NetworkNewsBreaks – First Cobalt Corp.’s (TSX.V: FCC) (OTCQX: FTSSF) Iron Creek Project Holds Advantageous Location
First Cobalt (TSX.V: FCC) (OTCQX: FTSSF) (ASX: FCC), a vertically integrated North American pure-play cobalt company, holds a strategic geographical advantage with its Iron Creek Project as cobalt demand is estimated to rise along with the increase of electric vehicle (“EV”) popularity. A recent article discussing the company reads, “First Cobalt’s Iron Creek Project is located close to the U.S. automotive industries in California and Michigan, which means that it could play a major role in the cobalt supply chain as electric vehicle output rises. Global sales of electric vehicles are projected to grow at a CAGR of 32.57 percent, from 1.50 million units in 2018 to 10.79 million units by 2025, driven by a number of factors. These include worldwide government support in the form of subsidies, grants and tax rebates; charging facilities with improved capability; the increasing range of EVs; and a general reduction in battery costs. The U.S. currently commands a mere two percent of the global market, but its share is expected to rise to 14 percent by 2025.”
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First Cobalt (TSX.V: FCC) (OTCQX: FTSSF) (ASX: FCC), a vertically integrated North American pure-play cobalt company, holds a strategic geographical advantage with its Iron Creek Project as cobalt demand is estimated to rise along with the increase of electric vehicle (“EV”) popularity. A recent article discussing the company reads, “First Cobalt’s Iron Creek Project is located close to the U.S. automotive industries in California and Michigan, which means that it could play a major role in the cobalt supply chain as electric vehicle output rises. Global sales of electric vehicles are projected to grow at a CAGR of 32.57 percent, from 1.50 million units in 2018 to 10.79 million units by 2025, driven by a number of factors. These include worldwide government support in the form of subsidies, grants and tax rebates; charging facilities with improved capability; the increasing range of EVs; and a general reduction in battery costs. The U.S. currently commands a mere two percent of the global market, but its share is expected to rise to 14 percent by 2025.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
