Company Updates From Management – Mon 15 Apr, 2019

First Cobalt – More Information On Moving Forward With The Only Refinery In North America

Last week First Cobalt (TSX.V:FCC & OTCQB:FTSSF) announced it had produced a battery grade cobalt sulfate at its fully owned refinery in North America. I brought on the President and CEO Trent Mel to discuss how the Company now now advance the refinery towards full production. We discuss the timeline to recommission the refinery and total estimated costs. Trent also points out that this is the only refinery in North America which could really set the company apart.

Click here to visit the First Cobalt website and learn more about this development.

If you have any follow up questions for Trent or I please email me at Fleck@kereport.com.

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Comments:
  1. On April 15, 2019 at 8:32 pm,
    Excelsior says:

    The US$18 Billion Electric-Car Bubble At Risk of Bursting in China

    Apr 14, 2019 – Bloomberg News

    There are now 486 EV manufacturers registered in China, more than triple the number from two years ago. While sales of passenger EVs are projected to reach a record 1.6 million units this year, that’s likely not enough to keep all those assembly lines humming, prompting warnings that the ballooning EV market could burst and leave behind only a few survivors.

    “We are going to see great waves sweeping away sand in the EV industry,’’ said Thomas Fang, a partner and strategy consultant at Roland Berger in Shanghai. “It is a critical moment that will decide life or death for EV startups.’’

    https://www.bnnbloomberg.ca/the-us-18-billion-electric-car-bubble-at-risk-of-bursting-in-china-1.1244235

  2. On April 15, 2019 at 8:45 pm,
    Excelsior says:

    Cobalt, Uranium and Silver prices expected to rally in 2019

    Frik Els | a day ago

    “A new report by FocusEconomics on the prospects of commodities this year and next paints a mixed picture. The survey of investment banks, institutions and research houses compiled by the Barcelona-based company has good news for long-suffering investors in uranium and silver, while those who burned fingers in the rise and fall of cobalt could also look forward to some relief.”

    http://www.mining.com/cobalt-uranium-silver-prices-expected-rally-2019/

    • On April 15, 2019 at 9:27 pm,
      Excelsior says:

      Zombies in the Land of Cobalt

      Peter Clausi | April 14, 2019

      “Our thesis is first, gold’s spike will renew interest in the mining sector generally, and second, the globe is facing a shortage of key minerals vital to drive the Green Revolution. The Green Revolution requires cobalt or there won’t be mass produced lithium-ion batteries. Without those batteries, there is no Green Revolution. If you think the world will produce more electric cars than last year, then be a cobalt investor.”

      https://investorintel.com/sectors/technology-metals/technology-metals-intel/zombies-in-the-land-of-cobalt/

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