# First Cobalt and CobalTech Mining sign definitive merger agreement

First Cobalt Corp. and CobalTech Mining Inc. entered into a definitive merger agreement, with First Cobalt acquiring all shares of CobalTech. The combined company will be a pure-play cobalt exploration company with assets in the Cobalt, Ontario mining camp.

- Type: Acquisition
- Announced: 2017-08-21
- Where: Cobalt, Ontario, Canada
- Status: announced
- Products: cobalt exploration
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [First Cobalt](https://endata.com/companies/25067.md) (acquirer)
- [CobalTech Mining Inc.](https://endata.com/companies/26418.md) (target)
- [CobalTech](https://endata.com/companies/26464.md) (target)

## Sources

- [einpresswire.com](https://www.einpresswire.com/article/399334212/cobaltech-and-first-cobalt-sign-definitive-agreement), 2017-08-21: "This transaction creates immediate value for CobalTech shareholders and allows them to participate in further upside within a larger, more liquid company."
- [juniorminingnetwork.com](https://www.juniorminingnetwork.com/junior-miner-news/press-releases/first-cobalt/35432-first-cobalt-corp-and-cobaltech-mining-sign-definitive-merger-agreement.html), 2017-08-21: "This transaction creates immediate value for CobalTech shareholders and allows them to participate in further upside within a larger, more liquid company."
- [northernontariobusiness.com](https://www.northernontariobusiness.com/industry-news/mining/cobalt-players-ready-to-combine-700858), 2017-08-22: "The Cobalt Camp has been underexplored for its cobalt potential and has never seen the meaningful land consolidation achieved through this merger and the proposed merger between First Cobalt and Cobalt One."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.