First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) Offers Potential North American Solution to Global Cobalt Supply Worries

Demand for cobalt in vehicle battery materials expected to grow more than 40 percent in 2018 Prices for cobalt metal hit their highest levels in 10 years in the first half of 2018, reaching over $90,000 per ton on the London Metal Exchange First Cobalt acquired 100 percent ownership of promising Idaho Iron Creek property, brought in additional drilling rigs Results expected soon from preliminary metallurgical work and maiden resource estimate from broad zones of cobalt-copper mineralization at Iron Creek Project

A tightening market and projected shortages of cobalt – a key battery metal used in everything from smartphones to electric vehicles, electronics and defense systems – is generating concern around the world, industry analysts report. Cobalt prices have tripled over the past two years, posing a threat to how quickly the electric vehicle market can grow in the near future, as noted in an article published by Bloomberg (http://nnw.fm/0UaC1). Additionally, concerns over the methods being used by the politically unstable Democratic Republic of the Congo, where 60 percent of the world’s cobalt is produced, remain a factor for many of the world’s largest consumers of cobalt.

Vertically integrated pure-play cobalt company First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) (ASX: FCC) has consciously and strategically placed its efforts into its North American assets such as the Iron Creek Project in Idaho and the Greater Cobalt Project in the…

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