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. Investors greeted this development enthusiastically. Owning Broken Hill outright gives Cobalt Blue full control over one of the world’s largest known cobalt resources outside the Congo. The BHCP boasts a JORC-compliant mineral resource of 126.5 million tonnes at ~690 ppm cobalt, containing an estimated 87,000 tonnes
