US-based nickel-cobalt miner Missouri Cobalt has hired Goldman Sachs to assess options, including a public listing through a blank-check company in a deal that could value the miner at up to $5 billion, Reuters reports.
A deal would underline growing interest by Wall Street in strategic minerals as President Joe Biden seeks to cut U.S. reliance on industry leader China for electric vehicle materials.
US rare earths miner MP Materials last year went public in a $1.47 billion SPAC merger while Canada’s DeepGreen Metals in March said it would list through a merger with Sustainable Opportunities Acquisition. Read more.
