A new owner for Cobalt's PolyMet Labs.
| Date | 01 November 2019 |
PolyMet Labs, a Cobalt fire assay analytic lab and mineral processing facility, is being acquired by Canada Cobalt Works.
In a $650,000 cash and share deal, the Couquitlam, B.C.-based cobalt and precious metals junior miner announced Oct. 10 it has signed a binding letter of intent to acquire the assets of PolyMet Resources, including PolyMet Labs and its 23,000-square-foot facility in the town of Cobalt.
A news release from Canada Cobalt Works (formerly Casue Silver Resources) called this a "strategic time in the precious metals cycle" and picking up the facility offers them "multiple immediate and long-term advantages" with a high capacity bullion melting furnace to...
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