Us Cobalt

Chilean Cobalt reports first drill results from the NeoRe rare-earths project in southern Chile with intervals up to 535 ppm TRE and an average of about 358 ppm. The company identified the Esperanza 7 area as a potential site for the first modular extraction plant and plans an expanded drilling campaign of more than 25 holes, using up to three drill rigs. NeoRe has chosen one of five processing options for the next engineering phase, is initiating a pilot plant and is targeting a possible start of production in about 12 months, subject to land-use agreements. Financials so far show no revenues and a loss of $0.07 per share; the stock is currently at $2.00 after strong gains last year and over the past six months. » Altro su de.investing.com