Electra Battery Materials Corp. V.ELBM

Trent Mell Interview : Restarting the First Cobalt refinery

[habstraders]

First Cobalt (TSXV:FCC, OTCQX:FTSSF) CEO Trent Mell discussed the global cobalt market and its challenges, specifically in the Democratic Republic of Congo, where artisanal mines have complicated the supply chain. This has led companies like First Cobalt to search for more ethical sources of cobalt around the world, including the company’s cobalt properties in Idaho and Ontario. First Cobalt is anticipating a joint discussion with Glencore (OTC:GLNCY) in 2020 on the First Cobalt Refinery in Ontario, the only permitted primary cobalt refinery in North America. #cobalt #mining #VRIC20

First Cobalt is also working to produce a battery-grade cobalt sulfate using the First Cobalt Refinery Flowsheet. The company’s hydrometallurgical cobalt refinery is located only 600 kilometers from the US border, and can currently accommodate a throughput of 12 tonnes per day.

The company has partnered with Glencore in order to re-start its cobalt refinery, which would become the only primary refiner of cobalt in North America. Following an initial investment of US$5 million, Glencore is prepared to invest another US$40 million to expand the refinery upon completion of a positive feasibility study for a 55 tonnes per day
refinery