First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) Notes Initial Resource Estimates at Iron Creek Project ‘Exceed Expectations’

October 4, 2018 09:37:47
  • Results showed inferred mineral resources of 29.6 million tons grading 0.11 percent cobalt equivalent (0.08 percent cobalt and 0.30 percent copper) under a base case scenario pit constrained and deeper mineral resource
  • Initial resource estimate reports 45 million pounds of cobalt and 175 million pounds of copper for 62.9 million pounds of cobalt equivalent on Iron Creek site
  • Independent geologic and engineering consultant firm Mine Development Associates prepared resource estimate, concluding that Iron Creek cobalt and copper project is “of merit, requiring further exploration”
  • Global demand for cobalt, a key material used in batteries for electric vehicles, smartphones and other battery-operated devices, increased 13.5 percent per year between 2010 and 2017 and is expected to grow at 14.5 percent per year to 2027

In what appears to be an insatiable global demand for electric and hybrid vehicles utilizing rechargeable batteries – spurred on by governmental policies encouraging or requiring the adoption of cleaner, green vehicles – concerns about cobalt supply shortages in the not-too-distant future are being raised by several industry analysts. In its Cobalt Global Industry, Markets & Outlook 2018 report, metals/minerals research firm Roskill Interactive notes that demand for the metal has surged, leading prices to rise to their highest levels in 10 years at over $90,000/t in the first half of 2018 on the London Metals Exchange (

As a key ingredient in lithium-ion batteries, now widely used in EVs and electronic devices, the need for cobalt increased at a rate of 13.5 percent per year between 2010-2017 and is expected to…

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.

To receive instant SMS alerts, text STOCKS to 77948

For more information, please visit

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published:

NetworkNewsWire (NNW)
New York, New York
212.418.1217 Office