FTSSF - First Cobalt plans specialist EV battery materials facility in North America

First Cobalt (OTCQX:FTSSF) says it is expanding its strategic plan to provide battery grade nickel and cobalt, recycled battery materials and precursor material, with the aim of creating the first facility in North America dedicated specifically to electric vehicle battery materials. First Cobalt plans to change its name to Electra Battery Materials, pending shareholder approval. The company says it is expanding a permitted hydrometallurgical refinery north of Toronto to produce 5K metric tons of cobalt starting in Q4 2022. The company also has been testing black mass feeds from recycled batteries and will announce results from test work and engineering studies in the coming weeks. "Our automaker clients have a strong interest in greater localization of the upstream supply chain to achieve greater reliability, security of long-term supply, and a lower carbon footprint," President and CEO Trent Mell says. In August, First Cobalt arranged a $45M financing package for construction of

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First Cobalt plans specialist EV battery materials facility in North America