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Ecobalt Investors Call For Sale, New Management On Delays

(Reuters) Two large shareholders in Canada’s Ecobalt Solutions Inc are calling for a change in senior management or the launch of a sales process, saying ongoing mine development delays are wasting a windfall from high battery sector demand. Australian hedge fund Tribeca Investment Partners, which said it owns about 6 percent of Ecobalt’s stock, said share declines stem from delays at the Idaho Cobalt project, the result of “strategic missteps.”

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