First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) Initiates Study of the First Cobalt Refinery in Canadian Cobalt Camp

May 1, 2018 13:04:46
  • First Cobalt is concentrating on building a North American portfolio of assets that are highly leveraged to the fast-growing EV market for cobalt, used in lithium-ion batteries
  • First Cobalt’s acquisition of US Cobalt provides a potential feedstock for cobalt ore for processing at the First Cobalt Refinery, the only permitted cobalt extraction refinery in North America that can produce battery grade material
  • The First Cobalt Refinery is a strategic asset fully permitted to process North American feedstock

An exploration stage corporation, First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) is working to build the largest global pure-play cobalt exploration and development company, with its North American portfolio of assets that are highly leveraged to the rapidly growing cobalt market being pushed by rising interest in electric vehicles. Established in early 2017, First Cobalt’s primary emphasis is on its Greater Cobalt Project located about 500 km north of Toronto, Ontario.

Cobalt is used in components for lithium-ion batteries, and the growing demand for electric vehicle power is fueling the market for the mineral, according to Transparency Market Research via…

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