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First Cobalt awarded a contract to Metso Outotec for the design and manufacturing of solvent extraction cells and technical support for its refinery in Ontario, Canada.
First Cobalt Corp. and CobalTech Mining Inc. entered into a definitive merger agreement, with First Cobalt acquiring all shares of CobalTech. The combined company will be a pure-play cobalt exploration company with assets in the Cobalt, Ontario mining camp.
First Cobalt is proposing a merger with Australia's Cobalt One to consolidate the two largest land packages in the historic Cobalt camp into one entity with more than 10,000 hectares. Cobalt One shareholders would own 60% and First Cobalt shareholders 40%.