- As a critical element for lithium-ion batteries used in electric vehicles, global demand for cobalt is surging
- U.S. Cobalt acquisition will extend First Cobalt’s exploration reach into Idaho and Utah
- The Iron Creek project in Idaho presents a faster pathway to cobalt production
- First Cobalt owns the only cobalt refinery in North America permitted to produce battery-grade cobalt, now combined with new source opportunities to offer unique position in the industry
First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) is set to accelerate its drive for the exploration and subsequent production of cobalt, a critical element used in the manufacture of lithium-ion batteries for electric vehicles. The demand for electric vehicles is predicted to surge following announcements in 2017 by China, France and the UK that they will aggressively phase out the manufacture of cars powered by fossil fuels to reduce harmful emissions.
On March 14, 2018, First Cobalt announced an arrangement transaction for the acquisition of all issued and outstanding shares of U.S. Cobalt. A meeting of U.S. Cobalt security holders will be held on May 17, 2018, to vote on the transaction…
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