NetworkNewsBreaks – First Cobalt Corp. (TSX.V: F
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Cobalt exploration and development company First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) this morning announced its commencement of a metallurgical study to be conducted on high grade inventory of refinery residue and crushed waste rock material located near the First Cobalt mill facility in the Canadian Cobalt Camp. Per the update, the aim of this study is to advance First Cobalt’s early cash flow strategy by assessing an optimal flow sheet for recovering cobalt and silver, as well as arsenic removal and stabilization. “The results of this program will improve our understanding of processing options for materials from the Cobalt Camp,” Trent Mell, president and CEO of First Cobalt, stated in the news release. “While we continue to advance our exploration strategy, another key strategic objective is to seize upon the opportunity to generate early cash flow from material left on surface from historic mining operations. This study is an important step toward our goal of producing cobalt battery materials in North America.”
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