NEW YORK, May 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) (OTCQX: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 “Growing Cobalt Industry Looks to Escape Reliance on DRC,” visit: http://nnw.fm/Z0wTJ
The company’s operations are based in Canada (http://nnw.fm/2ucsI), where it has acquired a string of claims in former silver mining country. Cobalt is often found in the ground alongside other minerals in these abandoned claims, and former exploitation has left the cobalt exposed. What makes First Cobalt’s camp unique is that it is a silver-cobalt camp rather than the more common copper-cobalt operation. With cobalt now an important resource, First Cobalt has been able to obtain these abandoned mines with the aim of using them to produce new wealth.
The company has already acquired 50 historic mines covering nearly 25,000 acres of Canadian mining country, making it the largest landowner in the country’s cobalt region. This provides a unique opportunity to bring meaningful cobalt production into North America, reducing the vulnerabilities to political and social unrest that have come with work in the DRC. And moving production closer to North American tech companies also provides the potential to reduce shipping, possibly providing cobalt more quickly and cost effectively for these companies.
First Cobalt has been quick to make the most of this opportunity. By combining a century of historic mining data with modern analytical techniques, it has quickly identified the most likely locations of cobalt deposits and moved to exploit them. The results of test drilling quickly produced positive results. Recent work near Kerr Lake (http://nnw.fm/fmjQ0) has discovered mineral deposits at least twice the size of those previously known to exist there. Through a vigorous strategy of expansion and exploration, First Cobalt has created one of the most valuable potential sources of cobalt in North America.
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 http://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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