Meteoric Resources NL (ASX:MEI) this week staked additional ground prospective for cobalt 5 kilometres east of the Mulligan Cobalt project, situated in Ontario’s Cobalt Embayment.
The area is renowned for its historic production of over 28 million tonnes of cobalt and 720 million ounces of silver.
To advance the next steps, Meteoric is heading to market with a capital raising, and the ASX has granted a trading halt to prepare.
The halt will remain in place until the opening of trade on Tuesday 28th November 2017, or earlier if an announcement is made to the market.