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28 May
14:04

COBALT: First Cobalt reports net loss, advances refinery plans

Canada-based First Cobalt reports that it is proceeding with due diligence with a leading financial institution to provide $45 million in debt financing for the company’s planned cobalt sulfate refinery in Ontario, Kallanish reports. The company remains on schedule to commission the enlarged and reopened refinery in October 2022, it says in a financial report on first quarter 2021. The refinery would be the only facility of its kind in North America and the …
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