- First Cobalt owns the only permitted cobalt refinery in North America and is looking at the necessary requirements to restart production there
- Three studies evaluated potential costs, supply chain options and permit issues
- The studies found that the refinery could be restarted within 18 months at a throughput of 24 metric tons of material per day
- First Cobalt is working to establish suitable feedstock sources and downstream financing, possibly through offtake agreements
Pure-play cobalt company First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) (ASX: FCC) is beginning to play its cards as it contemplates the possibilities of initiating North American production of the in-demand metal from facilities in eastern Canada.
On October 10, First Cobalt announced the results of three studies…
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