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METALS & MINING | Precious Metals
ecobalt.com

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Stage

Acq - P2P | Acquired

Valuation

$0000 

About eColbalt Solutions

eCobalt Solutions engages in the exploration and development of mineral properties in Canada, the United States, and Mexico. It primarily explores for base and precious metals, and uranium, as well as copper, gold, silver, lead, and zinc deposits.On July 24th, 2019, eCobalt Solutions was acquired by Jervois Mining, at a valuation of $43.84M.

eColbalt Solutions Headquarter Location

999 West Hastings Street Suite 1810

Vancouver, British Columbia, V6C 2W2,

Canada

+1-604-682-6229

Latest eColbalt Solutions News

Former Idaho governor seeks to thwart Jervois Mining deal for eCobalt

Jul 26, 2019

Former Idaho governor seeks to thwart Jervois Mining deal for eCobalt Jul. 26, 2019 5:47 PM ET An Australian company's acquisition of an Idaho cobalt mine is being challenged by a former governor of the state, who worries that "Idaho cobalt will be shipped to China" if the deal goes through. Jervois Mining this week closed a $44M deal to acquire eCobalt Solutions ( OTCQX:ECSIF ), giving Jervois control of the eCobalt's cobalt mining site in the state. The former governor, C.L. "Butch" Otter, also sits on the board of a rival company, First Cobalt ( OTCQX:FTSSF ), which made its own offer for eCobalt's mining operations and opposed the Jervois acquisition. Otter wants a review of the deal by U.S. Treasury Secretary Mnuchin, whose department oversees the Committee on Foreign Investment in the U.S. Jervois CEO Bryce Crocker says Idaho cobalt will not be sent to China for refining and dismisses Otter's complaints as an attempt by a losing bidder to scuttle the deal.

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