Not dead in the water23 Apr 2021 16:02
If this was done so that certain people could offload their stock why are our partner selling their entire interest in the Emperium Cobalt Project , "the Company will change its strategic direction and focus on the recently announced medicinal cannabis licence opportunity in partnership with its UK listed partner, Block Commodities Limited"
Century Cobalt Corporation Provides Strategy Update and Potential Sale of Assets
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Century Cobalt Corp.
March 23, 2021
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CCOB
Century Cobalt
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LOS ANGELES, March 23, 2021 (GLOBE NEWSWIRE) -- Century Cobalt (OTC: CCOB), further to its announcement made on March 17, 2021, announced today that it has signed an MOU and entered into discussions with UK-based Technology Minerals Limited (“Technology Minerals”) for Technology Minerals to acquire the Company’s entire interest (“the assets”) in the Emperium Cobalt Project, (the “Project”), based in the Idaho Cobalt Belt.
Technology Minerals is comprised of mining assets and a major recycling group, laying the foundations for the UK’s first meaningful green circular economy in the battery industry and is currently in the process of becoming a UK-listed Company on the on the Standard List of the London Stock Exchange, by way of a Reverse Take Over.
Technology Minerals will extract the raw materials required for Li-ion Battery cathodes and then help solve the ecological issue of spent Li-ion batteries by recycling them for reuse by battery manufacturers.
To date, Century Cobalt has focused on exploring and developing its large Emperium Cobalt Project to take advantage of the growing demand for secure, domestic cobalt supplies, but the Directors believe that a sale of its assets to Technology Minerals represents an attractive and quicker route to monetize the Project.
If the negotiations are successful and the sale of the Project is completed, the Company will change its strategic direction and focus on the recently announced medicinal cannabis licence opportunity in partnership with its UK listed partner, Block Commodities Limited.
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