Junior explorer First Cobalt (TSX.V: FCC) (OTCQB: FTSSF) is able to evade the negative publicity regarding mining African cobalt since the company’s cobalt properties are located in North America. An article discussing the company reads: “First Cobalt’s assets also include a mill and the only permitted cobalt extraction refinery in North America capable of producing battery materials. The refinery will require some modification before it can begin operating; however, this is a much less costly and speedier option than attempting to construct a new facility and get it permitted. It has the added advantage of all the environmental permits already being in place. This integrated approach of mining and refining is likely to place First Cobalt in a dominant position as U.S. and European manufacturers cast about for sources of the mineral.”
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About First Cobalt Corp.
First Cobalt aims to create the largest pure-play cobalt exploration and development company in the world. The company controls over 10,000 hectares of prospective land covering over 50 historic mines as well as mineral processing facilities in the Cobalt Camp in Ontario, Canada. The First Cobalt Refinery is the only permitted facility in North America capable of producing battery materials. First Cobalt seeks to build shareholder value through new discovery, mineral processing and growth opportunities, with a focus on North America. On March 14, 2018, the company proposed a friendly, all-share acquisition of US Cobalt Inc. for its Iron Creek Project in Idaho, U.S. The transaction remains subject to shareholder and regulatory approvals and other closing conditions. This transaction is intended to further enhance First Cobalt’s position as a leading pure-play North American cobalt company. For more information, visit the company’s website at www.FirstCobalt.com.
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