NetworkNewsBreaks – First Cobalt Corp. (TSX.V: F
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Posted On: 04/25/2018 7:45:34 PM
NetworkNewsBreaks – First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) Highlighted in Update Detailing US Cobalt Drill Results
Cobalt exploration and development company First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) was this morning included in a news release issued by US Cobalt Inc. (TSX.V: USCO) (OTCQB: USCFF) detailing results from the final four surface core holes drilled during 2017 at the Iron Creek project in Idaho. The two companies announced a friendly merger on March 14, 2018, which remains subject to regulatory approval. If approved, the transaction is expected to position First Cobalt as a leading non-DRC cobalt company with three significant North American assets: the Canadian Cobalt Camp, with more than 50 past producing mines; the Iron Creek Project in Idaho, which has a historic mineral resource estimate of 1.3 million tons grading 0.59 percent cobalt; and the only permitted cobalt refinery in North America capable of producing battery materials. “We are excited to have set the May 17th shareholder meeting date pursuant to our previously announced transaction with First Cobalt Corp.,” Wayne Tisdale, president and CEO of US Cobalt, stated in the news release. “Management fully supports this transaction which is intended to strengthen and de-risk both company’s assets by strategically positioning the combined entity as a leading vertically integrated, non-DRC cobalt company.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Cobalt exploration and development company First Cobalt Corp. (TSX.V: FCC) (OTCQB: FTSSF) was this morning included in a news release issued by US Cobalt Inc. (TSX.V: USCO) (OTCQB: USCFF) detailing results from the final four surface core holes drilled during 2017 at the Iron Creek project in Idaho. The two companies announced a friendly merger on March 14, 2018, which remains subject to regulatory approval. If approved, the transaction is expected to position First Cobalt as a leading non-DRC cobalt company with three significant North American assets: the Canadian Cobalt Camp, with more than 50 past producing mines; the Iron Creek Project in Idaho, which has a historic mineral resource estimate of 1.3 million tons grading 0.59 percent cobalt; and the only permitted cobalt refinery in North America capable of producing battery materials. “We are excited to have set the May 17th shareholder meeting date pursuant to our previously announced transaction with First Cobalt Corp.,” Wayne Tisdale, president and CEO of US Cobalt, stated in the news release. “Management fully supports this transaction which is intended to strengthen and de-risk both company’s assets by strategically positioning the combined entity as a leading vertically integrated, non-DRC cobalt company.”
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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