Electra Battery Materials Corp (ELBM)

[unit36]

Seeking alpha


First Cobalt (OTCQX:FTSSF +15.2%) jumps after saying drilling in the Canadian Cobalt Camp in Ontario identified a second cobalt mineralization trend within the Kerr area extending over a 500-meter strike length.

First Cobalt reports finding several mineralized intervals near the Drummond and Kerr Lake mines containing multiple closely spaced cobalt-silver veins.

President and CEO Trent Mell says the company is reallocating a larger portion of its 2018 exploration budget to the Kerr area despite having many prospective targets; results from nine drill holes are pending and additional drilling is planned.