Global Cobalt to Hone Focus with Spin Out

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.

Read More Feature Articles

 

Company News

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.

Formation Metals on Energy & Capital’s “Three Stocks for the Cobalt Bull Market”

Formation Metals on Energy & Capital’s “Three Stocks for the Cobalt Bull Market”

Formation Metals Inc. (TSX:FCO) was mentioned in an article on the Energy & Capital entitled, "Three Stocks for the Cobalt Bull Market". The article mentions the current opportunity for growth and diversity in the cobalt market, and that Formation Metals is a company to watch because "its mines aren't in the DRC, which means it will garner a higher price for its cobalt if there is a supply squeeze due to political unrest."

Global Cobalt Settles Debt

Global Cobalt Settles Debt

Global Cobalt Corp. (TSXV:GCO) announced that it has settled its debt with a creditor whereby the Company has agreed to issue an aggregate of 564,997 common shares at a deemed price of $0.05 per share. The transaction is subject to the approval of the TSX Venture Exchange.

Read More Company News

Market News

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.

Chinese Billionaire Aiming to Beat Tesla in EV Market

A recent report from Bloomberg suggests that Chinese billionaire Jia Yueting is aiming to build electric cars and hopes to surpass Tesla Motors Inc. (NASDAQ:TSLA) in terms of building a broadly available electric vehicle.

Read More Market News

Authors


See all Authors