First Cobalt Options 50 percent of Canadian Refinery with Cobalt One Limited – Investing News Network (press release) (registration) (blog)

First Cobalt Corp. (TSXV:FCC)(OTCQB:FTSSF) (the “Company”) is pleased to announce it has entered into an option agreement with Cobalt One Limited (ASX:CO1) to enter into a 50-50 joint venture on the Yukon cobalt extraction refinery in Cobalt, Ontario.

As quoted in the press release:

Trent Mell, President & Chief Executive Officer commented,

“The Yukon refinery and the 40 acres of permitted property can help us reduce the permitting timeline in a meaningful fashion for a future development project. We are very pleased to be partnering with Cobalt One, which was one of the first companies to identify the opportunity to revive this historic camp and is now one of the largest cobalt companies in the district.”

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