Diversified miner Glencore has thrown its support behind the restart of dual-listed First Cobalt’s refinery in Ontario.
The two companies have signed a memorandum of understanding (MoU) to supply cobalt feedstock and financing to recommission the First Cobalt refinery, with First Cobalt and Glencore to collaborate in the final flowsheet design with a view to accelerate the restart of the only primary cobalt refinery in North America.