FCC First Cobalt Corp

NetworkNewsAudio, via NetworkNewsWire (“NNW”), a multifaceted financial news and publishing company that delivers a new generation of social communication solutions for business, today announces the online availability of its interview with First Cobalt Corp. (TSX.V:FCC) (OTCQB:FTSSF), a client of NNW focused on creating the largest pure-play cobalt exploration and development company in the world.

The interview can be heard at https://www.networknewswire.com/networknewsaudio/first-cobalt-corp-interview/

NNW’s Stuart Smith introduces Trent Mell, president and CEO of First Cobalt Corp., in an interview that highlights the company’s position in a growing market and provides insight into several strategies underway for continued success. The interview begins with the business model and its genesis in March of 2017 to meet the growing demand for cobalt that is far outpacing supply.

Mell reviews the drivers of demand for the commodity, specifically as a key component for the creation of lithium-ion batteries. He clarifies that there is not enough cobalt currently available in the world, and that most of the current supply is from Congo, indicating that the company was created to “hunt for cobalt, which is something that, as an industry, we have never really done.” Mell further stated that, with the ample supply of junior miners, First Cobalt’s team was created with a deliberate focus to secure industry talent and expertise. The company has done just that, securing a team with extensive, decades-long experience and specific expertise in base-metal exploration.

Speaking of 2017, Mell indicated that it was a remarkable year in a time that cobalt was “the top performing metal.” He noted that there were approximately 70 upstarts in the market, and that First Cobalt’s strategy was to “get big fast,” through raising capital, securing assets and attracting investor interest.

“In the space of 10 months, we’ve become the largest exploration company in the cobalt space in the world, as measured by market cap,” said Mell, clarifying the company’s quick surge in shareholder value that boosted the company’s stock price from CA $.40 to CA $1.08 and market cap from CA $20 million to CA $250 million in a short amount of time. He further clarified that 2017 was about “putting the land package together” and confirmed the company’s accomplishment in acquiring approximately half of the Canadian Cobalt Camp, which has historical production of silver and cobalt, high-grade silver veins, and great accessibility and infrastructure within a historic mining district.

In discussion of the company’s goals and strategies for 2018 and moving forward, Mell emphasized the company’s early success and proof of concept through initial exploration projects.

“We have about 13 different targets that we are hitting. Thus far, three of the targets are showing some interesting cobalt mineralization, and we are just getting started,” Mell said. “So I believe this year is going to be a lot about success on the exploration front.”

Speaking of additional strategies, he indicated that the company has had some early cash flow opportunities and that it is well positioned with land assets located in “the only permitted refinery in North America for cobalt materials.”

Both the company’s land package and its strategic plans seem to position it well in a market vying to meet increased demands. As further discussed in the interview, growing trends for electronic vehicles are fueled by initiatives in China, parts of Europe and North America. These trends coupled with improvements in EV performance, mileage capabilities and lower cost for batteries point to continued growth in the sector.

Mell, in addressing the future of the commodity and growing need for cobalt, is clearly secure with the company’s positioning, stating that, “It’s not hard to get comfortable… electronic vehicles are here to stay. If you want to project a 1 percent to even a 5 percent vehicle penetration rate, there is simply not enough cobalt on the planet today to satiate that demand. I think it’s there… but companies like ours are going to have to make the discoveries and bring those to production.”

About First Cobalt

First Cobalt is the largest land owner in the Cobalt Camp in Ontario, Canada. The Company controls over 10,000 hectares of prospective land and 50 historic mines as well as a mill and the only permitted cobalt refinery in North America capable of producing battery materials. First Cobalt began drilling in the Cobalt Camp in 2017 and seeks to build shareholder value through new discovery and growth opportunities. For more information, visit www.FirstCobalt.com.

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Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.

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