Cobalt Blue Holdings Ltd.ASX: COB

Cobalt Blue contracted to undertake PEA for Glomar

· Issued by Cobalt Blue Holdings Ltd.

Filed with ASX · · 4 pages · English

Summary by 6ix AI

Cobalt Blue Holdings Ltd. has announced a contract with Glomar Minerals LLC to conduct a Preliminary Economic Analysis for Project Infinity, a planned polymetallic nodule refinery in the US. The analysis will evaluate the technical and economic feasibility of processing polymetallic nodules and includes metallurgical testwork and cost estimations. Cobalt Blue will receive a fee for its work, which will utilize its proprietary processing technology. This contract marks a significant step in the collaboration between Cobalt Blue and Glomar, aimed at establishing a critical minerals supply chain.

Written by 6ix AI from the company’s filing. How 6ix writes summaries

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