First Cobalt Corp. is pleased to announce a non-brokered private placement of up to 10,715,000 units of the Company at a price of $0.14 per Unit for gross proceeds of up to $1,500,000 . The Company has received a commitment from a strategic investor to subscribe for $750,000 of the Units in the Offering. Each Unit issued pursuant to the Offering will consist of one common share in the capital of the Company and one common [...]
First Cobalt Corp. is pleased to announce a new high-grade mineral resource estimate for the Iron Creek Project in Idaho, USA. In 2019, First Cobalt completed an infill drill program focused on converting Inferred Resources to Indicated Resources, resulting in a 49% conversion to the Indicated category and a 12% increase in contained cobalt metal while maintaining the average grade. The deposit is one of the few primary [...]
First Cobalt Corp. announced today that in connection with services rendered for the quarter ended December 31, 2019, the Company has issued 326,657 Deferred Share Units to directors. In accordance with the Company's Amended and Restated Long-Term Incentive Plan, the DSUs were priced based on yesterday's closing price of the Company's common shares on the TSX Venture Exchange. DSUs align the interests of Company directors [...]
First Cobalt Corp. today provided an update on its feasibility study to recommission and expand its Canadian cobalt refinery in partnership with Glencore AG. HIGHLIGHTS On schedule for Q1 2020 completion of a prefeasibility study for a 12 tonnes per day restart and a second definitive feasibility study for a 55 tpd expansion scenario Field program to assess the condition of equipment and systems currently installed in [...]
First Cobalt Corp. is pleased to announce that President & Chief Executive Officer, Trent Mell will be presenting at Benchmark Minerals Cathodes Conference on Wednesday, November 13, 2019 at 11:15 am at The Ritz-Carlton, Marina del Rey in California. Mr. Mell will be available for one-on-one meetings throughout the conference to discuss the Company's progress with restarting its permitted Canadian cobalt refinery in [...]
First Cobalt Corp. is pleased to announce high grade cobalt assays up to 0.48% cobalt from surface samples taken at a target 1.5 kilometres to the south of the Company's Iron Creek Project in the Idaho Cobalt Belt, USA. Additional work will seek to determine if this area is an extension of Iron Creek mineralization or a new parallel horizon. Highlights Cobalt mineralization exposed in southern portion of First Cobalt's [...]
First Cobalt Corp. is pleased to announce that power has been restored to the First Cobalt Refinery and that a team of engineers and technicians has been deployed to commence a field program. The work is in support of an ongoing definitive feasibility study led by Ausenco Engineering Canada on a recommissioning and expansion of the existing First Cobalt Refinery, located a 5 hour drive north of Toronto, Canada. A scoping [...]
First Cobalt Corp. is pleased to announce that John Pollesel has been named non-executive Chairman and that Susan Uthayakumar has been elected to the Company's Board of Directors. John Pollesel, Chairman of the Board, commented: "On behalf of the senior leadership team, I would like to thank outgoing Chairman Paul Matysek for his leadership during the early years of First Cobalt. I am also delighted to welcome Susan [...]
First Cobalt Corp. is pleased to announce that President & Chief Executive Officer, Trent Mell will be presenting at Benchmark Minerals' upcoming Australian battery materials conferences, as follows: September 16 at the Hilton Sydney in Sydney at 10:00 a.m. September 18 at State Library Victoria in Melbourne at 9:30 a.m. September 20 at the Hilton Perth Northbridge in Perth at 12:00 p.m. Mr. Mell will be available for [...]
First Cobalt Corp. is pleased to announce that it will be hosting a conference call and webcast on Monday, September 9 at 8:00am EDT / 12:00pm UTC to discuss its plans for the First Cobalt Refinery. The conference call dial-in is 416-764-8609 or toll free in North America at 1-888-390-0605, with no passcode required. A live audio webcast of the conference call, together with supporting presentation slides, will be [...]
TORONTO, Sept. 4, 2019 /CNW/ - First Cobalt Corp. is pleased to announce that it has awarded key contracts to complete a 55 tonnes per day feasibility study on the proposed expansion to the First Cobalt Refinery . Field work is expected to commence in September and will culminate in the delivery of a definitive feasibility study in Q1 2020. HIGHLIGHTS Ausenco Engineering Canada Inc. to lead in the preparation of a DFS [...]
First Cobalt Corp. is pleased to announce that it has entered into a US$5 million loan facility with Glencore AG to complete advanced engineering, metallurgical testing, field work and permitting associated with a recommissioning and expansion of the First Cobalt Refinery in Canada. Upon completion of a positive definitive feasibility study for a 55 tonnes per day refinery expansion in Q1 2020 and subject to certain [...]
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