Development of First Cobalt Corp.’s (TSX.V: FCC) (OTCQX: FTSSF) North American Assets Shows Prescience as Congo Boosts Costs of Cobalt Traffic
Globe-leading cobalt supplier DRC’s decision to declare metal a strategic resource includes exponential increase in industry tariffs Cobalt is a critical element of computer-powering lithium-ion batteries First Cobalt has North America’s only cobalt refinery capable of producing material suitable for lithium-ion batteries Company is testing varied cobalt feedstocks for suitability as it eyes possibility of restarting the shuttered refinery First Cobalt is also fast-tracking development of its flagship cobalt exploration project in Idaho, with plans to complete updated resource estimate by early 2019 The announcement that government officials in the Democratic Republic of the Congo have signed off on a…