Cobalt 27 announces that it has entered into an amended and restated revolving term credit facility whereby the Company will have access to a $100 million credit facility and a $50 million accordion facility which replaces its undrawn credit facility announced on October 24, 2018. National Bank of Canada, Bank of Montreal and The Bank of Nova Scotia acted as Joint-Lead Arrangers with National Bank of Canada acting as Sole Bookrunner and Administrative Agent. The Amended Credit Facility is secured by the Company's assets, including its physical cobalt inventory, its streaming and royalty investments, and the ordinary shares of Highlands to be acquired under the Scheme. The Amended Credit Facility has an initial term of three years, which is extendable by mutual consent of the lenders and Cobalt 27. An initial drawdown under the Amended Credit Facility will be subject to the satisfaction or waiver of certain conditions precedent customary for a financing of this type. Following the closing of the Highlands acquisition and the anticipated PanAust buyback agreement, the Company expects to have drawn approximately $40 million under the facility, paying interest quarterly currently at a rate of LIBOR plus 375 basis points.