Cobalt Blue Holdings has formalised a US$150,000 contract with consortium partner Glomar Minerals to lead technical work for the Project Infinity preliminary economic assessment. The proposed project involves a US-based refinery for deep-sea polymetallic nodules, using Cobalt Blue's hydrometallurgical processing technology and Broken Hill Technology Centre.
Key Highlights
- Project Infinity will assess the economics and technical requirements for harvesting nodules, transporting them to the US, separating manganese, cobalt, nickel and copper, and developing the refinery infrastructure.
- Cobalt Blue is assessing potential sites in Louisiana, Texas and North Carolina, with access to ports, intermodal transport, sulfuric acid, limestone and end markets among the selection criteria.
- Test work has shown very high leaching of manganese, cobalt, nickel and copper from samples received about a month before the interview.
- The PEA is targeted for late November to early December 2026, with an updated JORC-compliant or NI 43-101-compliant resource to support the study.
- Cobalt Blue says its Kwinana cobalt refinery remains the key project, with an estimated A$50 million to A$60 million capital cost.
About Cobalt Blue Holdings Ltd
Cobalt Blue Holdings is developing hydrometallurgical processing technology for cobalt, nickel, manganese and copper. Its Kwinana cobalt refinery is the company's key project, while its work with Glomar Minerals extends the same core processing technology to Project Infinity in the US.
Disclaimer
This podcast is for educational and entertainment purposes only and should not be considered financial advice. All investments carry risk, including the potential loss of principal. Listeners should conduct their own research and consider seeking professional financial advice before making investment decisions.
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