Electra Battery Materials Corp.

First Cobalt Corp. today provided an update on the expansion and recommissioning of its low carbon footprint hydrometallurgical refinery north of Toronto. The Company remains on schedule to recommission the facility in the fourth quarter of 2022, at which time it will become the only refiner of battery-grade cobalt sulfate in North America and the second largest outside of China. Highlights Contract to construct the [...]

First Cobalt Corp. announced that it increased the size of its land position surrounding its Iron Creek Project in Idaho, USA by more than 100%. By acquiring mining claims to the west of its existing cobalt-copper project, the Company expanded its land package to over 1,600 hectares. Located in the Idaho Cobalt Belt, the Iron Creek Project is one of the few primary cobalt deposits in the world. The resource remains open [...]

First Cobalt Corp. today announced that it has been awarded funding from the US Department of Energy's Critical Materials Institute , an Energy Innovation Hub, for research on innovative mineral processing techniques for its Iron Creek copper-cobalt project in Idaho. This interdisciplinary, collaborative research effort will be conducted in conjunction with the Kroll Institute for Extractive Metallurgy at the Colorado [...]

First Cobalt Corp. reported its financial results for the year ended December 31, 2020. The Company closed 2020 making significant progress against its vision to produce the most sustainable battery materials and entered 2021 poised for growth and execution. 2020 in Review The 2020 fiscal year was a turning point in the history of First Cobalt, as the focus shifted from mineral exploration to near-term cash flow from our [...]

First Cobalt Corp. today announced the appointment of Michael Insulan as Vice-President, Commercial. In this capacity, Michael will have overall responsibility for marketing of the Company's refined cobalt sulfate production to electric vehicle manufacturers and battery cell makers. He will also be responsible for marketing recycled cobalt, nickel, lithium and other battery materials produced by First Cobalt Canadian [...]

First Cobalt Corp. is pleased to announce that it has entered into an exclusivity agreement with a leading financial institution for US$45 million in debt financing to fund the capital cost relating to the recommissioning and expansion of the First Cobalt Refinery. The exclusivity period provides the basis for which the Lender will complete its remaining due diligence requirements prior to the negotiation of definitive [...]

First Cobalt Corp. today announced that it signed a flexible, long-term, offtake agreement with Stratton Metal Resources Limited for the sale of future cobalt sulfate production from the First Cobalt Refinery located in Ontario, Canada. Highlights First Cobalt will have the option to sell up to 100% of its annual cobalt sulfate production to Stratton Metals once its refinery is in production. Quantities will be determined [...]

First Cobalt Corp. ; today announced that it has entered into a loan amendment agreement with Glencore AG on March 25, 2021 to repay an existing loan of approximately US$5.5 million of debt by issuing common shares of the Company. The common shares to be issued to Glencore in connection with the repayment of the loan represents approximately 4.8% of the current outstanding shares of First Cobalt. In August 2019, First [...]

First Cobalt Corp. is pleased to announce that it has received a further $1.92 million in cash proceeds from warrants subsequent to an acceleration notice provided to holders on February 23, 2021. Under the terms of the warrants issued as part of the Company's March 2019 and February 2020 private placements, the Company provided holders with notice of its election to accelerate the expiry date of the warrants to March 15 [...]

First Cobalt Corp. is pleased to announce that it has completed its transaction with Kuya Silver Corporation to sell a portion of its exploration assets in the Canadian Cobalt Camp and form a joint venture to advance the remaining mineral assets. Kuya has acquired a 100% interest in the properties located in the historic Kerr silver district along with an option to earn a 70% interest in the remainder of First Cobalt's [...]