Battery Mineral Resources Corp. provided an update on its Ontario exploration portfolio, highlighting the McAra silver-cobalt-copper resource and various high-grade intercepts across its projects. The update includes historical resource data for McAra and recent drill/surface results from Gowganda and Wilder.
Great Atlantic Resources Corp. has entered into an option agreement with Slam Exploration Ltd. to earn a 100% interest in the Mount Raymond cobalt-copper-nickel-vanadium property in New Brunswick. Under the terms, Slam must make cash payments, issue shares, and incur $200,000 in exploration spending over three years, after which Great Atlantic will retain a 2% NSR royalty.
Great Atlantic Resources Corp. has confirmed cobalt anomalies in stream sediment samples at its Kagoot Brook property in New Brunswick. The 2024 sampling identified cobalt values up to 610 ppm over a 900-meter section, alongside nickel and zinc traces.
Fortune Minerals has successfully validated an optimized hydrometallurgical flowsheet for its NICO Project, producing battery-grade cobalt sulphate heptahydrate. The recent test work achieved improved cobalt (97%) and copper (74%) recoveries compared to 2008 pilot plant results.
Fortune Minerals has successfully validated an optimized hydrometallurgical flowsheet for its NICO project, producing battery-grade cobalt sulphate heptahydrate. The test work, conducted at SGS Canada, demonstrated improved cobalt (97%) and copper (74%) recoveries compared to previous pilot plant results.
Fortune Minerals has retained P&E Mining Consultants Inc. to prepare new Mineral Reserve estimates, a mine plan, and a production schedule for an updated Feasibility Study for the NICO cobalt-gold-bismuth-copper project. The update is expected to benefit from significantly higher metal prices and a more favourable Canadian dollar compared to the 2014 Feasibility Study.
Fortune Minerals has retained P&E Mining Consultants Inc. to update the Mineral Reserve estimates, mine plan, and production schedule for the NICO Project Feasibility Study. The update aims to capture improved project economics driven by significantly higher metal prices (gold, cobalt, bismuth, and copper) and a more favourable CAD/USD exchange rate compared to the 2014 study.
Fuse Battery Metals announced high-grade drill results from its Glencore Bucke Project in Ontario, including 7.75% Cobalt and 5.44% Nickel over 0.42 meters. The program confirmed mineralization continuity at depth and extended it southward towards the Teledyne property. The company disclosed QA/QC procedures and QP sign-off, but noted that reported intervals are core length and not true widths.
A monthly news summary for the cobalt sector covering market pricing, supply/demand forecasts, and key corporate updates. Notable news includes CMOC's profit decline, Glencore's recycling hub study, and various exploration/resource updates from junior miners.
