Cruz Cobalt Corp. (
TSX: V.CUZ,
OTCPink: BKTPF,
Forum) on Tuesday said the drill permit for the 900-acre Johnson Cobalt Prospect near Cobalt, Ont., has been approved by the Ministry of Northern Development and Mines.
Cruz is set to be one of the most active junior cobalt companies in the coming months, with multiple work programs expected to commence in multiple countries, states and provinces, said Cruz President James Nelson.
Nelson said he is very optimistic about the cobalt price, which recently reached at nine-year highs of $27.90.
More information can be found
here.
Cruz Cobalt was in the news recently when
the company said it is making an application for an exploration permit on its 5,500 acre Hector Cobalt Prospect in Ontario. Cruz is one of the largest landholders in the vicinity of Cobalt, Ont.
Full Disclosure: Cruz Cobalt Corp. is a paid client of Stockhouse Publishing.