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1. First Cobalt
First Cobalt is a vertically integrated cobalt exploration and development company with three assets located in Idaho, US, and Ontario, Canada. The company is focused on developing a supply of battery-grade cobalt in North America for the rapidly growing electric vehicle market.
The company’s Ontario-based refinery is the only permitted primary cobalt refinery in North America, and could produce 25,000 tonnes of cobalt sulfate per year from third party feed.
Last week, the company received C$10 million in funding from the governments of Canada and Ontario. Its share price increased 114.29 percent during the period to close at C$0.30.