- United States concerns about other countries “stealing” its technologies are at heart of political rift with China
- China processes 80 percent of the world’s cobalt; First Cobalt owns only permitted cobalt refinery in North America
- First Cobalt drilling program in Idaho is exploring promising mineral strike for important tech-friendly metal
The United States’ efforts to prevent foreign investors from “stealing” U.S. technology and intellectual properties could bolster the prospects of domestic mineral exploration companies such as First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) (ASX: FCC). First Cobalt has been focusing its recent exploration efforts on a mineralized strike in Idaho’s prolific Cobalt Belt that could have national security implications as well as an impact on the production of in-demand modern tech items ranging from smartphones to electric vehicles.
Discovering and developing North American cobalt supply sources has already been a priority among some mining companies, as concerns over changing tax laws and the human rights violations reported in the Democratic Republic of the Congo — the world’s largest producer of the metal on an incomparable scale (http://nnw.fm/Jm0aJ) — have spawned efforts to create a conflict-free supply chain. The United States government’s concerns about losing…
More from NetworkNewsWire
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
[email protected]