10 Top Cobalt-producing Countries

10 Top Cobalt-producing Countries

Here's a look at 2014's 10 top cobalt-producing countries, based on figures from the US Geological Survey.

Global Cobalt to Hone Focus with Spin Out

Cobalt-focused investors got a surprise Tuesday when Global Cobalt said its board of directors has approved a strategic reorganization of its business components.

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Company News

Global Cobalt Announces Financing

Global Cobalt Announces Financing

Global Cobalt Corp. (TSXV:GCO) announced a non-brokered private placement or up to CAD $250,000, consisting of up to 5,000,000 units at $0.05 per Unit. Each Unit will be made up of one common share of Global Cobalt and one common share purchase warrant that entitles the holder to acquire an additional common share for 24 months after the closing date. at $0.07 per Warrant Share.

Global Cobalt Enters Lock Up Agreement with IMHL to Support Spin-Out

Global Cobalt Enters Lock Up Agreement with IMHL to Support Spin-Out

Global Cobalt Corp. (TSXV:GCO) entered into a binding agreement with largest shareholder Imperial Mining Holding Limited, for a lock up agreement and spin-out of certain North American mineral exploration projects to SpinCo, a newly incorporated company. However, as a condition of the terms, IMHL and its affiliates agreed to waive their rights to receive common shares, warrants and/or options in SpinCo. Global Cobalt’s Werner Lake property in Ontario and the Iron Creek property in Idaho will be transferred to SpinCo. The Karakul and Altai Sister properties in Altai Republic, Russia will be retained by Global Cobalt.

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Market News

Benchmark Mineral Intelligence on the Scale of Tesla’s Gigafactory

The latest update from Simon Moores of Benchmark Mineral Intelligence took a look at satellite images of Nevada that give an idea of the scale of Tesla Motors' (NASDAQ:TSLA) new gigafactory near Reno. The company is currently building phase 1 of its plant, and at just 20 percent of the overall size of the finished plant, phase 1 will be the largest lithium-ion battery plant in the world.

Apple Looking to Break into Electric Vehicle Market

Benchmark Mineral Intelligence reported that Apple Inc. (NASDAQ:AAPL) is being sued by A123 Systems Inc. (ETR:ALC), a lithium-ion battery producer, for stealing its employees to set up a new battery division.

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