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Cobalt 27 takes over Highlands in plan B

Cobalt 27 (TSX-V:KBLT) has taken another bold step, moving from blue metal play to mining company owner with the takeover of Highlands Pacific (ASX:HIG).

Cobalt 27 takes over Highlands in plan B Cobalt 27 takes over Highlands in plan B Cobalt 27 takes over Highlands in plan B Cobalt 27 takes over Highlands in plan B Cobalt 27 takes over Highlands in plan B

The Ramu mine was forecast to produce 3,300t of cobalt and 34,000t of nickel in 2018

The A10.5c (US7.5c) per share or $98 million deal unveiled last week follows the failure to complete a streaming transaction between the two companies agreed-to last May.