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Cobalt 27 announces first-ever cobalt/nickel streaming deal

By:  
Creamer Media Deputy Editor: North America
 
COBALT
Canadian cobalt company Cobalt 27 has created the world’s first cobalt/nickel streaming deal with ASX-listed Highlands Nickel on the Ramu mine, in Papua New Guinea (PNG). The two partners have signed a metal purchase and sale agreement (MPA) giving Cobalt 27 the right to buy 55% of Highlands subsidiary Ramu Nickel's (RNL's) cobalt output and 27.5% of payable nickel metal output in return for a C$146-million upfront cash deposit to Highlands.
 
 
 
 
 

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