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First Cobalt Produces Battery Grade Cobalt Sulfate
First Cobalt Produces Battery Grade Cobalt Sulfate Canada NewsWire TORONTO, Marc...
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[{"type":"text","content":"\n\n\n\nFirst Cobalt Produces Battery Grade Cobalt Sulfate\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, March 30, 2020\n\n\n\nTORONTO, March 30, 2020 /CNW/ - First Cobalt Corp. (TSX-V:FCC, OTCQX:FTSSF) (the \"Company\") today announced it once again produced a battery grade cobalt sulfate using its refinery flow sheet but this time with a different feed source. This latest milestone demonstrates versatility of the Company's permitted Canadian refinery and its ability to become North America's only producer of cobalt sulfate for the electric vehicle industry.\nHIGHLIGHTS\nSecond trial produces battery grade cobalt sulfate assaying 21.4% cobalt, surpassing the reference grade for sulfate pricing Over 99.9% purity achieved in batch testing, with ample opportunity to improve product specifications to meet offtake partner requirements through process adjustments Ability to treat different feedstocks underlines flowsheet versatility of the permitted hydrometallurgical facility Definitive Feasibility Study in final stages with completion now anticipated in one monthTrent Mell, First Cobalt President & CEO, commented:\n\"This is an excellent result. There were no surprises from this latest round of metallurgical testing and the few impurities remaining in the cobalt sulfate product were in line with expectations given the test process we followed. Once we have settled on buyers for the product, we are confident that we can make a sulfate product that will meet the quality requirements of their batteries.\nEconomic uncertainty due to COVID-19 is not expected to have a lasting impact on the Company's strategic plans, as we do not intend to rely on equity markets to finance our refinery expansion. The transition from internal combustion engines to EVs will continue, with cobalt a key ingredient for the batteries we need for a clean future. First Cobalt's strategy and our partnership with Glencore will put us at the center of this transition for the North American and European markets.\"\nSGS Canada was engaged to assess the suitability of cob...