Goldsky Resources and Ocean Partners to Study Cobalt Recovery from Finland Project

Goldsky Resources Corp and Ocean Partners have signed a Memorandum of Understanding (MOU) to explore the potential for recovering cobalt from Goldsky's Rajapalo gold-cobalt Project located in Finland. The agreement establishes a framework for cooperation to assess the technical feasibility and economic viability of cobalt extraction.

The collaboration will also evaluate potential commercial arrangements concerning the production, marketing, and offtake of cobalt concentrate. This initiative aims to determine if the Rajapalo project can be a significant source of cobalt in addition to gold.

The parties intend to define the cooperation terms required to proceed with the evaluation. The focus is on assessing the project's economic potential and its prospective role in the global cobalt market. This partnership represents a step towards exploring diversified resource recovery.

Further development of the project will depend on the outcomes of these technical and economic assessments. Both companies are working to establish a foundation for a sustainable and profitable cobalt operation.