First Cobalt refinery expansion study weeks from conclusion

The feasibility study for an expansion of the Glencore-backed First Cobalt refinery, in Ontario, Canada, is in the final stages and will be concluded in the coming weeks.

Commenting on the current market developments, First Cobalt president and CEO Trent Mell said on Tuesday while the uncertainty owing to Covid-19 had put downward pressure on commodities, First Cobalt had implemented modified work practices, but that work was continuing with minimal impact on its schedule.