First Cobalt Corp. is pleased to announce that it has signed contribution agreements and will be the recipient of $10 million in public funding from the Government of Canada and the Government of Ontario. This critical funding will allow the Company to accelerate the commissioning and expansion of its Refinery in Northern Ontario, attract new investment, and execute against its strategic business plan. Key terms under the [...]
First Cobalt Corp. is pleased to announce that President & CEO Trent Mell will be presenting at the Cathodes 2020 Conference hosted by Benchmark Mineral Intelligence on Tuesday, December 8, 2020 at 11:00am EST/4:00pm GMT. Mr. Mell will participate in a panel entitled "NCM Evolving: Building a global supply chain for nickel, cobalt, & manganese." Other panelists include: Andrew Leyland, Benchmark Mineral David Brocas [...]
Strong Silver Market Spurs Renewed Interest First Cobalt Corp. today announced the commencement of a geophysical survey to follow up on high grade silver and cobalt intercepts in a historic mining area of the Canadian Cobalt Camp and test new tools that could be applied to prospective greenfield areas elsewhere in this mining district. Highlights Objective is to generate 3D imaging of cobalt and silver veins for future [...]
First Cobalt Corp. announces that it has filed a final short form base shelf prospectus with the securities regulators in all provinces and territories of Canada. The Final Shelf Prospectus allows the Company to make offerings of common shares, subscription receipts, warrants, units or any combination thereof for up to an aggregate total of C$20 million during the 25-month period that the Final Shelf Prospectus remains [...]
First Cobalt Corp. announces that it has filed a preliminary short form base shelf prospectus with the securities regulators in all provinces and territories of Canada. When made final, this filing will allow the Company to make offerings of common shares, subscription receipts, warrants, units or any combination thereof for up to an aggregate total of C$20 million during the 25-month period that the base shelf prospectus [...]
First Cobalt Corp. today provided an update on commercial contracts and metallurgical test work relating to its cobalt refinery located in Ontario, Canada. Highlights First Cobalt and Glencore have agreed to discuss a long-term feed purchase contract rather than the tolling arrangement originally contemplated, providing First Cobalt greater leverage to the cobalt market by entering into offtake contracts with end users [...]
Carbon footprint 50% lower than benchmark cobalt facility First Cobalt Corp. is demonstrating its commitment to fighting climate change by releasing results of a life cycle assessment affirming the low carbon footprint of its Canadian Refinery. The report concludes that the environmental impacts associated with refining cobalt at First Cobalt's facility will be materially lower than the published impacts of a leading [...]
First Cobalt Corp. today announced the resumption of exploration activities at its Iron Creek cobalt-copper deposit in Idaho, USA. As the cobalt market continues to strengthen, the Company is commencing geophysical surveys to trace extensions of mineralization and follow up on geophysical anomalies detected by previous work. Highlights Objective is to refine follow-up drill targets further east along strike of the [...]
First Cobalt Corp. today provided an update on its ongoing engineering studies for its permitted cobalt refinery in Ontario, Canada. The Company now estimates operating costs of $2.36 per pound of cobalt produced, which represents a 13% reduction that improves refinery margins, enhances project economics, and further solidifies the Refinery's global competitiveness. KEY HIGHLIGHTS Operating costs estimate reduced from [...]
First Cobalt Corp. President & CEO Trent Mell released the following statement in response to Tesla Battery Day announcements: On Tesla's Plans to Make its Own Batteries If you don't control your battery technology and raw materials supply chain, you will get left behind. Simply put, the supply of EVs will grow too quickly for mines, refiners and cell manufacturers to keep up and there will be casualties as established [...]
First Cobalt Corp. President & CEO Trent Mell released the following statement in response to Tesla Battery Day announcements: On Tesla's Plans to Make its Own Batteries If you don't control your battery technology and raw materials supply chain, you will get left behind. Simply put, the supply of EVs will grow too quickly for mines, refiners and cell manufacturers to keep up and there will be casualties as established [...]
Strengthens the Company's position as an ESG business First Cobalt Corp. is pleased to announce that it has taken steps to strengthen its commitment to becoming a globally competitive player in the North American electric vehicle supply chain by joining the Critical Materials Institute as a Full Team Member. This development further underscores First Cobalt's commitment to strengthen its Environmental, Social and [...]
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