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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.
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