FCC 9.38% 14.5¢ first cobalt corp.

FCC today agreed a share exchange taking over TSX listed US...

  1. 2,299 Posts.
    lightbulb Created with Sketch. 243
    FCC today agreed a share exchange taking over TSX listed US Cobalt Inc (USCO), valuing it at ~$C150m at current FCC share price.

    USCO brings:
    Idaho: Iron Creek Cobalt Project in the U.S. with a historic mineral
    resource estimate (non-compliant with NI 43-101) of 1.3M tons grading
    0.59% cobalt

    A fully-funded drilling campaign is underway to further define the resource.  USCO also has brine lithium projects in Utah and Alberta.

    https://www.bloomberg.com/press-rel...t-announces-friendly-acquisition-of-us-cobalt

    US Cobalt slides here:
    http://uscobaltinc.com/wp-content/uploads/2018/02/US-Cobalt-Deck-Mar-1-2018.pdf

    The transaction will make FCC a ~$C350m business with two key projects currently drilling and a permitted refinery.

    The reaction on TSX will tell us much.  It opens at midnight AEDST.

    Sure is an interesting ride.

    Ash
 
watchlist Created with Sketch. Add FCC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.