ENERGY MINERALS

First Cobalt shores up Glencore support for restart

First Cobalt Corp (TSXV: FCC) says it has locked in a term sheet outlining a framework for a US$45 million investment by Glencore, which could see a fully-funded restart of the junior’s cobalt refinery in Ontario within a year.

Staff reporter
 First Cobalt says there is potential for a fully-funded restart of its Ontario refinery within a year

First Cobalt says there is potential for a fully-funded restart of its Ontario refinery within a year

The progress comes as First Cobalt is separately trying to derail a merger between eCobalt Solutions (TSX: ECS) and Jervois Mining (ASX: JRV), with the pair's shareholders set to vote within days on creating...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.