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.

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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