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    cobalt investing

    Formation Shares Jump on $80M Loan

    Investing News Network
    Jul. 29, 2011 02:50PM PST
    Battery Metals Investing

    Mineweb reported that Formation Metals’ (TSE:FCO) recent announcement of financing has had a positive impact on share price.

    Mineweb reported that Formation Metals’ (TSX:FCO) recent announcement of financing has had a positive impact on share price.

    The market news is quoted as saying:

    The loans, coupled with C$67 million in cash left over from a C$80 million financing, would fully fund the projected $142 million capital costs of Formation’s Idaho cobalt project (ICP).

    To read the full market news, click here.

    cobalt investingtsx:fcoformation metals
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