The corporate says the refinery will be capable to produce both cobalt sulphate for the lithium-ion battery market or cobalt metallic for industrial, army or aerospace industries. The plant will produce 25,000 tonnes of cobalt sulphate per 12 months, an quantity equal to five% of all cobalt produced across the globe.
First Cobalt can be engaged in a number of cobalt exploration initiatives. The North, Central and South initiatives close to Cobalt, Ontario, host historic silver-cobalt producers. A technical report on these properties was accomplished in 2018.
Additionally of curiosity is the Iron Creek cobalt undertaking in Lemhi County, Idaho. First Cobalt drilled the property and produced a useful resource estimate in 2019 that pegged indicated sources at 2.2 million tonnes grading 0.26% cobalt and 0.61% copper. Inferred sources add 2.7 million tonnes at 0.22% cobalt and 0.68% copper. Materials from this supply could also be handled on the refinery in Canada.
(This text first appeared in The Northern Miner)