First Cobalt (TSX.V: FCC) (OTCQX: FTSSF) this morning announced that it has acquired 100% ownership of the Iron Creek property in Idaho which eliminates any future royalty payments on the property. This acquisition streamlines upcoming permitting and development activities and fast-tracks the mine planning process. First Cobalt has commenced a consultation process and started gathering baseline data for future permitting requirements. “Our outlook for the Iron Creek Project was instrumental in the decision to eliminate the outstanding royalty and acquire 100% ownership of the project at this time. Drilling has identified two broad zones of cobalt-copper mineralization that extend well beyond the historic resource area. The Company is fully funded to complete our work programs in the USA and Canada this year and into 2019. We anticipate releasing preliminary metallurgical work and the maiden resource estimate for Iron Creek in the next few weeks,” First Cobalt president & chief executive officer Trent Mell stated in the news release.
To view the full press release, visit http://nnw.fm/2bJvg
About First Cobalt Corp.
As a vertically integrated North American cobalt company, First Cobalt’s strategy is to explore, develop and refine material in North America for sale back into the American battery market. First Cobalt has three significant North American assets: the Iron Creek Project in Idaho, which has a historic mineral resource estimate (non-compliant with NI 43-101); the Canadian Cobalt Camp, with more than 50 past producing mines; and the only permitted cobalt refinery in North America capable of producing battery materials. For more information, visit http://nnw.fm/FTSSF
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