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First Cobalt secures C$10m public funding for refinery

Dec 16, 2020

Source: https://www.mining.com/first-cobalt-secures-public-funding-for-refinery/

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First Cobalt currently owns the only fully permitted cobalt refinery capable of producing battery-grade material in North America. Credit: First Cobalt Corp.

First Cobalt Corp. (TSXV: FCC) announced Wednesday that it has secured C$10 million in government loans and grants, allowing the company to accelerate the startup and expansion of its cobalt refinery in Ontario.

Under the funding agreements, the Canadian government will provide a C$5 million interest-free loan to First Cobalt, while the Ontario government will give the company a C$5 million non-repayable grant.

Original Text (This is the original text for your reference.)

First Cobalt currently owns the only fully permitted cobalt refinery capable of producing battery-grade material in North America. Credit: First Cobalt Corp.

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