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Gold/Mining/Energy : $0.50 & UNDER (Short term trades) -- Ignore unavailable to you. Want to Upgrade?

To: Ed Pakstas who wrote (550)	1/24/1998 3:31:00 AM
From: trypod	Read Replies (1) \| Respond to of 783

Ed: News Out: TORONTO, Jan. 23 /CNW/ - Cobatec Inc. (TSE:CBT), a producer of cobalt and nickel-metal based chemical compounds, has announced that its first production shipment of Cuban nickel/cobalt precipitate has arrived at its solvent extraction plant in North Cobalt, Ontario, and that processing of this material has begun. Cobatec said that it is now poised to take advantage of the buoyant market and historically high prices for cobalt, which primarily serves high tech industries and is used in rechargeable batteries, jet engines, radial tires, and numerous other industrial and consumer applications. Cobatec's supply agreement with Cuba calls for annual delivery of 1000 tons of cobalt and 2000 tons of nickel contained in sulphide precipitates. The supply agreement is the first phase of planned co-operation between Cuba and Cobatec to increase Cuban cobalt production. -30- For further information: Edward W. Wenger, President -or- Douglas G. Baird, Corporate/Investors Relations, Cobatec Inc. Tel: (416) 947-9002, Fax: (416) 947-0509 Later:Rick