Baja Shares Drop on Funding Woes

Reuters reported that Baja Mining’s (TSX:BAJ) share price fell as the company struggled to secure funding for its Mexico-based Boleo project.

As quoted in the market news:

Baja shares, which have lost 70 percent of their value in the past year, were trading at 26 Canadian cents, their lowest ever, on Wednesday on the Toronto Stock Exchange.

Click here to read the full Reuters report.

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Formation Metals Inc. (TSX:FCO,OTCQX:FMETF) primary asset, located in the mining friendly state of Idaho, is the 100% owned, Idaho Cobalt Project. The ICP is a unique, high grade, primary cobalt deposit which is comprised of the mine and mill site and the proposed refining facility, the Cobalt Production Facility, a stand-alone hydrometallurgical facility that will process the ICP Mine concentrates into cobalt sulfate, copper sulfate, copper concentrate, magnesium sulfate and gold. Connect with FCO to get their latest news instantly.

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