First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) Optimistic about Iron Creek Expansion as EV Market Continues Exponential Growth

August 16, 2018 12:31:41
  • Company accelerates drilling activities at Idaho site with the installation of two new drill rigs
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  • U.S. needs to add 14 million plug-in electric vehicles and more than 300,000 public charging outlets by end of 2025 to meet Paris Agreement goals

The United States needs to ramp up production of electric vehicles considerably in order to meet Paris Agreement target goals by 2025. This market growth is expected to translate into an overall higher demand for cobalt, one of the key components of the lithium-ion batteries that power electric vehicles, making clean, conflict-free cobalt exploration projects such as the ones owned and operated by First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) (ASX: FCC) in North America of crucial importance.

First Cobalt Corp., with headquarters in Canada, is a vertically integrated North American pure-play cobalt company. First Cobalt has three significant North American assets: the Iron Creek Project in Idaho, which has a…

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