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First Cobalt Corp. (TSXV:FCC) announced the Cobalt One merger has been approved and the company is expected to begin trading on the ASX November 22, 2017 under the ticker FCC, subject to regulatory approval. Upon closing of the transaction, Cobalt One shares will be halted on November 21, 2017. First Cobalt will gain a dual-listing and own the only refinery in the Cobalt Camp, providing liquidity for the stock and the opportunity to accelerate production. We continue to believe the company’s unique attributes, including its land position and infrastructure are likely to see First Cobalt trade at a premium to other cobalt exploration peers, pro-forma. Besides pending drill results, important upcoming catalysts are likely to include planned metallurgical test results and the completion of the planned mergers with Cobalt One and CobalTech Mining Inc. (TSXV:CSK).
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