Pure-play cobalt company First Cobalt (TSX.V: FCC) (OTCQX: FTSSF) (ASX: FCC) is accelerating development of its Iron Creek Cobalt Project in Idaho, with plans to complete an updated resource estimate early next year. An article discussing the company reads, “Drilling at the Idaho site has identified an expanding number of areas with commercial potential, and the company is working to complete an updated resource estimate by early 2019. The company announced its latest drilling results shortly before Thanksgiving (http://nnw.fm/K9oVa), with CEO Trent Mell’s evaluation that the results “confirm the continuity and consistency of mineralization predicted by our geological model and add further support for the development vision for the future of the project as we build towards the updated resource estimate in early 2019.” … In an effort to potentially restart the refinery within 18 months and use it to help fund ongoing exploration at the Idaho site, First Cobalt’s executives are in talks with third party investors who could help “minimize or eliminate any equity dilution” as the refinery gets up and running, according to the news release.”
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About First Cobalt Corp.
First Cobalt is a vertically integrated North American pure-play cobalt company. First Cobalt has three significant North American assets: the Iron Creek Project in Idaho, the Canadian Cobalt Camp and the only permitted cobalt refinery in North America capable of producing battery materials. For more information, visit http://nnw.fm/FTSSF
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