Natural Resource Investing company, MetalNRG (NEX:MNRG) has announced an agreement to acquire cobalt licences in Western Australia, referred to as the "Palomino Cobalt Project". Highlights are as follows:

* MetalNRG takes first investing step with the creation of the Palomino Cobalt Project in Western Australia;

* The Project consists of licence applications submitted and pending to be submitted applications in respect of ground prospective for cobalt based on historic exploration;

* Total acquisition cost of approximately GBP55,000 with 83% of acquisition cost payable in MetalNRG new ordinary shares priced at 1.5p per share;

* MetalNRG forms Cobalt Division to act as a repository for this transaction and anticipated additional cobalt interests.

http://www.nexexchange.com/announcements?newsid=3705359

Following this news we speak to CEO Paul Johnson to get his take. We hope you enjoy listening.

This interview was published on Friday 30th June 2017

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