The company says the refinery successfully leached 98% of the metal from the cobalt hydroxide with head grades in excess of 20% cobalt.
First Cobalt Corp. Mining News
Refinery could be working in 1-to-2 years' time.
The blended company will have projects in Ontario and Idaho which, once in operations, could be major cobalt suppliers for EVs makers and high tech firms.
The company is redeveloping the Keely-Frontier mine, a high-grade mine that produced over 3.3 million pounds of cobalt.