The refinery that TSX-V-listed First Cobalt plans to bring back to life in Canada with funding by global mining group Glencore, is set for first production late next year, the junior company said on Monday, announcing that it had entered into a definitive financing agreement with Glencore. The Swiss-headquartered major will be providing First Cobalt with a $5-million loan to complete advanced engineering, metallurgical testing, field work and permitting associated with a recommissioning and expansion of the refinery, in Ontario.
