Date: Aug 10, 2018
Primary Cobalt (CSE:PRIM) (“Primary” or the “Company”) is pleased to announce it has completed the previous announced prospecting study (July 25th, 2018) which identifed key vanadium – uranium claims in the highly prospective Uravan belt in Utah. The company is currently negotiating an arms length purchase agreement with the project stakeholder. The company has recently set up a subsidiary Primary Nirvana Inc. to hold its US assets.
The Uravan Mineral Belt has been explored since the late 1880s, when early prospectors discovered radium, vanadium and uranium in the carnotite ores of the Paradox Valley. Since then, these three elements have alternated as the predominant economic resource based upon the market conditions.
Prior to 1930, most of the vanadium produced in the United States came from the roscoelite deposits near Rifle and Placerville in Colorado.
