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Canada's M2 cobalt miner encouraged by initial drilling in Uganda

Miners at work. [Photo: Courtesy]

KAMPALA, Uganda - Canada’s M2 Cobalt Corporation said on Tuesday that its initial drilling indicates that there may be more cobalt in Uganda than previously thought.

Any discoveries would add much-needed diversity in the supply of cobalt, a mineral at the heart of the global electric vehicle revolution as a key component in batteries.

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