First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) Developing Potential North American Supply of Critical Tech Metal

December 27, 2018 12:15:23
  • Despite recent market downturns in the cobalt sector, market analysts see more than 10 percent CAGR during coming decade
  • Cobalt helps supply critical power to computer industry
  • First Cobalt anticipates updated resource estimate completion in early 2019 for flagship United States cobalt exploration
  • First Cobalt is also investigating options for restarting its refinery — the only permitted refinery capable of producing battery-grade cobalt in North America

A sustainable cobalt resource in North America could provide the world’s leading tech manufacturers with a conflict metal that’s free of the human rights concerns and profiteering politics evident in the Democratic Republic of the Congo, where 58 percent of global cobalt production originated last year ( and as much as two-thirds of the world’s output has been recorded. Aggressive work by pure-play cobalt explorer First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) (ASX: FCC) is making a commercial North American source look more and more like a possibility.

Cobalt is a rare yet necessary resource for modern computerized equipment, making up about 60 percent of the lithium cobaltate in the positive electrodes of…

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