First Cobalt on the rise as it consolidates cobalt exploration portfolio

Toronto-based First Cobalt (FCC) has positioned itself to become the world’s largest cobalt exploration company under pending deals to merge with ASX-listed Cobalt One and acquire fellow TSX-V-listed CobalTech Mining. Based on FCC's C$30-million market cap, plus the market caps of Cobalt One (C$54.6-million) and CobalTech (C$11.56-million), FCC's market cap would be nearly C$100-million when the deals are completed. When completed, the deals will consolidate the Cobalt, Ontario mining camp under FCC and give the company control of about 10 000 ha for cobalt exploration and mining. FCC’s pathway to production is enhanced with this large land package and the company’s control of a mill and a refinery and with permitting in place.