First Cobalt

Website: www.firstcobalt.com
Primary ticker: TSXV:FCC, OTCQX:FTSSF
Stage of development: Development, Production
Commodity: Cobalt
Project to promote: First Cobalt Refinery

Live financials

First Cobalt is a Canadian-based pure-play cobalt company and owner of the only permitted primary cobalt refinery in North America. The Company is exploring a restart of the First Cobalt Refinery in Ontario, Canada, which could produce 5,000 tonnes of cobalt sulfate or metallic cobalt per year. First Cobalt’s main cobalt project is the Iron Creek Cobalt Project in Idaho, USA, which has Inferred mineral resource estimate.

Management Profile

Trent Mell – President & CEO

Trent Mell has 20 years of mining experience. He has worked with Barrick Gold, where he was part of the team that completed a US$10.4 billion hostile takeover of Placer Dome. Trent also worked with nickel-cobalt producer Sherritt International, North American Palladium and AuRico Gold, where he led an all-cash US$750 million sale of the Ocampo Gold Mine at the peak of the gold market in 2012. He was also CEO of Falco Resources, owner of the Horne 5 Project before building a mining investment banking team with PearTree Securities. In the first year, his team increased deal flow by 140%, becoming the largest provider of flow-through capital to the Canadian resource industry.


What is your rationale for attending 121 Mining Investment?

Raise awareness of near term cash flow from the Refinery


What recent news would you like to highlight to investors attending?

Strategic partnership with Glencore for a fully-funded, non-dilutive expansion of the First Cobalt Refinery


What are your key goals for the next 3, 6 and 12 months?

3 Months:

Reposition the story around the refinery

6 Months:

Add new retail investors (incl. brokers, family offices)

12 Months:

Meaningful share price appreciation


What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Commodity price, trade war


In a sentence, what do you think makes your company such a compelling investment?

Cash flow potential by late 2020 with fully funded capex