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Scientific Metals increases land position in Idaho cobalt belt

Scientific Metals Corp. completed the acquisition of 58 unpatented lode mining claims totaling 1,160 acres that are contiguous with its Iron Creek copper-cobalt project in Idaho.

The company acquired 100% of the issued and outstanding shares of Idaho Cobalt Co. by issuing 10.0 million common shares, it said Oct. 3, after entering the agreement in mid-September. The transaction is subject to final approval by the TSX Venture Exchange.

Scientific Metals now holds 65 lode mining claims totaling 1,297 acres in the Idaho cobalt belt.