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CobalTech Mining Inc. is a cobalt exploration company with assets in Cobalt, Ontario, Canada. The Company owns a strategically located land package in the heart of Cobalt, Ontario, in an area known for its geological setting responsible for unique mineralization composed of quartz-carbonate veins enriched in silver-cobalt-nickel-bismuth-arsenic. To date over 460 million ounces of silver have been produced from the Cobalt mining camp.

Proposed Merger with First Cobalt

On August 21, 2017, CobalTech and First Cobalt Corp. announced that, following the signing of a binding letter of intent June 23, 2017, they have entered into a definitive merger agreement pursuant to which First Cobalt Corp. has agreed to acquire all of the issued and outstanding common shares of CobalTech by way of a court approved plan of arrangement. Under the terms of the planned arrangement, CobalTech shareholders will receive 0.2632 of a First Cobalt common share representing the equivalent of $0.20 per CobalTech share. The combined company should have greater liquidity, a larger capital markets profile and increased access to capital. First Cobalt has assets in the Cobalt, Ontario mining camp and in the Congo. Completion of the arrangement is subject to a number of conditions, including approval by the shareholders of CobalTech and receipt of all required regulatory approvals including the approval of the TSXV. The arrangement can not close until these conditions are satisfied and the required approvals are obtained.

Nov 22, 2017

TORONTO, ON — (November 22, 2017) – First Cobalt Corp. (TSX-V: FCC, OTCQB: FTSSF) (the “Company”) is pleased to announce shareholders of CobalTech Mining Inc. (TSX-V: CSK) have approved the merger with First Cobalt, with 95% of votes cast in favour. Trent Mell, President & Chief Executive Officer, commented: “We now have approval from CobalTech […]

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Oct 24, 2017

TORONTO, ON — (October 24, 2017) – First Cobalt Corp. (TSX-V: FCC, OTCQB: FTSSF) (the “Company”) announces the commencement of prospecting and structural mapping on properties owned by Cobalt One Ltd. (ASX: CO1) and CobalTech Mining Inc. (TSX-V: CSK), the results of which will be used to plan a winter drill program for the consolidated […]

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