NEW YORK, Feb. 23, 2018 (GLOBE NEWSWIRE) -- via NetworkWire -- NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring First Cobalt Corp. (TSX.V:FCC) (OTCQB:FTSSF), a client of NNW focused on creating the largest pure-play cobalt exploration and development company in the world.
To view the full publication, titled “Rise of Electric Cars Fuels Cobalt Market Surge,” visit: http://nnw.fm/ewZk1
First Cobalt has quickly established an impressive operation based in Canada. Through mergers with CobalTech (http://nnw.fm/5uNvx) and Cobalt One (http://nnw.fm/Ss3B6), it has gathered a large area of mining territory, as well as the tools and expertise to exploit it. Trent Mell, the president and CEO of First Cobalt, said of the mergers: “Over a very short period, we have created the largest cobalt exploration company in the world, controlling almost half of what we believe may be the most prospective cobalt district outside of the DRC. We intend to pursue an aggressive exploration program in 2018 while continuing to assess other growth opportunities.”
The company’s advantages extend to industrial processing facilities. It has the only cobalt extraction facility in North America that is permitted for producing battery materials, putting it in a unique position to become the leading domestic supplier.
About First Cobalt Corp.
First Cobalt is the largest land owner in the Cobalt Camp in Ontario, Canada. The Company controls over 10,000 hectares of prospective land and 50 historic mines as well as a mill and the only permitted cobalt refinery in North America capable of producing battery materials. First Cobalt began drilling in the Cobalt Camp in 2017 and seeks to build shareholder value through new discovery and growth opportunities. For more information, visit www.FirstCobalt.com.
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Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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