Cobalt Blue’s Stock Skyrockets Amid Cobalt Comeback – Broken Hill Deal, Refinery Plans Fuel Hype
Cobalt Blue’s stock made headlines in early October 2025 after a breathtaking spike. On October 6 alone, shares rocketed nearly 50% higher to A$0.13intelligentinvestor.com.au, extending a weeklong rally that saw the price more than double. By October 7, the stock hit an intraday high of $0.155 before settling at $0.115intelligentinvestor.com.au – still up ~18% for the day and over 100% for the week. This sudden surge came on the heels of major news: the company announced it had fully paid off a promissory note owed to American Rare Earths, thus finalizing its acquisition of the Broken Hill Cobalt Projectcobaltblueholdings.com. The $1.0 million payment on October 2 represents the last piece of a deal originally struck in 2020 to consolidate ownership of the flagship projectcobaltblueholdings.com. With the debt cleared, “the BHCP tenement package is now completely unencumbered”cobaltblueholdings.com, Cobalt Blue stated – meaning the company has 100% of this critical asset with no further payments due.