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Kobalt

680 Posts
Pagina: «« 1 ... 7 8 9 10 11 ... 34 »» | Laatste | Omlaag ↓
  7. forum rang 10 DeZwarteRidder 21 november 2017 20:21
    RE:COBALT-NICKEL: UEX makes foray into new age metals

    Here is added value. Some of the historical drill holes WERE NOT ASSAYED yet even though they contained visible metalic minerals. All they have to do is assay these historical samples to add value.

    From UEX COBALT press release

    High Grades
    Cobalt grades of several of UEX’s holes compare favorably to the grades of many global and North American deposits

    Open-Pit Amenable

    Open In All Directions For Expansion
    Historical Focus on Unconformity Uranium Targets Avoided Co-Ni Opportunities
    Historical drill holes did not test the clay-altered host fault structure down-dip from the unconformity, the host environment for the West Bear Co-Ni Prospect.
    Several historical holes reported shiny metallic minerals within clay-altered graphitic pelite that were not assayed for cobalt or nickel. These same clay-altered graphitic pelites containing visible metallic minerals comprise the West Bear Co-Ni Prospect.

    Read more at www.stockhouse.com/companies/bullboar...
  9. forum rang 10 DeZwarteRidder 21 november 2017 20:57
    November 20, 2017

    Cobalt One Shareholders Overwhelmingly Approve Merger with First Cobalt

    TORONTO, ON — (November 20, 2017) – First Cobalt Corp. (TSX-V: FCC, OTCQB: FTSSF) (the “Company”) is pleased to announce Cobalt One Ltd. (ASX: CO1) shareholders have approved the merger with First Cobalt, with 99.995% of votes cast in favour.

    Trent Mell, President & Chief Executive Officer, commented:

    “We are one step closer to creating the largest pure play cobalt company in the world. We look forward to seeing First Cobalt shares trade on the ASX, as this dual listing will bring a much larger shareholder base and added liquidity.”

    Australian court approval for the merger has been granted and trading of Cobalt One shares on the ASX is expected to halt as of November 21, 2017, pending the close of the transaction. First Cobalt is expected to trade on the ASX under the ticker FCC on a deferred settlement basis effective November 22, 2017, subject to regulatory approval.

    Cobalt One and First Cobalt are combining a complimentary portfolio of high quality exploration assets in the Cobalt Camp in Canada. The combined company also owns the only permitted cobalt refinery in North America designed to produce battery materials.

    On completion of the merger, First Cobalt’s Board will be reconstituted to include First Cobalt founder Bob Cross, Cobalt One chairman Paul Matysek and Cobalt One Executive Director Jason Bontempo.

    About First Cobalt

    First Cobalt’s objective is to create the largest pure-play cobalt exploration and development company in the world. Upon completion of the mergers with Cobalt One Ltd. and CobalTech Mining Inc., First Cobalt will control over 10,000 hectares of prospective land and 50 historic mining operations in the Cobalt Camp in Ontario, Canada as well as a mill and a permitted refinery facility.
  12. forum rang 7 Just lucky 21 november 2017 21:46
    NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of purchasers of the securities of Katanga Mining Limited (OTC:KATFF) resulting from allegations that Katanga may have issued materially misleading business information to the investing public.
  16. forum rang 10 DeZwarteRidder 22 november 2017 16:44
    CobalTech Shareholders Approve Merger with First Cobalt
    V.FCC, V.CSK | 3 hours ago

    TORONTO, Nov. 22, 2017 (GLOBE NEWSWIRE) -- First Cobalt Corp. (TSX-V:FCC) (OTCQB:FTSSF) (the “Company”) is pleased to announce shareholders of CobalTech Mining Inc. (TSX-V:CSK) have approved the merger with First Cobalt, with 95% of votes cast in favour.

    Trent Mell, President & Chief Executive Officer, commented:

    “We now have approval from CobalTech and Cobalt One shareholders to finalize the three-way merger and we look forward to closing both transaction over the next 2 weeks. First Cobalt now controls approximately 45% of the prospective land in the Cobalt Camp. This historic mining camp has never seen the required land consolidation to permit district-scale exploration and we will remain very active in 2018.”

    CobalTech assets include a mill facility in the Cobalt Camp and a land package with a rich mining history that is contiguous to Cobalt One and First Cobalt properties. The combined company will own more than 10,000 hectares of prospective land including the only permitted cobalt refinery in North America designed to produce battery materials.

    About First Cobalt

    First Cobalt’s objective is to create the largest pure-play cobalt exploration and development company in the world. Upon completion of the mergers with Cobalt One Ltd. and CobalTech Mining Inc., First Cobalt will control over 10,000 hectares of prospective land and 50 historic mining operations in the Cobalt Camp in Ontario, Canada as well as a mill and a permitted refinery facility.

    On behalf of First Cobalt Corp.

    Read more at www.stockhouse.com/news/press-release...
  17. Snirp 22 november 2017 17:48
    Katanga Mining : Glencore’s shady dealings in the DRC

    11/21/2017 | 06:57pm EST
    WASHINGTON - Two weeks after the Paradise Papers leak brought a wave of scrutiny over Glencore’s dealings in the Democratic Republic of Congo, the company is facing another scandal.

    The issues stem from Katanga Mining Ltd., a Congolese copper producer owned by Glencore. The African company restated financial statements and is under investigation by Canadian regulators for its corporate governance and accounting practices.

    In a major sign of how toxic the problem has become for the Swiss commodities giant, three executives including billionaire Aristotelis Mistakidis resigned from the board of Katanga.

    Mistakidis is a key part of Glencore. Among management, he’s the third-biggest shareholder and longtime lieutenant to Chief Executive Office Ivan Glasenberg. He helped lead the company’s ascent from a scrappy trader to a commodities giant and world’s third-biggest copper miner.

    While Katanga is financially a small part of Glencore’s overall business, it faces an ongoing headache over the past relationship with controversial Israeli billionaire Dan Gertler.

    An internal review found among other problems that Katanga had failed to disclose compensation paid to some executives and overstated copper output in 2014. In some cases, senior management and executive directors were responsible for overriding control processes.

    Canada’s Ontario Securities Commission is also investigating the accuracy of Katanga’s financial reporting, corporate governance and the conduct of some directors and officers. It’s also reviewing disclosures related to bribery and anti-corruption laws.

    Source: Bloomberg

    Glencore nominated three new directors to the Katanga board, including Chief Financial Officer Steven Kalmin. It will strengthen controls across its copper division, Glencore said in a statement.

    Katanga’s business dealings in Congo and Canadian disclosures have been questioned before. In March, Global Witness said more than $100 million in payments due to state-owned Gecamines were instead paid to a firm controlled by Gertler. The payments were not clearly described in Katanga’s reporting, according to the London-based advocacy group.

    In filings between 2013 and 2015, Katanga either said the payments went to Gecamines or didn’t specify the recipients.

    At the time, Glencore said it made the payments to Gertler’s Africa Horizons Investments Ltd. at Gecamines’s request, and complied with all Canadian disclosure rules.

    Glencore owns about 86 percent of Toronto-listed Katanga Mining. It began investing in the business a decade ago through the merger of Katanga and Nikanor Plc, in which Gertler also held shares. In February, Glencore cut ties with Gertler and bought out his stake in Katanga.

    Katanga will be one of Glencore’s biggest copper mines when it restarts production. It suspended mining in 2015 to invest in new processing facilities, but will produce as much as 300,000 tons of copper and 20,000 tons of cobalt a year from the unit by 2019.

    Peter Grauer, the chairman of Bloomberg LP, is a senior independent non-executive director at Glencore.

    -BLOOMBERG
680 Posts
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