First Cobalt Corp. is pleased to announce that it has received a further $1.92 million in cash proceeds from warrants subsequent to an acceleration notice provided to holders on February 23, 2021. Under the terms of the warrants issued as part of the Company's March 2019 and February 2020 private placements, the Company provided holders with notice of its election to accelerate the expiry date of the warrants to March 15 [...]
First Cobalt Corp. is pleased to announce that it has completed its transaction with Kuya Silver Corporation to sell a portion of its exploration assets in the Canadian Cobalt Camp and form a joint venture to advance the remaining mineral assets. Kuya has acquired a 100% interest in the properties located in the historic Kerr silver district along with an option to earn a 70% interest in the remainder of First Cobalt's [...]
First Cobalt Corp. is pleased to announce that a geophysical survey of its Iron Creek cobalt-copper deposit in Idaho, USA has identified several new drill targets. Data provides further support for a resumption of drilling to expand the Iron Creek deposit and test new targets over a 2-kilometer radius within the Property. Highlights: High chargeability zones were detected along strike of the Iron Creek cobalt-copper [...]
First Cobalt Corp. is pleased to announce that is has established an at-the-market equity program that allows the Company to issue up to $10,000,000 of common shares from treasury to the public from time to time, at the Company's discretion. Sales of Common Shares, if any, under the ATM program are anticipated to be made in transactions that are deemed to be "at-the-market distributions" as defined in National Instrument [...]
First Cobalt Corp. today announced that it has begun a study of black mass material from recycled batteries as a supplemental source of feed for its hydrometallurgical refinery located north of Toronto. The Company believes the Refinery could recover cobalt, nickel, copper and potentially lithium and manganese, in addition to planned cobalt production from primary feed. Discussions are underway with several producers of [...]
First Cobalt Corp. today announced the appointment of Regan Watts as Vice-President, Corporate Affairs and Dr. George Puvvada as its Refinery Technical Manager. Regan Watts is a seasoned and entrepreneurial executive with more than 20 years of public and private sector experience in corporate communications, strategy, innovation, and regulatory and corporate affairs. His experience spans various industries including [...]
Receives $4.5 Million from Warrant Exercises First Cobalt Corp. is pleased to announce that it has commenced certain pre-construction activities, including advancing engineering and tendering associated with long lead order procurement. Highlights $16 million in working capital, including $4.5 million in early warrant exercises and $9 million in net proceeds from the financing completed January 22 In addition to the [...]
First Cobalt Corp. is pleased to announce that it has closed its previously announced bought deal offering of units of the Company . The Offering was conducted by a syndicate of underwriters led by Eight Capital, together with CIBC World Markets Inc., Canaccord Genuity Corp., Red Cloud Securities Inc. and Mackie Research Capital Corporation and consisted of the sale of 31,533,000 Units at a price of C$0.31 per Unit for [...]
First Cobalt Corp. is pleased to announce that it has entered into an amended agreement pursuant to which Eight Capital, as lead underwriter and sole bookrunner, together with a syndicate of underwriters, will now purchase 27,420,000 units of the Company , on a “bought deal” basis pursuant to the filing of a prospectus supplement to First Cobalt’s short form base shelf prospectus dated November 26, 2020, which prospectus [...]
First Cobalt Corp. is pleased to announce that it has entered into an agreement pursuant to which Eight Capital, as lead underwriter and sole bookrunner, together with a syndicate of underwriters, will purchase 16,130,000 units of the Company, on a “bought deal” basis pursuant to the filing of a prospectus supplement to First Cobalt’s short form base shelf prospectus dated November 26, 2020, which prospectus supplement [...]
First Cobalt Corp. is pleased to announce long-term cobalt hydroxide feed arrangements with Glencore AG and IXM SA, a fully owned subsidiary of CMOC, which will provide a total of 4,500 tonnes of contained cobalt per year to the First Cobalt Refinery commencing in 2022. Once operational, the First Cobalt Refinery will be North America's only producer of cobalt sulfate for the electric vehicle market. Highlights 4,500 [...]
First Cobalt Corp. is pleased to announce that it has entered into a letter of intent with Kuya Silver Corporation to sell a portion of its silver and cobalt mineral exploration assets in the Canadian Cobalt Camp and form a joint venture to advance the remaining mineral assets. The transaction will allow the two companies to resume mineral exploration activities in a historic silver district while providing First Cobalt [...]
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