2017-12-01· "Rather than mining ore that's 2 percent cobalt, you're mining a battery that has 100 percent cobalt in it." Innovators like him have made so much progress that the likes of Tesla Inc. and ...
Cobalt is a dynamic community nestled in the heart of the Pre-Cambrian Shield. Named Ontario's Most Historic Town and a Parks Canada National Historic Site, Cobalt enjoys all of the services of much larger communities in a relaxed lifestyle.
First Cobalt's flagship asset is the Iron Creek Cobalt Project in Idaho, USA, which has Inferred mineral resources of 26.9 million tonnes grading 0.11% cobalt equivalent*. The Company's other assets include 50 past-producing mines in the Canadian Cobalt Camp and the only permitted cobalt refinery in North America capable of producing battery materials.
The town of Cobalt itself sprang into existence on the bare rock in the middle of the mining area. It grew entirely without planning, and wherever a flat outcropping big enough to support a building could be found, there was the site of a miner's home.
The Democratic Republic of the Congo (DRC) is attempting to increase revenue from the 270% surge in cobalt prices in the last year by raising taxes on the metal five-fold.Foreign governments and corporations who benefit from lower cobalt prices have protested the tax hike.
The green energy movement has sparked a new phase of exploration in a corner of northwestern Ontario. A handful of mining exploration companies are actively probing the granite rocks between Kenora and Sioux Lookout in searching for rare earth elements and rare metal mineralization. Even cobalt is
Environmental Legacy. In addition to this important historical legacy, the mining activities in Cobalt have also left an environmental legacy. Millions of tons of mine waste rock and mill tailings were dumped on the land and in local lakes.