Cobalt exploration and development company First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) this morning announced that US Cobalt Inc. (TSX.V: USCO) (OTCQB: USCFF) shareholders have overwhelmingly approved the previously announced acquisition by First Cobalt. Per the update, US Cobalt shareholders, warrant holders and option holders voted 99.87 percent in favor of the transaction, with 35.92 percent of eligible votes cast. “On behalf of the Board and management, I look forward to welcoming our new US Cobalt shareholders,” Paul Matysek, chairman of First Cobalt, stated in the news release. “Our vision is to create the largest North American pure-play exploration and development company in the world. With this acquisition, we have an opportunity to fast track the Iron Creek Cobalt project into one of the first producing cobalt mines this century.” Subject to regulatory and government approvals, the US Cobalt acquisition is expected to be completed on or about May 31, 2018.
To view the full press release, visit http://nnw.fm/wdO71
About First Cobalt Corp.
First Cobalt aims to create the largest pure-play cobalt exploration and development company in the world. First Cobalt 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 cobalt battery materials. First Cobalt seeks to build shareholder value through new discovery, mineral processing and growth opportunities, with a focus on North America. For more information, visit the company’s website at www.FirstCobalt.com
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