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Cobalt 27 takes on Ni, Co royalty

Cobalt 27 (CN:KBLT) has branched out from its physical cobalt focus and is taking a 1.75% net smelter return royalty at the Dumont nickel and cobalt project in Canada’s Abitibi region.

Cobalt 27 takes on Ni, Co royalty Cobalt 27 takes on Ni, Co royalty Cobalt 27 takes on Ni, Co royalty Cobalt 27 takes on Ni, Co royalty Cobalt 27 takes on Ni, Co royalty

Cobalt from the blue: Pala and Waterton backed RNC before it added cobalt to the Dumont nickel and cobalt project PICTURE: RNC Minerals

Anthony Milewski's battery metals play is betting on demand for non-Democratic Republic of Congo cobalt to get the big Canadian project to production.  

RNC Minerals (CN:RNC) and private equity firm Waterton Global Resource Management are joint-venture partners on Dumont, which a 2013 feasibility study said could become a 33,000 tonne-per-annum nickel and 1,000tpa cobalt mine, with an initial capex of C$1.3 billion (US$1 b...