trending Market Intelligence /marketintelligence/en/news-insights/trending/eVqOsRcOCqPQ2tB7ots6JQ2 content esgSubNav
In This List

First Cobalt buys mining claims in Ontario near past-producing Caswell mine

Blog

Battery Metals Trends

Blog

Insight Weekly: SPAC momentum builds on; higher rates fear; copper prices rebound

Blog

Q&A: U.S. Battery Storage and Global Battery Metals Trends Webinar

Blog

Greenhouse gas and gold mines - Emissions intensities unaffected by lockdowns


First Cobalt buys mining claims in Ontario near past-producing Caswell mine

First Cobalt Corp. said Dec. 7 that it bought four contiguous mining claims in Ontario near the past-producing Caswell mine for 224,000 company shares.

The claims cover 650 hectares that may contain the extension of north-east trending structures related to mineralization at the Caswell mine and the Thompson prospect.

According to the company's release, a recent prospecting program at Caswell identified high-grade mineralization at surface, including 9.44% cobalt, 1.27% copper and 2.92% nickel.

First Cobalt recently completed a three-way merger with CobalTech Mining Inc. and Cobalt One Ltd., taking control of over 10,000 hectares of cobalt-prospective land and 50 historical mining operations in Ontario's Cobalt camp as well as a mill and a permitted cobalt refinery.