NetworkNewsWire Announces Publication on North American Cobalt Producers Positioning to Meet Critical Need as US Moves Toward...
06 Juni 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 “Cobalt on Critical List as
US Moves toward Mineral Independence,” visit:
http://nnw.fm/Mc3DW
The acquisition of an American asset is particularly important,
given that Canada is among the companies targeted by recent U.S.
mineral tariffs. Gaining US Cobalt’s Iron Creek project in the
Idaho Cobalt Belt means that First Cobalt could be a manufacturer
of cobalt mined in the United States and, thereby, in a position to
potentially benefit from protectionist trade policies rather than
being damaged by them. It also means that the company would be
producing minerals closer to America’s major hubs of electric
vehicle manufacture in areas such as California and Michigan, and
so able to easily exploit the rise of electric cars.
With the only permitted cobalt refinery capable of producing
battery-grade material in North America, the enlarged company is
set to become a leader in North American cobalt. “We foresee a
shortage of cobalt over the next five years, yet there are few
companies doing significant work to identify new sources of
supply,” First Cobalt President and CEO Trent Mell said. “This
transaction creates a larger platform to discover and develop
cobalt projects for the growing electric vehicle market by
combining high quality North American assets in two of the best
cobalt jurisdictions outside the DRC.”
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 the company’s website at www.FirstCobalt.com
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content
distribution company that provides (1) access to a network of wire
services via NetworkWire to reach all target markets,
industries and demographics in the most effective manner possible,
(2) article and editorial syndication to 5,000+ news outlets, (3)
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social media distribution via the Investor Brand Network (IBN) to
nearly 2 million followers, (5) a full array of corporate
communications solutions, and (6) a total news coverage solution
with NNW Prime. As a multifaceted organization with an extensive
team of contributing journalists and writers, NNW is uniquely
positioned to best serve private and public companies that desire
to reach a wide audience of investors, consumers, journalists and
the general public. By cutting through the overload of information
in today’s market, NNW brings its clients unparalleled visibility,
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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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