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Cobalt Blue Holdings Limited (ASX:COB)

ALERT: Price-sensitive ASX Announcement for COB
Current share price for COB : $0.065 -0.04 (-38.10%)+
Announcement
Release
8 Dec 2025 9:17AM
Price at Release
$0.105
Full Release
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Summary
Cobalt Blue Holdings Limited has successfully raised $5.3 million through a placement involving 59,144,446 new shares at $0.09 per share, representing a 14.3% discount to the last traded price. The funds will be allocated to advancing the Kwinana Cobalt Refinery, evaluating black mass processing at the Broken Hill Technology Centre, furthering project permitting for the Broken Hill Cobalt Project, and covering working capital and offer costs. The placement includes options exercisable at $0.115, expiring on 15 December 2027, and was managed by Pamplona Capital Pty Ltd and Bell Potter Securities Limited. Settlement of the new shares is anticipated around 12 December 2025.
Key Points
  • Firm commitments to raise $5.3 million through a placement.
  • Placement issue price is $0.09 per share, a 14.3% discount to last traded price.
  • Funds will be used for Kwinana Cobalt Refinery, Broken Hill Technology Centre, project permitting, and working capital.
  • Placement involves 59,144,446 new shares and options.
  • Options exercisable at $0.115, expiring 15 December 2027.
  • Pamplona Capital Pty Ltd and Bell Potter Securities Limited are Joint Lead Managers.
  • Settlement expected around 12 December 2025.
  • Cobalt Blue Holdings focuses on midstream processing capabilities in Australia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.