First Cobalt (TSX.V: FCC) (OTCQB: FTSSF) this morning announced the release of its 2018 corporate video on the company’s website and social media sites. In the video, president and CEO Trent Mell discusses the company’s vision for 2018, including a three-point approach for the year. The first point encompasses the company’s plan to focus on growth through strategic acquisitions, which it has demonstrated through its previously announced merger with US Cobalt Inc. (TSX-V: USCO) (OTCQB: USCFF). The acquisition remains subject to regulatory approvals and is expected to close by the end of May 2018. Secondly, First Cobalt plans to create shareholder value through exploration of the Canadian Cobalt Camp. A potential zone of cobalt mineralization that can be tracked across more than 100 meters has recently been indicated in the Cobalt North area of the Cobalt Camp. Lastly, the company intends to capitalize on early cash flow opportunities in the Cobalt Camp. First Cobalt is currently evaluating whether the mill facility can be moved and reactivated at the permitted First Cobalt Refinery Complex to produce early cash flow from the production of a saleable concentrate.
To view the video, visit http://nnw.fm/EDtG3
To view the full press release, visit http://nnw.fm/07Rc8
About First Cobalt Corp.
First Cobalt aims to create the largest pure-play cobalt exploration and development company in the world. The company 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 battery materials. First Cobalt seeks to build shareholder value through new discovery, mineral processing and growth opportunities, with a focus on North America. On March 14, 2018, the company proposed a friendly, all-share acquisition of US Cobalt Inc. for its Iron Creek Project in Idaho, U.S. The transaction remains subject to shareholder and regulatory approvals and other closing conditions. This transaction is intended to further enhance First Cobalt’s position as a leading pure-play North American cobalt company. For more information, visit the company’s website at www.FirstCobalt.com.
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