pots.

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Company News

Global Cobalt Secures High-Grade Iron Creek Cobalt Project

Global Cobalt Secures High-Grade Iron Creek Cobalt Project

Global Cobalt Corp. (TSXV:GCO) has entered a lease agreement with an option to acquire the Iron Creek Cobalt Project in Idaho. Global Cobalt has leased the project for 20 years from the current owner, Chester Mining Company, with the option to extend for two further successive lease terms of 20 years each.

Tesla Expected to Locate Gigafactory in Nevada

The Wall Street Journal reported that Tesla Motors Inc. (NASDAQ:TSLA) is expected to locate its planned $5-billion lithium-ion battery gigafactory in Nevada. The decision may be disclosed today at a press conference.

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Market News

Jinchuan Output Cut May Boost Cobalt Prices

Metal Bulletin reported that due to maintenance, China's Jinchuan Group International Resources Co. Ltd. (HKEX:2362) will reduce its cobalt output by half this month.

LG Chem to Challenge Tesla Electric Car Battery

The Wall Street Journal reported that leading battery maker LG Chem Ltd. (KRX:051910) is creating an electric car pack that "extends the range of most vehicles on the road today, but at a similar price."

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