Project Infinity and the Kwinana Cobalt Refinery are complementary parts of the same strategy. KCR remains the primary objective. But Project Infinity validates the technology behind it, builds Cobalt Blue's international profile, and opens commercial pathways that ultimately advance the same goal.

The Cobalt Blue–Glomar Minerals consortium continues to advance Project Infinity, the plan to build the world's first commercial polymetallic nodule refinery in the US.

Since forming in March 2026, site selection has progressed and the first CCZ nodule samples have arrived at Cobalt Blue's Broken Hill Technology Centre, with initial testwork now underway.

Over the past quarter, Cobalt Blue has continued preparations for an updated Preliminary Feasibility Study (PFS), targeting completion in Q4 2026.

Building on previous feasibility studies, pilot-scale processing, bulk sampling, and testwork, BHCP's path to development is taking shape.

The cobalt market has undergone a remarkable reversal, with the recovery reflecting a confluence of structural forces.

The DRC government's moves to manage supply, a surge in EV adoption, and intensifying geopolitical pressure on critical mineral supply chains.

The Company made significant progress toward Final Investment Decision at the Kwinana Cobalt Refinery, expanded its technology footprint into the US, and advanced project development across its portfolio during the March 2026 quarter.

Small Caps breaks down the strategic logic behind Project Infinity, our 200,000 t/yr nodule refinery consortium with Glomar Minerals, and how our patented hydromet technology answers the question deep-sea mining has never been able to solve.

Cobalt Blue was featured on the Spotlight program, shining a national spotlight on one of Australia’s most significant undeveloped mineral resources.

Once overlooked by critical minerals investors, cobalt now sits at the intersection of two forces rewriting the global economy: an accelerating clean energy transition and an unprecedented supply shock from the world's dominant producer.

Cobalt Blue has a clear growth strategy to capitalise on this moment: becoming Australia's leading refined cobalt supplier, and expanding into the United States with a dedicated cobalt and manganese plant.

CEO Dr Andrew Tong presented at the Austmine CEO Leadership Luncheon in Sydney on 16 April.

We are pleased to publish the presentation which includes information on our corporate strategy, an update on the Cobalt and Sulphur markets, and our recent entry into a consortium agreement with Glomar Minerals .

When investors think about the Broken Hill Cobalt Project (BHCP), cobalt quite rightly takes centre stage. But there's another commodity sitting within the same mineralisation that is increasingly difficult to ignore — and right now, its market dynamics are moving in BHCP's favour.

CEO Dr Andrew Tong and Business Development Manager Joel Crane hosted a live webinar on April 1st, sharing details on the recently announced consortium with Glomar Minerals.

The full recording is available here.

Cobalt Blue and Glomar Minerals Partner on Nodule Processing

We are very pleased to announce that Cobalt Blue Holdings Limited has entered into a consortium agreement with Glomar Minerals LLC to advance the development of a critical minerals processing facility in the US.

Business Development Manager Joel Crane spoke with Proactive about a major technical milestone for the Kwinana Cobalt Refinery after cobalt sulphate samples met strict specifications for battery precursor materials from a prospective Japanese customer.

pCAM specification for Cobalt Sulphate Confirmed

We are pleased to report strong progress on the Kwinana Cobalt Refinery and supporting programs at the Broken Hill Technology Centre (BHTC).

It was another busy quarter, rounding out what has been a year of sustained progress for Cobalt Blue. While our primary focus remains on completing the final steps required to progress the Kwinana Cobalt Refinery toward construction, we are equally encouraged by the range of complementary initiatives advanced during the period.

CEO Dr Andrew Tong presented at the Emerging Growth Conference, a US investor-focused event

Gold, copper and even by-product silver dominated commodity headlines this year as strong fundamentals pushed each to record highs. Meanwhile, cobalt has quietly delivered the most impressive performance of all. The benchmark European metal price is up 120% year-to-date, rising from historically depressed levels and outperforming several higher-profile assets.

Andrew provided Small Caps with a detailed update on the Kwinana Cobalt Refinery (KCR) and the pivot to battery black mass recycling at the Broken Hill Technology Centre (BHTC).

We are pleased to announce COB received firm commitments to raise $5.3 million through a placement led by international and domestic institutional investors.

Andrew talked with Proactive about the upgraded economics at the Kwinana Cobalt Refinery as well as the changes follow a significant rebound in global cobalt prices, which have more than doubled in 2025.