What interests me even more is that First Cobalt says it's the only fully permitted cobalt refinery and battery cobalt facility in North America.
They reckon cobalt mines from 1000s of kms away will potentially send their ore for treatment there.
MEI is roughly 5km away from the facility.
Certainly not trying to sell First Cobalt (I do not hold them) but the prospect of toll treatment would potentially give MEI a real possibility of fast tracked production by way of toll treatment.
Our drilling will be telling. The general area seems to have produced around the 0.5% range - if MEI can meet or beat that then we're good!
MEI Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
