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First Cobalt Corp. (TSX-V: FCC, ASX: FCC, OTCQB: FTSSF) (the “Company”) today announces the commencement of a metallurgical study to be conducted on a high grade inventory of refinery residue and crushed waste rock material located near the First Cobalt mill facility in the Canadian Cobalt Camp. This study is intended to advance the Company’s …
First Cobalt Corp. (TSX-V: FCC, ASX: FCC, OTCQB: FTSSF) (the “Company”) today announces the commencement of a metallurgical study to be conducted on a high grade inventory of refinery residue and crushed waste rock material located near the First Cobalt mill facility in the Canadian Cobalt Camp. This study is intended to advance the Company’s early cash flow strategy by assessing an optimal flow sheet for recovering cobalt and silver, as well as arsenic removal and stabilization.
As quoted in the press release:
“The results of this program will improve our understanding of processing options for materials from the Cobalt Camp. While we continue to advance our exploration strategy, another key strategic objective is to seize upon the opportunity to generate early cash flow from material left on surface from historic mining operations. This study is an important step toward our goal of producing cobalt battery materials in North America,” Trent Mell, President & Chief Executive Officer, commented.
