The Glencore-backed First Cobalt refinery, in Ontario, remains in good conditions for a quick restart and is expected to start supplying the North American market next year, First Cobalt president and CEO Trent Mell confirmed on Wednesday.
In an update on the refinery feasibility study, he said that the study results to date were in line with the company’s expectations. The prefeasibility study for a 12 t/d restart and a second definitive feasibility study for a 55 t/d expansion scenario would be completed in the first quarter of next year.