Cobalt Blockchain Inc. and DLT Labs Inc. announced that they have signed a Letter of Intent to establish a joint venture to provide secure, traceable and transparent methods for tracking and certifying the provenance of metals and minerals, through the entire supply chain from source to end-user. Leveraging the expertise of COBC, and DLT's supply chain and logistics product DL Asset Track, the joint venture will develop and deploy a new enterprise-grade platform based on international blockchain standards. The new platform will be specifically designed for companies trading in base and precious minerals, including cobalt, gold, and diamonds. The initiative addresses the growing need for complete transparency in the movement of minerals and metals, especially where conflict-free certification is important. The new platform will be selectively piloted prior to being offered on a commercial basis, beginning with COBC's recently-announced cobalt assets in the Democratic Republic of the Congo.