NetworkNewsWire Announces Publication on Promising Cobalt Opportunities Outside of the Congo
23 Mai 2018 - 2:15PM
via NetworkWire -- NetworkNewsWire ("NNW"), a multifaceted
financial news and publishing company, today announces the
publication of an editorial featuring First Cobalt Corp.
(TSX-V:FCC) (OTCQX:FTSSF), a client of NNW focused on creating the
largest pure-play cobalt exploration and development company in the
world.
To view the full publication, titled “Growing Cobalt Industry
Looks to Escape Reliance on DRC,” visit: http://nnw.fm/Z0wTJ
The company’s operations are based in Canada
(http://nnw.fm/2ucsI), where it has acquired a string of claims in
former silver mining country. Cobalt is often found in the ground
alongside other minerals in these abandoned claims, and former
exploitation has left the cobalt exposed. What makes First Cobalt’s
camp unique is that it is a silver-cobalt camp rather than the more
common copper-cobalt operation. With cobalt now an important
resource, First Cobalt has been able to obtain these abandoned
mines with the aim of using them to produce new wealth.
The company has already acquired 50 historic mines covering
nearly 25,000 acres of Canadian mining country, making it the
largest landowner in the country’s cobalt region. This provides a
unique opportunity to bring meaningful cobalt production into North
America, reducing the vulnerabilities to political and social
unrest that have come with work in the DRC. And moving production
closer to North American tech companies also provides the potential
to reduce shipping, possibly providing cobalt more quickly and cost
effectively for these companies.
First Cobalt has been quick to make the most of this
opportunity. By combining a century of historic mining data with
modern analytical techniques, it has quickly identified the most
likely locations of cobalt deposits and moved to exploit them. The
results of test drilling quickly produced positive results. Recent
work near Kerr Lake (http://nnw.fm/fmjQ0) has discovered mineral
deposits at least twice the size of those previously known to exist
there. Through a vigorous strategy of expansion and exploration,
First Cobalt has created one of the most valuable potential sources
of cobalt in North America.
About First Cobalt Corp.
First Cobalt aims to create the largest pure-play cobalt
exploration and development company in the world. First Cobalt
controls over 10,000 hectares of prospective land covering over 50
historic mines as well as mineral processing facilities in the
Cobalt Camp in Ontario, Canada. The First Cobalt Refinery is the
only permitted facility in North America capable of producing
cobalt battery materials. First Cobalt seeks to build shareholder
value through new discovery, mineral processing and growth
opportunities, with a focus on North America.
For more information, visit http://www.FirstCobalt.com
About NetworkNewsWire
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Please see full terms of use and disclaimers on
the NetworkNewsWire website applicable to all content provided by
NNW, wherever published or re-published:
http://NNW.fm/Disclaimer.
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended
and Section 21E of the Securities Exchange Act of 1934, as amended.
All forward-looking statements are inherently uncertain as they are
based on current expectations and assumptions concerning future
events or future performance of the company. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which are only predictions and speak only as of the date hereof. In
evaluating such statements, prospective investors should review
carefully various risks and uncertainties identified in this
release and matters set in the company's SEC filings. These risks
and uncertainties could cause the company's actual results to
differ materially from those indicated in the forward-looking
statements.
Corporate Communications Contact:
NetworkNewsWire (NNW) New York, New York www.NetworkNewsWire.com
212.418.1217 Office Editor@NetworkNewsWire.com
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