First Cobalt exits volatile DRC in favour of mining friendly Ontario Cobalt Camp

TSX-V-listed First Cobalt will not complete a strategic alliance over seven cobalt exploration properties close to several major copper/cobalt operations in the Democratic Republic of Congo's (DRC's) Central African Copperbelt. The Toronto-headquartered company announced on Monday that it would instead focus its efforts in 2017 on the Canadian Cobalt Camp, in Ontario, where it is in the process of consolidating a large land package.