First Cobalt Corp. today announced that it is expanding its strategic plan to provide battery grade nickel and cobalt, recycled battery materials and precursor material to the North American supply chain. The new business model would result in the creation of the only battery materials park on the continent, providing North American automakers with [...]
First Cobalt Corp. is pleased to announce that it has completed the sale of additional Secured Convertible Notes, for an aggregate amount of US$7.5 million, as part of the Company's recently completed offering of 6.95% senior secured convertible notes due December 1, 2026. Pursuant to subscription agreements entered into between the Company and [...]
First Cobalt Corp. is pleased to announce that it has received notice of the full exercise of a US$7.5 million option by investors in the Company's recently completed offering of 6.95% senior secured convertible notes due December 1, 2026 . Pursuant to subscription agreements entered into between the Company and each investor on August 23, 2021 [...]
First Cobalt Corp. is pleased to announce that it has received the second of three required permit amendments to recommission its hydrometallurgical refinery in Canada. Receipt of the Air & Noise Environmental Compliance Approval from the Ontario Ministry of the Environment, Conservation and Parks is yet another key milestone in the advancement of [...]
First Cobalt Corp. is pleased to announce that it has awarded a contract to industry expert Metso Outotec for the design and manufacturing of solvent extraction cells as well as technical support for the layout of a new solvent extraction plant and its process control. Metso Outotec is recognized as a world leader in sustainable solutions for [...]
As a symbol of respect and acknowledgement toward Canada's First Anniversary of the National Day for Truth and Reconciliation, First Cobalt Corp. has lowered the symbolic Every Child Matters flag. The flag, flown in front of the Company's hydrometallurgical battery materials refinery in the community of Temiskaming Shores, Ontario will remain [...]
First Cobalt Corp. is pleased to announce that it commenced drilling at Iron Creek, a wholly-owned cobalt-copper project in Idaho, USA. The Company's objective is to double the size of the current resource over the next two years, in light of stronger commodity prices and an acceleration of EV adoption rates in North America. HIGHLIGHTS North [...]
First Cobalt Corp. today announced that Kuya Silver Corporation has given notice of intention to exercise an option to earn a 70% interest in all of First Cobalt's remaining mineral rights in the Canadian Cobalt Camp. Highlights Kuya previously acquired a 100% interest in a property package surrounding the Kerr Lake area for $4 million. Kuya also [...]
First Cobalt Corp. is pleased to announce that it has closed its previously announced debt and equity financing for aggregate gross proceeds of approximately US$45 million. The financing consisted of a private placement offering to United States investors of US$37.5 million principal amount of 6.95% senior secured convertible notes due December 1 [...]
First Cobalt Corp. today announced the filing of its unaudited financial results for the three and six-month period ended June 30, 2021. For complete details of the condensed interim consolidated financial statements and the associated management's discussion and analysis, please refer to the Company's filing on SEDAR or the Company's website. The [...]
First Cobalt Corp. is pleased to announce the pricing of its previously announced overnight-marketed public offering of common shares of the Company for total gross proceeds of approximately US$7.5 million at a price of C$0.25 per Common Share. The Equity Offering is being led by BMO Capital Markets as sole agent. The Company is also pleased to [...]
First Cobalt Corp. is pleased to announce that it has arranged a combined secured convertible debt and brokered equity financing package with an aggregate value of approximately US$45 million to finance the construction of its wholly-owned hydrometallurgical refinery located in Ontario. The financing consists of the following components: An [...]
