- Demand for cobalt predicted to surge as electric vehicle market revs up
- Cobalt is an essential element in the rechargeable lithium-ion batteries used in EV market and mobile devices
- Global battery market projected to reach $17.26 billion by 2021
- Building the world’s largest pure-play cobalt exploration company with interests in historic Canadian Cobalt Camp
Fueling renewable batteries requires cobalt, a coveted, rare metal that is projected to fall into short supply by 2025 (http://nnw.fm/kM3i7). Canadian-headquartered First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) is the largest landowner in Ontario’s Cobalt Camp, with control of over 10,000 hectares (nearly 25,000 acres) of prospective land and 50 historic cobalt/silver mines. The company’s assets include a mill and the only permitted cobalt extraction refinery in North America capable of producing battery material, providing an integrated solution for cobalt projects (http://nnw.fm/Ord8V).
World governments are quickly moving to ban gas and diesel engines in an effort to slash carbon emissions, turning instead to electric powered vehicles. The global battery market that powers this surging sector is expected to reach…
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