#m2cobalt

M2 Cobalt merges with cash-rich Jervois Mining

M2 Cobalt (MC.V) has been in a trading halt since yesterday and although the company hasn’t issued a press release yet, an ASX-listed company released an interesting piece of information last night.

Jervois Mining (ASX:JRV), an Australian company with a market capitalization of just over A$60M, has entered into a definitive agreement to acquire all outstanding shares of M2 Cobalt in an all-share…

M2 Cobalt starts drilling the Bombo nickel-cobalt targets

M2 Cobalt (MC.V)has now dispatched a second drill rig to the Bombo exploration target on the Bujagali licenses, as the company wants to follow up on what appears to be an interesting nickel-cobalt-copper target. At Bombo, M2 has successfully outlined three separate large high-priority drill targets based on a geochemical sampling program as well as a geophysics program which included an airborne…

M2 Cobalt expands land position, starts drilling

M2 Cobalt (MC.V)has entered into a definitive agreement to acquire an additional 4 exploration licenses in Uganda, comprising of a total land package of 850 square kilometers that’s either contiguous with or close to the existing Kilembe and Bujagali exploration licenses. The total price tag is US$550,000 in cash as well as the requirement to issue 800,000 shares to the vendor, a Uganda-based…