The electric vehicle revolution is powered by cobalt. First Cobalt offers investors a vertically integrated North American cobalt company. Our strategy is to explore, develop and refine cobalt material in North America for sale back into the American EV market.
Why Invest in Cobalt
Cobalt is a hard, lustrous metal with high energy density, low thermal conductivity. Cobalt is used in certain rechargeable lithium-ion battery electrodes, specifically within the cathode, to provide stability and prolonged battery life.
Assuming a mere 10% of the 2026 NCM cathode market adopts the 811 chemistry, battery grade cobalt output, which was nearly 50,000 tpa in 2017, will have to increase to 205,000 tpa to meet the cobalt demands of the entire battery industry.
Over 90% of the world’s cobalt is currently mined as a by-product of copper or nickel operations. Our vision at First Cobalt is to become the largest primary cobalt producer outside the DRC and the most attractive cobalt stock on the market.
Why First Cobalt
As a vertically integrated North American cobalt company, our strategy at First Cobalt is to explore, develop and refine material in North America for sale back into the American battery market. We are focused on three strategic assets to execute on this strategy:
- The Iron Creek Project in Idaho, which has a historic mineral resource estimate (non-compliant with NI 43-101) and a compliant maiden resource estimate expected by October 2018
- The only permitted cobalt refinery in North America capable of producing battery materials
- The Greater Cobalt Project in the Canadian Cobalt Camp, with more than 50 past producing mines.
With a strong balance sheet, we are fully funded to complete the 2018 exploration programs with metallurgical and processing studies underway. Our Board and Management teams are a diverse group of experienced mine-builders, mine-operators, financiers and company-makers, positioning First Cobalt to be at the forefront of the cobalt-driven battery movement in the coming years.