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First Cobalt eyes restart of Canadian refinery

By: Esmarie Iannucci     11th October 2018 Dual-listed First Cobalt has undertaken three independent studies to assess restarting its refinery in Ontario, Canada. The First Cobalt refinery was commissioned in 1996, and has a nominal throughput capacity of between 12 t/d and 24 t/d. 

Inferred resource estimate released for Iron Creek cobalt project

By: Mariaan Webb     27th September 2018 The Iron Creek cobalt project in Idaho, US, has received its first NI 43-101-compliant inferred mineral resource estimate, TSX-V and ASX-listed First Cobalt announced on Wednesday. The inferred mineral resource is estimated at 29.6-million tons (26.9-million tonnes) grading 0.11% cobalt... 

Phoenix Global Mining seeks New York funds after London disappoints

By: Reuters     29th August 2018 Phoenix Global Mining, which is reopening a US copper mine abandoned during World War II when its workforce left to fight, plans to list in New York in September after a disappointing launch on London's AIM market. The London market is dominated by institutional investors and junior miners... 

Lithium price may soften this year on ‘slight oversupply’ but EVs driving future optimism 

By: Henry Lazenby     8th June 2018 The lithium price might be in for a rough ride this year, as a supply response might overshoot what the market actually needs, London-based pricing intelligence firm Metal Bulletin’s head of research William Adams tells Mining Weekly in an interview. “We see a slight lithium surplus coming this... 

Lithium price may soften this year on ‘slight oversupply’ but EVs driving future optimism

By: Henry Lazenby     8th June 2018 The lithium price might be in for a rough ride this year, as a supply response might overshoot what the market actually needs, London-based pricing intelligence firm Metal Bulletin’s head of research William Adams tells Mining Weekly in an interview. “We see a slight lithium surplus coming this... 

Electric vehicles seen driving cobalt crunch by mid-2020s

By: Reuters     25th May 2018 The increasing popularity of electric vehicles may create a crunch for supplies of cobalt in the early-to-mid 2020s, miners and analysts say, adding that small operators trying to start up mines outside Africa could play a bigger role over time in satisfying demand for the metal used in... 

Canada's First Cobalt eager for more after US Cobalt buy

By: Reuters     26th April 2018 Canada's First Cobalt, which has just bought another cobalt developer, is keen for more acquisitions to accelerate bringing on production to meet North American demand, a senior company official said. Expectations of soaring demand for cobalt because of its use in electric vehicles has inspired... 

First Cobalt undertakes study to assess mine waste rock; success could impact overall strategy

By: Henry Lazenby     21st March 2018 ASX- and TSX-V-listed First Cobalt has launched a metallurgical study on the high-grade inventory of refinery residue and crushed waste rock material located near the company’s mill facility, located in the Canadian Cobalt Camp, in Ontario. First Cobalt has partnered with Dundee Sustainable... 

First Cobalt buys Idaho explorer in race to tap battery boom

By: Bloomberg     15th March 2018 First Cobalt is seeking to speed up its timetable to begin producing cobalt, riding the wave of interest in the metal used in electric-vehicle batteries and smartphones. The Vancouver-based exploration company agreed to buy explorer US Cobalt, which has properties in Idaho, in an all-stock deal... 

Cobalt One shareholders approve merger with First Cobalt

By: Anine Kilian     21st November 2017 Junior cobalt miner Cobalt One’s shareholders have approved a merger with Toronto-based First Cobalt, which means that the companies are one step closer to creating the largest pure-play cobalt company in the world. Cobalt One announced on Monday that 99.995% of the shareholders’ votes were in... 

First Cobalt, CobalTech ratify deal to create world’s largest cobalt-focused explorer

By: Henry Lazenby     22nd August 2017 On the same day that cobalt posted the highest-ever recorded price at $60 250/t – up some 127% since the start of 2017 – explorer First Cobalt (FCC) on Monday executed a definitive merger agreement with fellow TSX-V-listed CobalTech Mining. The transaction, in combination with its separate... 

Canada’s First Cobalt hoping to seal DRC exploration deal by next month

By: Mia Breytenbach     21st July 2017 Cobalt asset group First Cobalt aims to close the transaction of a strategic alliance for a 70% interest in seven prospective copper/cobalt exploration properties in the Democratic Republic of the Congo (DRC) by next month and progress exploration in one of the world’s “high-reward cobalt... 

Cobalt company to acquire 70% interest in DRC

2nd June 2017 Cobalt asset group First Cobalt says its transaction with Africa-focused investment and development company Madini Minerals will allow it to firmly establish a presence in one of the richest mining camps in the world. In May, First Cobalt announced that is to become a 70% joint venture partner on... 

First Cobalt to form alliance for 70% option on 7 DRC exploration plays

By: Henry Lazenby     2nd May 2017 Junior explorer First Cobalt has signed a letter of intent with an associate of Madini Minerals to form a strategic alliance and earn a controlling interest over seven prospective copper/cobalt exploration properties covering 190 km2 in the Democratic Republic of the Congo (DRC), the company... 

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