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VANCOUVER, B.C., Jan. 20, 2021 /PRNewswire/
Fuse Cobalt Inc. ( the Company or Fuse ) (TSXV: FUSE), (OTC: FUSEF), (FRA: 43W3) is pleased to announce that on December 22 2020, the government of Canada and the government of Ontarioannounced a joint $10-million investment in the First Cobalt Corp. refinery in Cobalt Ontario. Significantly, this refinery is located approximately 1500 m west of Fuse Cobalt s cobalt mineral exploration property and inside the historic silver-cobalt producing region of Ontario.
Furthermore, on Jan 12, 2021, First Cobalt also finalized a new supply arrangement with Glencore plc (LSE: GLEN) along with a tentative pact with a unit of China Molybdenum Ltd, in which First Cobalt will receive 4,500 tonnes of cobalt hydroxide per year from the Democratic Republic of the Congo for use in its northern Ontario refinery beginning in 2022. This supply contract is significant for the region because it will assist the refinery to become fully operational, and
Fuse Cobalt to Investigate Potential for Lithium Clay Deposits at Teels Marsh, Nevada
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VANCOUVER, BC, Jan. 12, 2021 /PRNewswire/
Fuse Cobalt Inc. ( the Company or Fuse ) (TSXV: FUSE), (OTC: FUSEF), (FRA: 43W3) is pleased to announce it plans to review all previous exploration results on its 100% owned Teels Marsh West Project, including other potential sites in the vicinity, and evaluate the data in order to guide a Spring 2021 program aimed at locating lithium bearing montmorillonite clay deposits. Metallurgical testing of montmorillonite clay, a non-Hectorite clay, in nearby Clayton Valley indicates low-cost processing can be achieved by leaching with low acid consumption (125 kg/t) and high lithium recovery over 85 per cent Li. These high extractions prove that the dominant lithium-bearing minerals present are not hectorite, a refractory clay mineral which requires roasting and/or high acid consumption to liberate the lithium. (refer
Fuse Cobalt Corporate Update and President s Letter to Shareholders
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VANCOUVER, British Columbia, Jan. 11, 2021 /PRNewswire/
Fuse Cobalt Inc. ( the Company or Fuse ) (TSXV: FUSE) (OTC: FUSEF) (FRA: 43W3) would like to provide its shareholders with additional information regarding the history and current status of the Company, as well as, its proposed operating plan for 2021.
LETTER FROM THE PRESIDENT
TO OUR SHAREHOLDERS AND PARTNERS:
Since February 2020, the Company has accomplished quite a bit during a time of global uncertainty caused by the COVID-19 global pandemic, including a company rebranding and financing. Now that a vaccine is on the horizon, there has been a renewed interest on clean tech solutions, including purchasing of electric vehicles. Tesla Inc. continues to be one of the most valuable car companies by a long-shot and is on the list of some of the most valuable public companies worldwide.