First Cobalt Corp.’s (TSX.V: FCC) (OTCQB: FTSSF) announcement of its merger with Cobalt One portends the arrival of one of the largest (and most politically stable) portfolios of tech-friendly cobalt assets in the world. The merged company will own the only permitted cobalt refinery in North America designed to produce battery materials and will control over 10,000 hectares (24,710.5 acres) of prospective land and 50 historic mining operations in the Cobalt Camp of Ontario, Canada, as well as a mill and a permitted refinery facility. An article discussing this quotes First Cobalt CEO and President Trent Mell as stating: “We are one step closer to creating the largest pure play cobalt company in the world. We look forward to seeing First Cobalt shares trade on the ASX, as this dual listing will bring a much larger shareholder base and added liquidity.”
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About First Cobalt
First Cobalt’s objective is to create the largest pure-play cobalt exploration and development company in the world. Upon completion of the mergers with Cobalt One Ltd. and CobalTech Mining Inc., First Cobalt will control over 10,000 hectares of prospective land and 50 historic mining operations in the Cobalt Camp in Ontario, Canada as well as a mill and a permitted refinery facility. For more information, visit www.FirstCobalt.com.
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