• Cobalt Blue and Glomar Minerals form consortium to advance polymetallic nodule processing facility in the U.S.
• Aim to deliver a 'world-first' plant, supplying products to U.S. advanced manufacturing and defence industries
• Cobalt Blue to leverage its patented technology and expertise to undertake feasibility studies

Cobalt Blue Holdings Limited (Cobalt Blue) enters into a consortium agreement with Glomar Minerals LLC (Glomar Minerals) to advance a critical minerals processing facility in the US. The parties plan to progress feasibility studies for processing polymetallic nodules, inclusive of piloting testwork at Cobalt Blue's Broken Hill Technology Centre. The aim is to deliver a 'world-first' plant, for supplying products to the US advanced manufacturing and defence industries. Polymetallic nodules provide an abundant, multi-metal resource containing cobalt, manganese, nickel, copper, iron, rare earth elements and titanium, enabling multi-commodity production from a single feedstock source. Cobalt Blue brings metallurgical experience and patented intellectual property developed through the Broken Hill Technology Centre for the Kwinana Cobalt Refinery, the Broken Hill Cobalt Project, and related battery black mass processing programs. This expertise positioned the Company favourably as the preferred processing partner for Glomar Minerals. The consortium plans to progress feasibility studies and development plans for a proposed ~200,000 tpa nodule-processing facility in the US. Cobalt Blue's role is focused on using its patented flowsheet to undertake feasibility-stage studies to assess the technical and economic viability of polymetallic nodule processing.

The above work programs are expected to be completed over a period of 18-24 months from their commencement. Subject to successful outcomes, the Parties will seek sufficient funding to proceed into development, including construction and operation of a processing facility in the US.