First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) Acquires 100 Percent Ownership of Promising Idaho Project amid Domestic Cobalt Sourcing Concerns

September 6, 2018 10:34:10
  • First Cobalt clears obligations through full acquisition to streamline plans for Idaho cobalt resource
  • Company fully funded for all current exploratory projects stretching into next year as it awaits current resource estimate
  • Cobalt demand has soared with worldwide increase in usage of electric vehicles that have cobalt-needy batteries
  • Market tightening expected to continue for cobalt, leading to forecasts of 12,000-metric ton supply gap by 2021

Vertically integrated pure-play cobalt company First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) (ASX: FCC) is putting the spurs to its strategy of exploring, developing and refining material in North America for sale back into the American battery market amid booming expectations for electric vehicle and numerous other tech device energy needs. The company announced on September 4 that it has acquired 100 percent ownership of its Iron Creek property in the western United States, where historical mineral resource estimates (non-compliant with NI 43-101 standards) of 1.3 million tons grading 0.59 percent cobalt are being expanded upon.

First Cobalt obtained the Iron Creek property last year through the acquisition of US Cobalt, Inc. and, after initial exploratory efforts, accelerated the project to take advantage of the…

Read More>>

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]