NetworkNewsBreaks – First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) Announces Completion of US Cobalt Acquisition
Jun 4, 2018
Cobalt exploration and development company First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) this morning announced the completion of its previously detailed acquisition of US Cobalt Inc. Per the update, US Cobalt shareholders will receive 1.5 common shares of First Cobalt in exchange for each US Cobalt share owned, and US Cobalt has become a wholly owned subsidiary of First Cobalt. In conjunction with this transaction, First Cobalt has reconstituted its board of directors to include Garett Macdonald, technical advisor with US Cobalt. “Garett Macdonald’s extensive experience as a mine developer is a welcome addition to the board of First Cobalt as we move to fast track activities at the Iron Creek Project in Idaho and leverage synergies with First Cobalt’s refinery in Ontario,” Trent Mell, president and CEO of First Cobalt, stated in the news release. “I am pleased to welcome him to the board and I look forward to his input on strategy and execution.”
To view the full press release, visit http://nnw.fm/cQ7yU
About First Cobalt Corp.
First Cobalt aims to create the largest pure-play cobalt exploration and development company in the world. First Cobalt controls over 10,000 hectares of prospective land covering over 50 historic mines as well as mineral processing facilities in the Cobalt Camp in Ontario, Canada. The First Cobalt Refinery is the only permitted facility in North America capable of producing cobalt battery materials. First Cobalt seeks to build shareholder value through new discovery, mineral processing and growth opportunities, with a focus on North America. For more information, visit the company’s website at www.FirstCobalt.com
More from NetworkNewsBreaks
NetworkNewsBreaks – TMSR Holding Company Ltd. (NASDAQ: TMSR) Common Stock Continues to Trade Following Nasdaq Hearings Panel Decision NetworkNewsBreaks – GTX Corp. (GTXO) CEO Attends Congressional Meeting Related to Kevin and Avonte’s Law NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Posts Update on Heavy Oil Extraction FacilityAbout NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
[email protected]
More News
Apple may make future iPhones shorter and more compact with new 18:9 display design
Apple is reportedly considering shorter iPhones with an 18:9 display ratio instead of the current 19.5:9 design to improve one-handed usability. The redesign could also bring a smaller Dynamic Island or an under-display camera.
Nexperia’s China unit claims supply chain ‘localisation’ as rift with Dutch parent deepens
Nexperia’s Chinese unit says its domestic 12-inch wafer platform now covers all of its product categories, marking a key milestone in building an independent supply chain more than a year after its Dutch parent halted direct shipments of European wafers. Speaking at the 23rd China International Semiconductor Expo in Beijing on Thursday, Nexperia China CEO John Chang said the local division had partnered with domestic foundries while relying on its own facilities and local contractors to handle...
Turkey & AIIB strike $1.6 billion deal for climate policy after COP31
Turkey & AIIB strike $1.6 billion deal for climate policy after COP31The Asian Infrastructure Investment Bank just finalized a groundbreaking deal with the host of the 2026 COP31, Turkey and its all going towards climate policy. According to a report that tracks financial need, there needs to be...
Campaigners want more land protected from housing
After parkland was safeguarded from development, residents want the council to change a housing plan.
Art trail celebrates arrival of black bears at zoo
Jersey Zoo says the art trail will celebrate the world's "largest inhabitants to its smallest.
Nurdle impact to be researched for a year
Research will be carried out on sea-birds and marine life following a microplastic spillage in July.
'Summer was a wake-up call, winter could be dire' warning over food supplies
Wales needs to grow more fruit and veg or it will be at the mercy of wars and climate change, one expert says.
Public funds ploughing cash into AI will own megatrends shaping economy
GLOBAL-SWF/AI:Public funds ploughing cash into AI will 'own' megatrends shaping economy
Nvidia’s Board Is Weighing Jensen Huang’s Future
Mr. Huang has been under scrutiny for an affair with a woman said to be a Chinese spy, as well as for a relationship with an executive at his A.I. chip company.
AI investment faces reality check as returns remain unproven, next 18 months critical: Goldman Sachs
The massive investment in artificial intelligence infrastructure is facing a reality check as concerns grow over whether technology companies will be able to generate sufficient returns from their spending, with the next 18 months emerging as a crucial period for the sector.
Chinese AI firms rush to secure Nvidia chip capacity as spy scandal stirs fear of US curbs
NVIDIA-PROBE/CHINA-CHIPS (EXCLUSIVE):EXCLUSIVE-Chinese AI firms rush to secure Nvidia chip capacity as spy scandal stirs fear of US curbs
Critical Apache HTTP/2 Flaw Could Let Unauthenticated Attackers Execute Code Remotely
A critical flaw in Apache HTTP Server's HTTP/2 module, mod_http2, can let a remote attacker run code on the server. Tracked as CVE-2026-119618, it affects versions 2.4.55 through 2.4.70 and is fixed in version 2.4.71, released yesterday. Only servers with HTTP/2 enabled are affected, according to Red Hat, which ships the server as part of Red Hat Enterprise Linux. An attacker who can reach the
Recommended
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.