- First Cobalt drilling program in Idaho shows promise for important high-tech metal
- During the next decade, demand for li-ion battery cobalt alone expected to double current levels for metal’s entire market
- $9 million program at First Cobalt’s Idaho site preparing NI 43-101-compatible report on historic site with still-unexplored potential
First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) (ASX: FCC) is reaping rewarding reports from its exploration to extend a historic resource in Idaho’s prolific Cobalt Belt. The project is an example of industry efforts to establish North American sources of the metal so vital to high-tech batteries and other modern tech applications, and First Cobalt’s portfolio indicates its potential in leading the effort. Having stable North America-based operations and sources could help avoid unpredictable future problems, such as Panasonic’s recent sudden cut off of a cobalt supplier due its relationship with Cuba.
First Cobalt has three significant North American assets: the Iron Creek Project in Idaho, with its historic mineral resource estimate (not currently compliant with NI 43-101 standards); the Canadian Cobalt Camp north of the Great Lakes, with more than…
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