Broken Hill Cobalt Project Awarded $15m Critical Minerals Accelerator Initiative (CMAI) Grant - Cobalt Blue

Broken Hill Cobalt Project Awarded $15m Critical Minerals Accelerator Initiative (CMAI) Grant

The Australian Government has awarded Cobalt Blue Holdings Limited (ASX:COB) $15m through the CMAI for the Broken Hill Cobalt Project (BHCP).

This funding will enable COB to accelerate the development of the BHCP by expanding the scope of Feasibility Studies, bringing forward infrastructure and services work packages, and decreasing start-up commissioning risks.

CMAI funding follows on the heels of Major Project Status and the invitation to Washington DC to participate in the bi-lateral Critical Minerals delegation between the Australian Minister of Trade and the US Commerce Secretary, providing strong support for COB to commercialise the first Australian cobalt sulphate refinery.

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