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Cobalt deal goes flat

Vancouver-based Global Energy Metals Corp’s share price has flattened after spiking on this week’s news of a cooperation deal on finding and developing cobalt projects with China’s Beijing Easpring Material Technology Co. GEMC has the Werner Lake cobalt project in north-western Ontario, but little was made of it as both companies talked up their aim to “jointly invest in and develop cobalt projects”.

Mining Journal
Cobalt deal goes flat

GEMC hit 25c on Wednesday but is back down at 21c, having dipped nearly 30% since the start of the month. Mitchell Smith, GEMC president and CEO, said the formal agreement with Easpring launched a “long-term...

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