First Cobalt (TSX.V: FCC) (OTCQX: FTSSF) (ASX: FCC) is working toward creating a North American cobalt supply chain to meet mounting demand for the metal as human rights concerns and profiteering politics are continuously problematic for cobalt produced in the Democratic Republic of the Congo (DRC). An article discussing the company reads, “Cobalt is a rare yet necessary resource for modern computerized equipment, making up about 60 percent of the lithium cobaltate in the positive electrodes of the lithium-ion batteries that power everything from smartphones to electric vehicles and positioning it as a definitive element for the modern era. . . . After record price increases in 2017 and early 2018, cobalt’s market price has fallen as the DRC has output large quantities of the important metal (http://nnw.fm/hwe6L). However, the DRC’s internal problems are causing companies heartburn outside of the country, and market analysts predict that the metal’s revenues will continue to grow at a CAGR of 10.3 percent through 2026 (http://nnw.fm/H1nxA).”
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About First Cobalt Corp.
First Cobalt is a vertically integrated North American pure-play cobalt company. First Cobalt has three significant North American assets: the Iron Creek Cobalt Project in Idaho, the Canadian Cobalt Camp and the only permitted cobalt refinery in North America capable of producing battery materials. For more information, visit http://nnw.fm/FTSSF
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