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The Markets
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First Cobalt signs long term offtake agreement while also announcing construction financing

First Cobalt signs long term offtake agreement while also announcing construction financing

First Cobalt Corp (CVE: FCC-OTCQX: FTSSF) CEO Trent Mell joined Steve Darling from Proactive with news the company agreed to a flexible, long-term, offtake agreement with Stratton Metal Resources for the sale of future cobalt sulphate production from the First Cobalt Refinery.

Mell also telling Proactive the company has entered into an exclusivity agreement with a leading financial institution for 45 million in debt financing to fund the capital cost relating to the recommissioning and expansion of the First Cobalt Refinery.

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by Proactive
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