Cobalt Blockchain Inc. announced that further to the letter of Intent with the United Bank for Africa plc, UBA has extended the offer for the USD 10 million credit facility to December 8, 2018. The initial tranche will include USD 2.0 million towards commissioning the cobalt hydroxide plant and USD 1.5 million for purchasing ethically-sourced cobalt concentrates. The credit facility will be secured with USD 350,000 in cash representing 10% of the loan amount.