- Inferred mineral resource estimate at flagship Iron Creek Cobalt Project includes 26.9 million tonnes grading 0.11 percent cobalt equivalent
- Company working to extend the strike length and down dip depth by at least double current measures
- Electric vehicle (EV) revolution reveals dramatic increase in demand for cobalt, a key ingredient in rechargeable batteries
- High voltage battery market projected to grow to $89.1 billion by 2025 from $8.9 billion in 2018 at CAGR of 38.95 percent
First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) (ASX: FCC), a North American pure-play cobalt company whose flagship asset is the Iron Creek Cobalt Project located in Idaho, has filed its first NI 43-101 mineral resource estimate for the project and is already anticipating an updated resource estimate in early 2019. In a recently released corporate video, members of the company’s senior leadership team offered a compelling discussion defining the characteristics that make Iron Creek a unique cobalt asset (http://nnw.fm/67M0o).
Cobalt has become a critically important metal because of its use as a component in rechargeable lithium-ion batteries, which are used in cars, buses, smartphones and a host of other devices. Cobalt enables rechargeable batteries to stock energy without overheating. First Cobalt’s progress at Iron Creek is tangible as crews continue exploratory drilling. Significant infrastructure is in place at…
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