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TORONTO, April 28, 2021 /CNW/ -
First Cobalt Corp. (TSX-V: FCC) (OTCQX: FTSSF) (the Company ) today announced that it has been awarded funding from the US Department of Energy s Critical Materials Institute (CMI), an Energy Innovation Hub, for research on innovative mineral processing techniques for its Iron Creek copper-cobalt project in Idaho.
This interdisciplinary, collaborative research effort will be conducted in conjunction with the Kroll Institute for Extractive Metallurgy (KIEM) at the Colorado School of Mines over a two-year period with the objective of identifying more efficient and environmentally friendly methods to process cobalt ore from pyrite material. The funding from CMI will consist of US$600,000 over a two-year period, with an in-kind match from the Company, as part of a total US$1.2 million program. The work is yet another executed step in First Cobalt s strategic plan to become the world s most sustainable producer of battery materials.
US Department of Energy provides funds for First Cobalt s Iron Creek project
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First Cobalt hires commodities industry executive to market its refined cobalt production to EV and battery manufacturers
Michael Insulan, who will be based in Europe, will also be responsible for marketing the company s recycled cobalt, nickel, lithium and other battery materials under a planned second phase expansion at the refinery Insulan s appointment is another step in First Cobalt s strategic plan, said CEO Trent Mell
First Cobalt Corp (CVE:FCC) (OTCQX:FTSSF) (FRA:18P) has appointed experienced commodities industry executive Michael Insulan as vice-president of commercial to market the group s refined cobalt sulfate production to electric vehicle (EV) manufacturers and battery makers.