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First Cobalt to acquire US Cobalt

First Cobalt (CN:FCC) is carrying out more M&A, this time agreeing to acquire US Cobalt (CN:USCO) and its Idaho project for around C$149.9 million (US$115.7 million).

First Cobalt to acquire US Cobalt First Cobalt to acquire US Cobalt First Cobalt to acquire US Cobalt First Cobalt to acquire US Cobalt First Cobalt to acquire US Cobalt

First Cobalt will add to its Cobalt Camp assets with the US Cobalt acquisition

Under the agreement, US Cobalt investors will exchange one of its shares for 1.5 First Cobalt shares.