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.