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First Cobalt Comments on Unusual Market Activity
First Cobalt Comments on Unusual Market Activity Canada NewsWire TORONTO, July 9...
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[{"type":"text","content":"\n\n\n\nFirst Cobalt Comments on Unusual Market Activity\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, July 9, 2018\n\n\n\nTORONTO, July 9, 2018 /CNW/ - First Cobalt Corp. (TSX-V: FCC; ASX: FCC; OTCQX: FTSSF) (the \"Company\") reports that while it does not normally comment on market activity or market rumours, the Company feels it is appropriate to issue the following remarks in light of the unusual activity related to its common shares.\n\nFirst Cobalt reiterates that the fundamentals of its business have not deteriorated but rather, since completing the acquisition of US Cobalt, it believes they have improved. The Company is aware of no material events that would contribute to the unusual trading activity.\n\n\"We continue to execute our growth strategy, and our business is progressing as expected,\" commented Trent Mell, President and CEO. \"We are fully funded to complete the work program underway at the permitted First Cobalt Refinery complex, as well as our ongoing drill programs in both Ontario and Idaho. We remain encouraged by the results we have achieved to date as we continue to build a vertically integrated North American cobalt company.\"\n\nThe Company also states that certain officers and directors have been buying shares in the market over the past several weeks.\n\nAbout First Cobalt\n\nFirst Cobalt is a vertically integrated North America pure-play cobalt company. First Cobalt has three significant North American assets: the Iron Creek Project in Idaho, which has a historic mineral resource estimate (non-compliant with NI 43-101) of 1.3M tons grading 0.59% cobalt; the Canadian Cobalt Camp, with more than 50 past producing mines; and the only permitted cobalt refinery in North America capable of producing battery materials. \n\nOn behalf of First Cobalt Corp.\n\nTrent MellPresident & Chief Executive Officer \n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. \...