02
Apr
15:48
COBALT: First Cobalt advances debt financing for Ontario refinery
Canada-based First Cobalt reports it has entered into an exclusivity agreement with a leading financial institution for $45 million in debt financing to fund the capital costs related to recommissioning and expanding a cobalt refinery in northern Ontario, Kallanish reports.
The exclusivity period will allow the lender to complete its remaining due-diligence requirements prior to the negotiation of definitive documents, says the company with headquarters in Toronto…
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