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Cobalt Blue Holdings' CEO purchases shares in on-market transaction

COB has agreements in place with top-tier global companies for the testing of cobalt products and sulphur samples from the metallurgical testing centre.

Cobalt Blue Holdings Ltd - Cobalt Blue Holdings' CEO purchases shares in on-market transaction
The Broken Hill Cobalt Project is around 1,000 kilometres and 500 kilometres from Sydney and Adelaide respectively

Cobalt Blue Holdings Ltd (ASX:COB) chief executive officer Josef Kaderavek has acquired 100,000 shares in the company for a total of $9,613 in an on-market transaction.

The shares were purchased for the Kaderavek Family Trust and Kaderavek Superfund of which Josef and Ariane Kaderavek are the registered holders.

Following the acquisition, Kaderavek now holds a total of 4.08 million shares and 3.50 million options.

Cobalt Product Sample Program recently launched

The company recently launched a Cobalt Product Sample Program through which cobalt products and sulphur samples from a metallurgical testing centre will be provided to top-tier companies in the cobalt-for-battery supply chain.

COB is establishing a new testing centre in Broken Hill from which varying specifications of cobalt products, including mixed hydroxides and sulphates, will be produced for potential commercial partners.

Agreements are in place with a number of top-tier global companies and the aim of COB’s new program is to provide samples for technical and market assessments.

The first stage of the metallurgical testing centre will be a pilot plant for which key components have arrived in Australia for transport to Broken Hill.

Quick facts: Cobalt Blue Holdings Ltd

Price: 0.105 AUD

Market: ASX
Market Cap: $16.79 m

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