NetworkNewsBreaks – First Cobalt Corp. (TSX.V: F
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Posted On: 04/10/2018 6:16:31 PM
NetworkNewsBreaks – First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) Reinforces Status as Provider of Clean, Conflict-free Cobalt
Cobalt exploration and development company First Cobalt (TSX.V: FCC) (OTCQB: FTSSF) recently acquired US Cobalt Inc. (TSX.V: USCO) (OTCQB: USCFF), further strengthening its position as a leading cobalt company in North America. An article discussing the acquisition reads: “With this transaction, First Cobalt will further cement its position as a potential provider of clean, conflict-free cobalt. The global demand for cobalt has been growing exponentially lately as a result of the rapid development of the electric vehicle industry, which relies heavily on lithium-ion batteries that include cobalt. The same types of batteries are also used in popular electronic devices such as smartphones, laptops and tablets. The world’s leading provider of cobalt is the Democratic Republic of the Congo (DRC), but mining sites in the African nation remain highly controversial because of the use of child labor and other destructive practices. … The US Cobalt acquisition will help First Cobalt increase its output and position itself strategically as a leading non-DRC cobalt company, with mining assets located close to infrastructure and major technology and electric vehicle manufacturing hubs such as California and Michigan.”
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Cobalt exploration and development company First Cobalt (TSX.V: FCC) (OTCQB: FTSSF) recently acquired US Cobalt Inc. (TSX.V: USCO) (OTCQB: USCFF), further strengthening its position as a leading cobalt company in North America. An article discussing the acquisition reads: “With this transaction, First Cobalt will further cement its position as a potential provider of clean, conflict-free cobalt. The global demand for cobalt has been growing exponentially lately as a result of the rapid development of the electric vehicle industry, which relies heavily on lithium-ion batteries that include cobalt. The same types of batteries are also used in popular electronic devices such as smartphones, laptops and tablets. The world’s leading provider of cobalt is the Democratic Republic of the Congo (DRC), but mining sites in the African nation remain highly controversial because of the use of child labor and other destructive practices. … The US Cobalt acquisition will help First Cobalt increase its output and position itself strategically as a leading non-DRC cobalt company, with mining assets located close to infrastructure and major technology and electric vehicle manufacturing hubs such as California and Michigan.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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