trending Market Intelligence /marketintelligence/en/news-insights/trending/aVtM-6QL3SznOR4YinzyXg2 content esgSubNav
In This List

First Cobalt acquires 22 mining claims, expands Ontario landholding by 40%

Blog

European Energy Insights - May 2021

Blog

Metals & Mining Insights May 2021

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage


First Cobalt acquires 22 mining claims, expands Ontario landholding by 40%

First Cobalt Corp. said June 7 that it acquired 22 mining claims totaling 848 hectares in Ontario from Brixton Metals Corp. for C$325,000 in cash.

The company noted that eight of the claims, which also include the past-producing Bellellen mine, are contiguous to its flagship Keeley-Frontier silver-cobalt project.

In addition, some of the northern claims are located less than 1 kilometer from the Yukon refinery, for which First Cobalt recently secured a 50% joint venture option.

First Cobalt plans to test the extension, which expands its landholding in the region by 40%, for continuity with the Keeley-Frontier project as part of its 2017 exploration program.