Receives $4.5 Million from Warrant Exercises First Cobalt Corp. is pleased to announce that it has commenced certain pre-construction activities, including advancing engineering and tendering associated with long lead order procurement. Highlights $16 million in working capital, including $4.5 million in early warrant exercises and $9 million in [...]
First Cobalt Corp. is pleased to announce that it has closed its previously announced bought deal offering of units of the Company . The Offering was conducted by a syndicate of underwriters led by Eight Capital, together with CIBC World Markets Inc., Canaccord Genuity Corp., Red Cloud Securities Inc. and Mackie Research Capital Corporation and [...]
First Cobalt Corp. is pleased to announce that it has entered into an amended agreement pursuant to which Eight Capital, as lead underwriter and sole bookrunner, together with a syndicate of underwriters, will now purchase 27,420,000 units of the Company , on a “bought deal” basis pursuant to the filing of a prospectus supplement to First Cobalt’s [...]
First Cobalt Corp. is pleased to announce that it has entered into an agreement pursuant to which Eight Capital, as lead underwriter and sole bookrunner, together with a syndicate of underwriters, will purchase 16,130,000 units of the Company, on a “bought deal” basis pursuant to the filing of a prospectus supplement to First Cobalt’s short form [...]
First Cobalt Corp. is pleased to announce long-term cobalt hydroxide feed arrangements with Glencore AG and IXM SA, a fully owned subsidiary of CMOC, which will provide a total of 4,500 tonnes of contained cobalt per year to the First Cobalt Refinery commencing in 2022. Once operational, the First Cobalt Refinery will be North America's only [...]
First Cobalt Corp. is pleased to announce that it has entered into a letter of intent with Kuya Silver Corporation to sell a portion of its silver and cobalt mineral exploration assets in the Canadian Cobalt Camp and form a joint venture to advance the remaining mineral assets. The transaction will allow the two companies to resume mineral [...]
First Cobalt Corp. is pleased to announce that it has signed contribution agreements and will be the recipient of $10 million in public funding from the Government of Canada and the Government of Ontario. This critical funding will allow the Company to accelerate the commissioning and expansion of its Refinery in Northern Ontario, attract new [...]
First Cobalt Corp. is pleased to announce that President & CEO Trent Mell will be presenting at the Cathodes 2020 Conference hosted by Benchmark Mineral Intelligence on Tuesday, December 8, 2020 at 11:00am EST/4:00pm GMT. Mr. Mell will participate in a panel entitled "NCM Evolving: Building a global supply chain for nickel, cobalt, & manganese [...]
Strong Silver Market Spurs Renewed Interest First Cobalt Corp. today announced the commencement of a geophysical survey to follow up on high grade silver and cobalt intercepts in a historic mining area of the Canadian Cobalt Camp and test new tools that could be applied to prospective greenfield areas elsewhere in this mining district. Highlights [...]
First Cobalt Corp. announces that it has filed a final short form base shelf prospectus with the securities regulators in all provinces and territories of Canada. The Final Shelf Prospectus allows the Company to make offerings of common shares, subscription receipts, warrants, units or any combination thereof for up to an aggregate total of C$20 [...]
First Cobalt Corp. announces that it has filed a preliminary short form base shelf prospectus with the securities regulators in all provinces and territories of Canada. When made final, this filing will allow the Company to make offerings of common shares, subscription receipts, warrants, units or any combination thereof for up to an aggregate [...]
First Cobalt Corp. today provided an update on commercial contracts and metallurgical test work relating to its cobalt refinery located in Ontario, Canada. Highlights First Cobalt and Glencore have agreed to discuss a long-term feed purchase contract rather than the tolling arrangement originally contemplated, providing First Cobalt greater [...]