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TORONTO, Jan. 12, 2021 /CNW/ - First Cobalt Corp. (TSXV:FCC) (OTCQX:FTSSF) (the Company ) is pleased to announce long-term cobalt hydroxide feed arrangements with Glencore AG and IXM SA, a fully owned subsidiary of CMOC, which will provide a total of 4,500 tonnes of contained cobalt per year to the First Cobalt Refinery commencing in 2022. Once operational, the First Cobalt Refinery will be North America s only producer of cobalt sulfate for the electric vehicle market.
Highlights
4,500 tonnes per year of contained cobalt to be provided from Glencore s KCC mine and CMOC s Tenke Fungurume mine
Supply agreements represent 90% of projected capacity for the Canadian refinery, yielding 22,250 tonnes per year of battery grade cobalt sulfate
First Cobalt is pleased to announce that it has entered into a letter of intent with Kuya Silver Corporation to sell a portion of its silver and cobalt mineral exploration assets in the Canadian Cobalt Camp and form a joint venture to advance the remaining mineral assets.
SHANGHAI, Dec 22 (SMM) – First Cobalt is pleased to announce that it has entered into a letter of intent with Kuya Silver Corporation to sell a portion of its silver and cobalt mineral exploration assets in the Canadian Cobalt Camp and form a joint venture to advance the remaining mineral assets.
The transaction will allow the two companies to resume mineral exploration activities in a historic silver district while providing First Cobalt capital for the recommissioning of its Canadian refinery.
First Cobalt Receives $10 Million Investment from Federal and Provincial Governments
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 …
First Cobalt Corp. (TSXV: FCC) (OTCQX: FTSSF) (the “Company”) 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.