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First Cobalt Corp. CEO Trent Mell Featured on the Stock Day Podcast
Phoenix, Arizona--(Newsfile Corp. - August 7, 2019) - The Stock Day Podcast welcomed First Cob...
About this update from Electra Battery Materials Corp
[{"type":"text","content":"First Cobalt Corp. CEO Trent Mell Featured on the Stock Day PodcastPhoenix, Arizona--(Newsfile Corp. - August 7, 2019) - The Stock Day Podcast welcomed First Cobalt (OTCQX: FTSSF) (\"the Company\"), a Canadian-based pure-play cobalt company and owner of the only permitted primary cobalt refinery in North America. President and CEO, Trent Mell, joined Stock Day host Everett Jolly. To begin the interview, Jolly noted the Company's recent announcement of their partnership with Glencore and asked what this means for their future. Mell explained that this partnership will greatly improve their cash flow, by providing the Company with $5 million to continue the development of their current projects. \"Between now and the end of the calendar year, we'll complete a pre-feasibility study on a smaller start-up of 12 tons per day,\" shared Mell. He also explained that the Company will also complete a feasibility study for a 55 ton per day scenario, which will include in-depth engineering details. Jolly then inquired about the market for cobalt and its potential value to the Company. Mell shared that the cobalt market is small, but mainly serves the defense and industrial industries. However, cobalt has also become an increasingly popular component in batteries, especially when it comes to the expanding market of electric vehicles. Mell then elaborated on the partnership with Glencore. \"We're the only junior in the world that has a refinery that is permitted and ready-to-go,\" stated Mell, as he explained why the facility is of great value to their new partner. \"With Glencore we have a natural, synergistic partnership.\" he added. \"Together we're going to bring the first battery-grade cobalt material to the market.\"Jolly then asked Mell about the value that the cobalt market represents to investors. \"A smart investor gets in early,\" stated Mell. He explained that the cobalt industry is expected to see an increase in value starting in September, making it an ideal time to invest in this market. Mell then explained that the Company will primarily be focusing on their refinery given the partnership with Glencore, however their Iron Creek Cobalt Project will continue to be further developed once the Company's cash flow increases.To close the interview, Mell shared that the management team behind the Company has extensive experience, which...