ESI Energy Services closed $10M financing with Yorktown Energy Partners XI, L.P. and made $10M required payment to Battery Mineral Resources Limited under an early stage Process Facility and Cobalt Supply Agreement for BMR’s cobalt-focused mineral exploration claims located in Ontario.
US Cobalt (TSX-V: USCO; OTCQB: USCFF) approved the acquisition by First Cobalt (TSX-V: FCC; ASX: FCC; OTCQX: FTSSF) with shareholders, warrant holders and option holders voted 98.87% in favour of the transaction, with 35.8% of eligible votes cast.
Cobalt Blockchain Inc. (TSX-V: COBC) engaged IBK Capital Corp. for a private placement of up to 12M common shares at $0.25 per share for gross proceeds of up to $3M
Cobalt 27 Capital (TSX-V: KBLT; FSE: 27O) entered into a US $80M revolving term credit facility led by National Bank of Canada with a syndicate including Bank of Montreal and The Bank of Nova Scotia
Power Americas Minerals (TSX-V: PAM) closed brokered private placement of 6,666,666 FT shares at $0.15 and 11,216,666 NFT units at $0.15 for aggregate gross proceeds of $2,682,500. Canaccord Genuity Corp. and Gravitas Securities Inc. co-led the offering
Bankers Cobalt Corp. (TSX-V: BANC) intends to complete a non-brokered private placement of up to 50M units $0.12 per unit for gross proceeds of up to $6M
Cobalt Power Group (TSX-V: CPO, OTCPK: CBBWF) to acquire Western Cobalt Corp. in exchange for the issuance, pro-rata, of 12,200,000 common shares and 2.5 % NSR
Boreal Metals (TSX-V: BMX) entered into agreement with EMX Royalty (TSX-V/NYSE American: EMX) for acquisition of Mjövattnet and Njuggträskliden cobalt and nickel projects
eCobalt Solutions (TSX: ECS, OTCQX: ECSIF) appointed Monique Rabideau, Practice Lead, Capital Markets and Securities for Practical Law Canada at Thomson Reuters, to board of directors.
Namibia Rare Earths (TSX-V: NRE) intends to complete a non-brokered private placement of 16,216,216 common shares at $0.185 per common share for gross proceeds of up to $3,000,000