Followers | 37 |
Posts | 4190 |
Boards Moderated | 0 |
Alias Born | 10/18/2016 |
Monday, November 20, 2017 10:13:24 AM
Cobalt exploration and development company, First Cobalt (TSX.V: FCC) (OTCQB: FTSSF), this morning announced that the company’s proposed merger has been overwhelmingly approved by Cobalt One Ltd. (ASX: CO1) shareholders with 99.995% of votes cast in favor of the deal. The combined company’s portfolio will consist of high quality exploration assets in the Cobalt Camp in Canada as well as the sole permitted cobalt refinery in North America designed to produce battery materials. Upon completion of the merger, First Cobalt’s board of directors will be reconstructed to include First Cobalt founder Bob Cross, Cobalt One chairman Paul Matysek and Cobalt One Executive Director Jason Bontempo. The merger has been granted Australian court approval and trading of Cobalt One shares on the ASX is expected to stop as of November 21, 2017, pending the close of the transaction. Subject to regulatory approval, First Cobalt is expected to trade on the ASX under the ticker FCC on a deferred settlement basis effective November 22, 2017. “We are one step closer to creating the largest pure play cobalt company in the world. We look forward to seeing First Cobalt shares trade on the ASX, as this dual listing will bring a much larger shareholder base and added liquidity,” First Cobalt president and chief executive officer Trent Mell stated in the news release.
To view the full press release, visit http://nnw.fm/n8whP
About First Cobalt
First Cobalt’s objective is to create the largest pure-play cobalt exploration and development company in the world. Upon completion of the mergers with Cobalt One Ltd. and CobalTech Mining Inc., First Cobalt will control over 10,000 hectares of prospective land and 50 historic mining operations in the Cobalt Camp in Ontario, Canada as well as a mill and a permitted refinery facility. For more information, visit www.FirstCobalt.com.
Recent ELBM News
- Electra and Three Fires Group Announce Aki Battery Recycling Joint Venture • GlobeNewswire Inc. • 09/18/2024 11:30:46 AM
- Electra Announces $20 Million Strategic Investment Proposal • GlobeNewswire Inc. • 09/10/2024 11:30:00 AM
- Electra to Discuss Partnership Opportunities at Indonesian Critical Minerals Summit • GlobeNewswire Inc. • 08/30/2024 11:30:00 AM
- Electra Engages Altitude Capital Consultants • GlobeNewswire Inc. • 08/29/2024 11:30:00 AM
- Berkshire Reduces Stake in BofA, Hawaiian Airlines Soars 10%, Paramount Receives $4.3B Offer, and More • IH Market News • 08/20/2024 09:56:02 AM
- Electra Awarded $20 Million from U.S. Department of Defense Under the Defense Production Act • Business Wire • 08/19/2024 06:34:00 PM
- Electra Announces Agreement Regarding Outstanding Convertible Notes Interest and Filing of Second Quarter 2024 Financial Reports • Business Wire • 08/14/2024 08:40:00 PM
- Electra Announces Voting Results of its 2024 Annual Meeting of Shareholders • Business Wire • 08/13/2024 08:35:00 PM
- Electra Identifies New Copper Showing in Idaho and Extends Redcastle Agreement • Business Wire • 07/25/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 06/10/2024 04:09:36 PM
- Electra Awarded $5 Million from Government of Canada to Advance Development of Proprietary Battery Metals Recycling Technology • Business Wire • 06/10/2024 03:43:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/30/2024 06:04:14 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/23/2024 11:43:10 AM
- Electra Files First Quarter 2024 Financial Reports • Business Wire • 05/22/2024 11:00:00 AM
- Electra Provides Refinery Update and Files 2023 Financial Reports • Business Wire • 05/13/2024 11:00:00 AM
- Electra and Eurasian Resources Group Sign Cobalt Supply Agreement • Business Wire • 04/02/2024 11:00:00 AM
- Electra Receives Extension from NASDAQ to Resolve Minimum Price Requirement • Business Wire • 03/21/2024 08:40:00 PM
- Electra Provides Corporate Update • Business Wire • 03/13/2024 11:00:00 AM
- Electra Provides Corporate Update • Business Wire • 02/27/2024 11:26:00 PM
- Electra Participating in Upcoming North American Critical Minerals Industry & Investment Events • Business Wire • 02/24/2024 01:00:00 PM
- Electra Provides Corporate Update • Business Wire • 02/13/2024 12:23:00 AM
- Electra Receives $5 Million Grant from Government of Canada to Support the Development of the North American Electric Vehicle Supply Chain • Business Wire • 02/09/2024 08:10:00 PM
- Electra Provides Update on Black Mass Recycling • Business Wire • 02/05/2024 12:00:00 PM
- Electra Appoints Heather Smiles as Vice President, Investor Relations & Corporate Development • Business Wire • 01/15/2024 12:00:00 PM
- Electra Appoints 30-year Finance Veteran as CFO and Provides Financing Update • Business Wire • 12/29/2023 01:13:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM