NEW YORK, Oct. 18, 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) (OTC: FTSSF), a client of NNW and a vertically integrated North American pure-play cobalt company.
To view the full publication, titled “Cobalt’s Importance Underscored by Critical Minerals Listing, Rising EV Sales,” visit: http://nnw.fm/xIy5N
First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) adopted the Responsible Cobalt Initiative in 2017 and is intently developing North American-based cobalt resources. From raw product to refined chemicals, First Cobalt is rapidly building an economically and politically secure North American cobalt company.
The company owns three substantial North American assets. First Cobalt’s flagship asset, Iron Creek Cobalt Project in Idaho, has an exceptionally promising inferred mineral resource estimate of 29.6 million tons grading 0.11 percent cobalt equivalent. In fact, the company announced the outstanding results of its first NI 43-101 Mineral Resource Estimate for the 100 percent-owned property in September, stating the site contains 45 million pounds (20,411 metric tons) of cobalt and 175 million pounds (79,379 metric tons) of copper for 62.9 million pounds (28,528 metric tons) of cobalt equivalent. In addition, First Cobalt owns an immense land package composed of 50 past-producing mines in the renowned Canadian Cobalt Camp – an area in Ontario thought to be a cobalt trove and ripe for revival.
About First Cobalt Corp.
First Cobalt is a vertically integrated North American pure-play cobalt company. First Cobalt has three significant North American assets: the Iron Creek Project in Idaho, the Canadian Cobalt Camp and the only permitted cobalt refinery in North America capable of producing battery materials. For more information, visit http://nnw.fm/FTSSF
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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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