The owner of a mothballed northeastern Ontario cobalt refinery signed a tentative deal with Glencore to receive raw material to its Sudbury and Rouyn-Noranda, Quebec mines. First Cobalt announced May 21, 2019 that it has a memorandum of understanding with Glencore AG to receive unprocessed cobalt and an undisclosed amount of money – through a loan – to help restart the former Yukon refinery on the outskirts of the town of Cobalt. The Toronto-based cobalt processor and mine developer wants to position the refinery as a toll milling operation, receiving cobalt from around the world READ HERE
Comments are closed.