MP - Nickel-cobalt miner Missouri Cobalt is said to consider going public through SPAC at $5B valuation

fabio lamanna/iStock via Getty Images Missouri Cobalt, a U.S.-based nickel-cobalt miner, is said to have hired Goldman Sachs to consider its options including going public through a SPAC that could value that company as much as $5B. Proceeds from a deal could be used to scale up the company operations, include battery recycling and processing of third-party material, according to a Reuters report, which cited sources familiar. Almost a year ago, rare earth company MP Materials announced an agreement to go public through a $1.5b SPAC deal.  Also see SA contributor Matt Bohlsen's piece entitled "Cobalt Miners News For The Month Of May 2021." Also see "In blow to U.S. miners, Biden to look abroad for EV metals - Reuters."

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Nickel-cobalt miner Missouri Cobalt is said to consider going public through SPAC at $5B valuation