Cobalt 27 Capital completed the acquisition of Highlands Pacific for $70m.

Cobalt 27 Capital, an electric metals investment vehicle, completed the acquisition of Highlands Pacific, a mining and exploration company listed on the Australian Stock Exchange, for $70m. "We are very pleased to announce the closing of the Highlands acquisition and joint venture interest in the producing Ramu nickel-cobalt mine. We look forward to working with owner and operator Metallurgical Corporation of China, to advance the mine to its full potential for decades to come. With the completion of this acquisition, we have significantly strengthened Cobalt 27's asset base and are well positioned to deliver long-term shareholder value," Anthony Milewski, Cobalt 27 Chairman and Chief Executive Officer.