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Century Cobalt (OTC: CCOB) has signed a Memorandum of Understanding (MOU) with UK-based Technology Minerals to discuss the acquisition of its Emperium Cobalt Project located in the Idaho Cobalt Belt. Technology Minerals aims to lead the UK's green circular economy in the battery sector by extracting materials for Li-ion batteries and recycling spent lithium-ion batteries. If the acquisition is successful, Century Cobalt will shift its focus to a medicinal cannabis opportunity in partnership with Block Commodities Limited.
Century Cobalt (OTCQB: CCOB) announced an acquisition opportunity to secure a 70% interest in a Medicinal Cannabis license in Zimbabwe through a partnership with Block Commodities Limited. Each party will hold a 35% share. The acquisition includes a £50,000 option fee and a £1.5 million payment from Block Commodities via share issuance. This strategic move aims to enhance shareholder value and allows for the supply of medicinal grade cannabis for nutraceutical production. Century Cobalt is also exploring options to monetize its Emperium Cobalt Project.
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