- First Cobalt anticipates completion of maiden resource estimate imminently at Idaho site
- Company completed 100 percent acquisition of Idaho site earlier this month, is underway on updated mineral resource report including additional drilling that’s already commenced
- Cobalt market demand expected to double on electric vehicle production needs alone, with larger industry driving additional demand
As geopolitical forces put new pressure on the emerging electric vehicle market, vertically oriented pure-play cobalt company First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) (ASX: FCC) is feeling excitement about the pending issuance of a maiden resource estimate on the Idaho cobalt project that it only recently acquired full ownership of, which company president and CEO Trent Mell has described (http://nnw.fm/j3pS7) as “one of the most prospective and advanced projects in North America.”
Cobalt and lithium are critical components in relatively short supply for the low-heat, high-efficiency batteries that power a list of computer tech products, most significantly the electric vehicles whose star is rising worldwide amid heightened concerns about pollution and its…
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