SunMirror AG: Acquisition target Latitude 66 Cobalt reports success in metallurgical tests and starts drilling programme
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EQS-News: SunMirror AG / Key word(s): Miscellaneous May 3, 2022. SunMirror AG ("SunMirror"; Xetra; Vienna: ROR1; ISIN CH0396131929) gives an account of the information released by Latitude 66 Cobalt Limited ("Lat66") on 29 April 2022 regarding its Juomasuo/K1 cobalt gold project in Finland. SunMirror AG is currently in the process of acquiring Lat66 (see press release dated 26 August 2021).
Metallurgical test work continues with a focus on increasing the recovery rate of cobalt while maintaining concentration grades. Lat66 is confident that this has already demonstrated commercially acceptable recovery rates. Lat66 CEO Thomas Hoyer stated that "The results of the metallurgical test work show that we can produce domestic cobalt concentrate for the Finnish and European industry. These positive results are an important milestone for us and a strong signal to our various partners who have shown interest in our future production." 03.05.2022 This Corporate News was distributed by EQS Group AG. www.eqs.com |
Language: | English |
Company: | SunMirror AG |
Steinhauserstrasse 74 | |
6300 Zug | |
Switzerland | |
E-mail: | info@sunmirror.ch |
Internet: | https://www.sunmirror.ch |
ISIN: | CH0396131929 |
WKN: | A2JCKK |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Tradegate Exchange; Vienna Stock Exchange (Official Market) |
EQS News ID: | 1342625 |
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End of News | EQS News Service |