Recent News

> Cobalt Blockchain Announces Name Change and Other Corporate Activities

TORONTO, ONTARIO (November 9, 2021) - Cobalt Blockchain Inc. (TSXV: COBC) (OTCQB: COBCF) ("COBC" or the "Company") announces a name change to Enerev5 Metals Inc. ("Enerev5"), a further debt settlement, the appointment of a new qualified person ("QP") and related option grant, and details of its upcoming annual general meeting ("AGM").

At its annual and special meeting held on December 18, 2020, shareholders approved a special resolution authorising an amendment of the articles of the Company to change the name of the Company. Pursuant to this shareholder approval, and in light of the types of projects that COBC is currently pursuing, the Company has changed its name from "Cobalt Blockchain Inc." to "Enerev5 Metals Inc."

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> Cobalt Blockchain Graduates to the OTCQB Venture Market

TORONTO, ONTARIO (May 20, 2021) - Cobalt Blockchain Inc. (TSXV: COBC) (OTC Pink: COBCF) (OTCQB: COBCF) ("COBC" or the "Company") is pleased to announce that effective today, May 20, 2021, it has graduated from the OTC Pink Sheets, and its shares will now trade on the OTCQB Venture Marketplace ("OTCQB") under the symbol "COBCF".

Peter Copetti, Executive Chairman and CEO of COBC, commented: "I am pleased that COBC will be graduating to the OTCQB Venture Marketplace, as this will increase awareness, visibility and potentially expand the Company's U.S. shareholder base, allowing a broader range of U.S. investors to invest in the Company."

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> Cobalt Blockchain Receives Claim for Entitlement to Payments from Former Contractor

TORONTO, ONTARIO (April 28, 2021) - Cobalt Blockchain Inc. (TSXV: COBC) (OTC Pink: COBCF) ("COBC" or the "Company") yesterday received correspondence on behalf of a former independent contractor claiming an entitlement to payment of outstanding "salary" and expenses of US$329,000, 300,000 common shares of the Company and payment in respect of the termination of their services. The contractor was engaged to provide limited DRC-related consulting services to the Company in 2018. The Company believes the claims for entitlement to be completely without merit and intends to vigorously defend them.

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> Cobalt Blockchain Announces Termination of Negotiations for DRC Cobalt Hydroxide Plant

TORONTO, ONTARIO (April 22, 2021) - Cobalt Blockchain Inc. (TSXV: COBC) (OTC Pink: COBCF) ("COBC" or the "Company") announced today that negotiations have terminated with Traxys Europe S.A. ("Traxys") for the establishment of a commercial relationship with respect to the Traxys-owned cobalt hydroxide plant located in Lubumbashi, Democratic Rebublic of the Congo.

The parties had entered into a letter of intent in August of 2018 which contemplated further negotiations for the operation of the plant by COBC, a trade finance facility to be provided by Traxys to COBC, and an offtake agreement in favour of Traxys for cobalt concentrate produced from the plant. Negotiations between the parties have been ongoing since the signing of the letter of intent. The cobalt hydroxide plant was to have comprised a core piece of the Company's conflict-free, ethically sourced mining, processing, and metals trading platform.

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> Cobalt Blockchain Completes Debt Settlement

TORONTO, ONTARIO (March 2, 2021) - Cobalt Blockchain Inc. (TSXV: COBC) (OTC Pink: COBCF) ("COBC" or the "Company") announced today that, further to the Company's press release of February 8, 2021, it has completed the debt settlement with two arm's length creditors issuing 500,000 common shares at a deemed price of $0.085 per share to settle indebtedness of $187,822.All shares issued in the debt settlement transaction are subject to a 4-month hold period.

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> Cobalt Blockchain Appoints Members to Special Advisory Committee and Announces Settlement of Debt

TORONTO, ONTARIO (February 8, 2021) – Cobalt Blockchain Inc. (TSXV: COBC) (OTC Pink: COBCF) ("COBC" or the "Company")

announces that it has appointed Messrs. Julian Knight, Ngoy Kaumba Banza, Simeon Tshisangama, and Benjamin Clair, as members of its Special Advisory Committee. The Special Advisory Committee will provide guidance to the Board of Directors and management on strategic and operational matters of particular relevance to operations in the Democratic Republic of the Congo (“DRC”), as well as in other jurisdictions and industry verticals of interest. 


“The Board is honoured to formally convene our Special Advisory Committee," noted Mr. Peter Copetti, Executive Chairman and Chief Executive Officer.

"In addition to their unique expertise, each of the members has in-country experience in the DRC and elsewhere in Africa,” he added. “We are confident that their insights will assist our operational effectiveness and deliver enhanced value to our shareholders....”
 

Biographies of the members of COBC’s Special Advisory Committee are as follows....

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> Cobalt Blockchain Announces Management Change, Formation of a Special Advisory Committee, and Grant of Stock Options

TORONTO, ONTARIO (February 1, 2021) – Cobalt Blockchain Inc. (TSXV: COBC) (OTC Pink: COBCF) ("COBC" or the "Company")

announces a change in management, the formation of a Special Advisory Committee, and a grant of stock options.
 

The Company announces that Mr. Lance Hooper will be leaving the Company effective April 30, 2021. Mr Hooper has served as President and Chief Operating Officer since December 2017, when he was appointed in connection with the Company's acquisition of Belair African Metals SARL. Mr. Hooper has been instrumental in the pursuit of some of the Company's joint ventures in the Democratic Republic of the Congo (DRC), as well as contributing to the development of its mineral tracking platform, and the Company wishes to thank him for his contributions during his tenure.
 

The Company also announces that it is forming a Special Advisory Committee to provide guidance to the Board of Directors and management on strategic and operational matters of particular relevance to operations in the DRC, as well as in other jurisdictions and industry verticals of interest. Members will contribute unique skillsets in various fields to provide expert support to the board and management and deliver enhanced shareholder value. We expect to announce specific appointments to the Committee in due course.

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> Cobalt Blockchain Announces Results of Annual General Meeting, Updates Private Placement

TORONTO, ONTARIO (December 21, 2020) – Cobalt Blockchain Inc. (TSXV: COBC) (OTC Pink: COBCF) ("COBC" or the "Company") is pleased to announce that shareholders overwhelmingly approved all items presented at its annual and special meeting of shareholders held on December 18, 2020. 


In addition to the approval of all annual business items, shareholders ratified the Company’s recently adopted new general by-law and rolling 10% stock option plan and provided authorizations for a name change, a reduction in the minimum number of directors required by the Company’s Articles and for the board of directors to appoint additional directors between shareholder meetings.


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> Cobalt Blockchain Provides Reminder for Upcoming Annual General Meeting

TORONTO, ONTARIO (December 11, 2020) – Cobalt Blockchain Inc. (TSXV: COBC) (OTC Pink: COBCF) ("COBC" or the "Company") wishes to remind shareholders of the upcoming Annual General Meeting to be held on Friday December 18, 2020 at 10:00am EST. Due to current COVID -19 restrictions in the City of Toronto, attendance in person is currently not permitted and shareholders may listen to the meeting via conference audio link by dialing:  Local - Toronto (+1) 416-764-8658 / Toll Free - North America (+1) 888 886-7786


Shareholders who dial into the meeting through the call-in details above will not be permitted to vote at the meeting and therefore are encouraged to vote their common shares via the form of proxy or voting instruction form, as applicable, previously provided by mail, prior to the applicable cut-off times. In order to address any specific questions which shareholders might have for Management regarding the Company, shareholders are invited to submit questions in advance of the meeting via email to info@cobc.co by no later than the close of business on Thursday, December 17, 2020.
 

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> Cobalt Blockchain Updates Private Placement, Announces Adoption of New Stock Option Plan and By-Law

TORONTO, ONTARIO (November 6, 2020) – Cobalt Blockchain Inc. (TSXV: COBC) (OTC Pink: COBCF) ("COBC" or the "Company")

announces that the TSX Venture Exchange has granted a further extension of up to 30 days for completion of the balance of the Company's private placement of up to $4.5 million of units announced on August 14, 2020. Each unit is priced at $0.05 and consists of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to acquire one additional common share at a price of $0.20 for a period of 24 months from the closing date. To date, the Company has completed two tranches of the private placement on a brokered basis raising gross proceeds of an aggregate of $2,005,000 from the sale of 40,100,000 units.

The Company also announces that its board of directors has adopted a new 10% rolling stock option plan and new general by-law for the Company modernizing and updating the prior versions of each...

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> Cobalt Blockchain Updates Private Placement and AGM

TORONTO, ONTARIO (October 7, 2020) – Cobalt Blockchain Inc. (TSXV: COBC) (OTC Pink: COBCF) ("COBC" or the "Company") announces that the TSX Venture Exchange has granted an extension of up to 30 days for completion of the balance of the Company's private placement of up to $4.5 million of units as announced on August 14, 2020. Each unit is priced at $0.05 and consists of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to acquire one additional common share at a price of $0.20 for a period of 24 months from the closing date. To date, the Company has completed two tranches of the private placement on a brokered basis raising gross proceeds of an aggregate of $2,005,000 from the sale of 40,100,000 units.

The Company also announces that it is revising the date for holding its annual and special meeting of shareholders from Friday, November 27, 2020 to Friday, December 18, 2020...

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> Cobalt Blockchain Completes $1M  Second Tranche of Private Placement, Settles $1.78M of Debt, Appoints New Director and Sets Annual Meeting

TORONTO, ONTARIO (September 21, 2020) – Cobalt Blockchain Inc. (“COBC” or the "Company") (TSX VENTURE:COBC; OTC Pink:COBCF)

announced today that it has completed a second tranche of its previously announced private placement of up to $4.5 million of units (“Units”), raising gross proceeds of $1,005,000 (the “Second Tranche”)...

The Company also announced that further to its news release on August 26, 2020,  additional debt settlements have now been concluded. Together with these latest settlements, total debt of $1,780,052 has been settled by cash payments of $182,381 to related and third party creditors, and, subject to regulatory approval, to the issuance of an aggregate of 150,000 common shares at a deemed price of $0.065 per share to two arm’s length creditors... 

Subject to regulatory approval, John F. O’Donnell, BA, LLB has been appointed as a member of the Board of Directors of the Company, filling the vacancy arising from the resignation of Mr. H.J. Blake, QC. Mr. O’Donnell is a businessman and lawyer based in Toronto, Canada, and is primarily involved in the fields of corporate finance and securities law... 

The Company also announced that it will be holding an annual and special meeting of shareholders (“Meeting”) in Toronto on Friday, November 27, 2020. Due to COVID-19 and related health risks and restrictions on public gatherings, shareholders will be encouraged to not attend the Meeting in person and to vote by proxy in advance. A facility will be established for shareholders to dial in and listen to the Meeting proceedings by phone...

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> Cobalt Blockchain Completes $1M First Tranche of Private Placement and Announces Debt Dettlement

TORONTO, ONTARIO (August 26, 2020) – Cobalt Blockchain Inc. (“COBC” or the "Company") (TSX VENTURE:COBC; OTC Pink:COBCF) announced today that it has completed a first tranche of its previously announced private placement of up to $4.5 million of units (“Units”), raising gross proceeds of $1,000,000 (the “First Tranche”).

 

The First Tranche was completed on a brokered basis with IBK Capital Corp. acting as Agent (the “Agent”). In the first tranche, the Company issued and sold 20,000,000 Units at a price of $0.05 per Unit, with each Unit consisting of one common share of the Company and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one additional common share of the Company at a price of $0.20 until August 25, 2022. The Company is pursuing completion of the balance of the financing, which may be completed on a brokered or not brokered basis and in one or more tranches. Insiders of the Company may participate in some or all of further tranche...

In connection with the Company’s recent restructuring of its board and management team announced on August 17, 2020, it has also entered into debt settlement agreements with certain directors and officers and entities related to them for the settlement of accrued and unpaid fees owing to them in the aggregate amount of $1,480,983.64, by cash payments totalling $144,128. The debt settlements are conditional upon the reimbursement in full of amounts owed for loans, advances or payments made to or on behalf of the Company by such parties totalling $279,024. Completion of the the debt settlements, in conjunction with the completion of the First Tranche of the private placement, will allow the Company to significantly improve its balance sheet and working capital position...

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> Cobalt Blockchain Announces Changes to Board and Management Team; Reaffirms Focus on Ethical Cobalt

TORONTO, ONTARIO (August 17, 2020) – Cobalt Blockchain Inc. (TSXV: COBC) ("COBC" or the "Company") is pleased to announce a restructuring, effective immediately, of its board of directors and management team, reaffirming its focus on bringing ethically-sourced cobalt to market...

COBC welcomes Peter Copetti who will join Peter Hooper and independent directors Michael Cachia, Patricia Mannard, and Samuel Peralta, on the board of directors. Mr. Copetti takes on the roles of Executive Chairman of the Board and Chief Executive Officer (CEO). Mr. Copetti has extensive experience in capital markets and corporate leadership, notably in restructuring, mergers and acquisition. Most recently, Mr. Copetti served as Executive Co-Chairman of the Board and interim CEO of POET Technologies, which transformed from a strategic gallium play, into a gallium arsenide photovoltaic company, and finally Mr. Copetti identified and was a key player in POET's acquisition of DenseLight and BB Photonics...

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> Cobalt Blockchain Announces Increase in Private Placement Financing

TORONTO, ONTARIO (August 14, 2020) – Cobalt Blockchain Inc. (TSXV: COBC) (OTC Pink: COBCF) ("COBC" or the "Company") is pleased to announce that further to its press release dated April 17, 2020, it has increased the size of its private placement financing ("The Offering") to a maximum of 90,000,000 Units at a price of $0.05 per Unit for a gross proceeds of up to $4,500,000. The initial $1,000,000 tranche is expected to be completed within the next several business days subject to final acceptance of the TSX Venture Exchange.

Each Unit issued pursuant to the Offering consists of one common share in the capital of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to purchase one additional Common Share at a price of $0.20 for a period of two years from the date of its issuance. The Offering may be brokered in whole or in part.

The Company intends to use the net proceeds of the Offering to fund for working capital and general corporate purposes....

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> Cobalt Blockchain Announcement Regarding Private Placements

TORONTO, ONTARIO (February 10, 2020) – Cobalt Blockchain Inc. ("COBC" or the "Company") (TSX-V: COBC; OTCQB: COBCF) announces that it is working towards completing the previously announced private placement offering (the "Offering") through the issuance of units ("Units") at a price of $0.05 per Unit raising gross proceeds of $1,000,000, subject only to final approval of the TSX Venture Exchange. The placement is unbrokered.

Each Unit to be issued pursuant to the Offering will consist of one common share in the capital of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to purchase one additional Common Share at a price of $0.20 for a period of two years from the date of its issuance.

The Company intends to use the net proceeds of the Offering to fund i) commissioning of the hydroxide plant in Democratic Republic of Congo and ii) for working capital and general corporate purposes....

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> Prior releases available on SEDAR

Note on continuity of news and listing history:

  1. On November 9, 2021,  the TSX Venture Exchange confirmed that, pursuant to a resolution passed by shareholders on December18, 2020, the Company has changed its name and listing from Cobalt Blockchain Inc. (TSXV:COBC) to Enerev5 Metals. (TSXV:COBC). Trading symbol change to be announced in due course.

  2. On March 22, 2018, the TSX Venture Exchange confirmed that, pursuant to a resolution passed by shareholders on March 13, 2018, the Company changed its name and listing from Peat Resources Limited (TSXV:PET) to Cobalt Blockchain Inc. (TSXV:COBC).