The electric vehicle revolution is powered by cobalt. First Cobalt offers investors access to a North American pure-play 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.[1]

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

First Cobalt is a North American pure-play cobalt company whose flagship asset is the Iron Creek Cobalt Project in Idaho, USA. 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: 

  1. The Iron Creek Project in Idaho, which has Inferred mineral resources of 26.9 million tonnes grading 0.11% cobalt equivalent (Sept. 2018)
  2. The only permitted cobalt refinery in North America capable of producing battery materials
  3. 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.



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