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eCobalt sets funding platform

TSX-listed cobalt developer eCobalt Solutions, which has lodged a base shelf prospectus in Canada to raise up to C$100 million (US$75 million) of equity funding, expects to have to demonstrate sound environmental stewardship over two or more years at its proposed Idaho mine in the northern US state before it can expand output at one of the world’s few potential new ‘pure’ cobalt ventures.

eCobalt sets funding platform eCobalt sets funding platform eCobalt sets funding platform eCobalt sets funding platform eCobalt sets funding platform

eCobalt aims to lock down remaining financing for its proposed C$150 million cobalt production facility, and underground mine and concentrator, in the first half of next year.

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