More exciting tidings came down the pipeline Wednesday, as Toronto-based First Cobalt Corp (TSX-Venture:FCC), which told the world it has successfully produced a battery-grade cobalt sulfate using the First Cobalt Refinery flowsheet. This significant milestone brings FCC closer to re-commissioning the only permitted primary cobalt refinery in North America.
With this information, discussions can turn more serious with automotive companies, cobalt miners and capital providers.
Among the meaty information supplied in Wednesday’s news release, the product assayed 20.8% cobalt, surpassing the reference grade for sulfate pricing.
The product achieved 99.9% purity, classifying as "high purity. Potential to produce up to 2,000 tonnes of cobalt in product per annum.
Shares of FCC climbed seven cents, or 45.1%, by midday Wednesday, to 22.5 cents, on Alpine volume of 6.1 million shares.
