First Cobalt acquired the refinery in 2017 and wants to position it as a toll milling operation, processing cobalt hydroxide from global producers. The company said they have the only permitted facility in North America capable of extracting cobalt to produce battery-grade material. They’re considering production of a finished cobalt sulphate product for the lithium-ion battery market or cobalt metal used in the aerospace sector. In early April, the refinery’s production process was simulated at SGS Canada’s Lakefield lab. From that, First Cobalt concluded that cobalt hydroxide will be their preferred feed stock. Ausenco will analyze various production scenarios using that material READ HERE
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