Paul Johnson, CEO of Metal NRG (LON:MNRG) tells Proactive they're a small, shell NEX company with just under £500,000 in the bank looking to find new projects in the energy, metals and minerals sectors.
They've recently announced they're first push into the cobalt space.
''Cobalt's a very, very hot sector in Australia at the moment - the price of the commodity has been going up dramatically because it's used in battery technologies so there's a great demand for that product'', Johnson says.
''We felt that if we had to pick one commodity to start our journey on, then we would want to be in that hot area where we think there's a real good future dynamic in the next few months and few years''.
Paul Johnson adds that while they're looking keenly at Australia they're also considering opportunities in the US: ''There's some superb opportunities - we're in advanced discussions over a number of different interests.''