First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) on Shortlist as Attention Shifts to Juniors
New restrictive tax regime in DRC makes North American cobalt more attractive Efforts to secure supplies turns attention to cobalt juniors First Cobalt is now the world’s largest pure play cobalt explorer With production of electric vehicles (EVs) set to increase, “at least 90,000 tonnes of additional cobalt will be needed by 2025 to meet demand”, according to a May research note from the Swiss bank, UBS (http://ibn.fm/Zc7XA). The bank’s brokerage arm expects global market penetration of EVs to rise to 16 percent by then, from its current one percent, sparking fears of a cobalt shortage as early as 2022.…