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CobalTech Mining to buy 8 cobalt properties in Quebec

CobalTech Mining Inc. said Jan. 24 that it acquired additional interests by purchasing eight new cobalt properties covering 1,535 hectares in Quebec.

CobalTech agreed to pay C$50,000 and issue 500,000 common shares to the vendor.

Sampling on the cobalt-prospective ground returned values ranging from 0.1% to 0.71% cobalt.

CobalTech President and CEO Antoine Fournier noted that the acquisition "will help diversify geological environments in which the company's cobalt properties are located."