The shares will be purchased on the Moscow Exchange or the over-the-counter market.

Proposed project would represent the first commercial production of PCAM in Australia and would align with the State Government’s drive to grow Western Australia’s future battery industry.

A quarter of all cobalt used in Apple products came from recycled material in 2022, up from 13% a year earlier.

The new discovery at Midlothian follows a string of recent exploration successes in Ontario that included the Reid, Deloro, Sothman and Texmont properties.

The government has signed new agreements with Japan, Germany, the UK and India since late last year.

Canada and Australia could be investment targets for nickel, according to the group CEO.

The bank has cut numerous base metals clients in Asia, with particularly deep cuts among privately owned Chinese companies.