Cobalt exploration and development company First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) this morning announced its commencement of a metallurgical study to be conducted on high grade inventory of refinery residue and crushed waste rock material located near the First Cobalt mill facility in the Canadian Cobalt Camp. Per the update, the aim of this study is to advance First Cobalt’s early cash flow strategy by assessing an optimal flow sheet for recovering cobalt and silver, as well as arsenic removal and stabilization. “The results of this program will improve our understanding of processing options for materials from the Cobalt Camp,” Trent Mell, president and CEO of First Cobalt, stated in the news release. “While we continue to advance our exploration strategy, another key strategic objective is to seize upon the opportunity to generate early cash flow from material left on surface from historic mining operations. This study is an important step toward our goal of producing cobalt battery materials in North America.”
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About First Cobalt Corp.
First Cobalt is the largest land owner in the Cobalt Camp in Ontario, Canada. The Company controls over 10,000 hectares of prospective land and 50 historic mines as well as a mill and the only permitted cobalt refinery in North America capable of producing battery materials. First Cobalt began drilling in the Cobalt Camp in 2017 and seeks to build shareholder value through new discovery and growth opportunities. For more information, visit www.FirstCobalt.com
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