Electra Battery Materials Corp (ELBM)

[ComstockRoyalty]

NEWS at $FTSSF - 2 Pieces Worth Noting #1 Refinery #2 Past Producing Location...Location Location in a town called "Cobalt" is a clue.

#1 Refinery News https://firstcobalt.com/2017/first-cobalt-options-50-canadian-refinery-cobalt-one-limited/

(June 1, 2017) – First Cobalt Corp. (TSX-V: FCC, OTC: FTSSF) (the “Company”) is pleased to announce it has entered into an option agreement with Cobalt One Limited (ASX: CO1) to enter into a 50-50 joint venture on the Yukon cobalt extraction refinery in Cobalt, Ontario.

Highlights

Agreement provides First Cobalt access to a refinery and 40 acres of permitted property capable of processing the silver-cobalt arsenide concentrates historically produced in the Cobalt, Ontario mining camp
Tailings disposal area is expandable to 2-3 times larger under existing permits
Refinery is one of only four fully permitted facilities in Canada capable of treating this type of ore and the only such facility in this mining camp
Strategic partnership with Cobalt One, which shares First Cobalt’s vision for bulk mining in the Cobalt camp, provides access to a site capable of processing material from the historic Keeley-Frontier mine

Trent Mell, President & Chief Executive Officer commented,

---> “The Yukon refinery and the 40 acres of permitted property can help us reduce the permitting timeline in a meaningful fashion for a future development project. We are very pleased to be partnering with Cobalt One, which was one of the first companies to identify the opportunity to -->>>> revive this historic camp and is now one of the largest cobalt companies in the district.”
--------------------------------------------------------------------

#2 First Cobalt’s vision for the property is to revisit the historic camp, which has not seen meaningful exploration activity in more than 75 years, and evaluate the opportunity to use modern bulk mining techniques to revive the camp.

The Keeley and Frontier Mines were originally developed and operated as separate mines and eventually integrated in 1961. From 1908 to 1965, the Keeley-Frontier Mine produced a total of over 3.3 million pounds of cobalt at a recovered grade of 0.5% and 19.1 million ounces of silver at a recovered grade of 58 ounces per tonne using these reported production numbers. Most of the production occurred between 1922 and 1931. The Company acquired a 100% option over the property in March of 2017.

The neighbouring towns of Silver Centre and Cobalt, Ontario were historically the most prolific cobalt jurisdictions in Canada and the largest silver producers worldwide. It is estimated that from 1904 to 1985 these two mining camps combined produced 50 million pounds of cobalt and 600 million ounces of silver from 70 different mines. https://firstcobalt.com/2017/first-cobalt-surface-sampling-tests-keeley-frontier-disseminated-cobalt/

Do Your DD.