Investor partners want Cobalt Sulphate. They don't want raw...

Investor partners want Cobalt Sulphate. They don't want raw Cobalt dug straight from the ground.
Cobalt sulphate requires Autoclaves and an entire refining process to convert the raw Cobalt into Cobalt sulphate.
Batteries use cobalt sulphate as the cathode.

COB differentiator:
They want to become a miner of Cobalt AND a Processor of Cobalt Sulphate hence the $500M+ Capital required
In these times, it is not easy to go get a bank loan for the amount of cash. So the Partners come into the picture - You want CO for your battery - cough up the money to guarantee your off take agreement.
TESLA has come out and said they are able to commit $1Billion to companies like COB if they can prove the Cobalt Sulphate quality, quality, and consistency of supply.

Other companies have Cobalt as a byproduct of Copper or other types of mining efforts, and then
the Glencore's of the world pass it as Raw Cobalt onto the LME market for someone else to process into Cobalt Sulphate

There are several Videos that tJoe has made that. discuss the strategy and differentiator, you can look them up.

Cheers,
Eureka x