May 15, 2018
First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) is strategically positioning itself as a leading pure-play cobalt exploration and development company as it continues to add historical mineral resource properties to its portfolio. The previously announced acquisition of U.S. Cobalt is poised to expand the company’s assets into Idaho at the Iron Creek Project, which includes a substantial amount of previous exploratory work. This project, located along the most prolific trend of cobalt mineralization in the United States along the Idaho Cobalt Belt, has an historic mineral resource estimate (non-compliant with NI 43-101) of 1.3 million tons grading 0.59 percent cobalt, and shareholders were encouraged to support the proposed acquisition (http://nnw.fm/1TebU).
Overall, the deal adds U.S. Cobalt’s exploration properties in Idaho and Utah to First Cobalt’s 50 mining properties in Cobalt, Ontario, Canada, which also include the only permitted cobalt refinery in North America capable of producing…
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