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The latest update is out from Cobalt Blue Holdings Ltd. ( (AU:COB) ).
Cobalt Blue Holdings Ltd. has repaid $2 million of a $3 million promissory note to American Rare Earths Limited, with the remaining $1 million due by October 2025. As part of the revised agreement, American Rare Earths received 335,882 fully paid ordinary shares in Cobalt Blue, which highlights a strategic financial adjustment between the companies.
More about Cobalt Blue Holdings Ltd.
American Rare Earths Limited (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) is focused on the development of rare earth projects in North America, including the Halleck Creek Project in Wyoming and the La Paz deposit in Arizona. The company aims to become a leader in sustainable rare earth extraction and processing, which are crucial for the clean energy transition and US national security. Additionally, the company is engaged in research and development to enhance processing techniques for rare earth elements.
YTD Price Performance: 14.00%
Average Trading Volume: 56,934
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $20.72M
See more data about COB stock on TipRanks’ Stock Analysis page.
