First Cobalt (TSX.V: FCC) (OTCQB: FTSSF) this morning announced that it has started a study of the First Cobalt Refinery to provide operating cost estimates for a future restart and expansion of the refinery. The refinery, located in the Canadian Cobalt Camp, is fully-owned by First Cobalt and is the only fully permitted cobalt refinery in North America that is capable of producing battery materials. The study will estimate the capital required to restart the refinery in its current configuration as well as an expansion scenario. “The First Cobalt Refinery is a unique and strategic asset that is fully permitted to process North American feedstock. As we move forward with proposed acquisition of US Cobalt and ongoing studies of early cash flow opportunities in the Cobalt Camp from historic muckpile material, this Refinery study will drive us closer to our goal of being a vertically integrated North American cobalt company,” First Cobalt president and CEO Trent Mell stated in the news release.
To view the full press release, visit http://nnw.fm/56FRt
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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