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Mining & Resources
Cobalt 27 sets sights on Highlands Pacific in friendly cash takeover
The board of Highlands Pacific (ASX: HIG) has recommended shareholders vote in favour of a $115 million takeover offer lobbed by its largest shareholder, Cobalt 27. The battery minerals company has agreed to acquire all the shares in Highlands which it does not already own under the PNG Companies Act. Under the terms of the […]
Mining & Resources
Highlands Pacific receives multimillion dollar backing from Canadian battery metals company Cobalt 27
Metals developer Highlands Pacific (ASX: HIG) has received a significant overnight boost with news coming out of Canada that battery metals company Cobalt 27 will be spending US$113 million to capture its cobalt and nickel production from the Ramu Nickel project in Papua New Guinea. The US$2.1 billion Ramu cobalt nickel project near Madang, on […]
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