"Canada's First Cobalt, which has just bought another cobalt developer, is keen for more acquisitions to accelerate bringing on production to meet North American demand, a senior company official said.
"Frank Santaguida, First Cobalt's vice president for exploration, said on the sidelines of a Canadian mining conference in London the company was "absolutely" working on more deals.
"A pipeline of projects is what's necessary to really move forward and to continually assess the best things to develop," he said. "We're looking at smaller things in Idaho," he told Reuters in an interview. "It's about having prospects to look at."
"Santaguida estimated it would take a year or two to get its mothballed cobalt refinery running again."
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FCC has an attractive form of currency to buy Cobalt assets with - it's own scrip. This means modest but insistent dilutions and the constant possibility of capital raises for exploration.
Anticipate volatility, up up, down down. I think it will be worth it.
Ash
FCC Price at posting:
78.0¢ Sentiment: Buy Disclosure: Held
