Off-market insider buying at First Cobalt (FCC)

Off-market insider buying at First Cobalt (V:FCC)

Updated Wednesday Feb 12, 2020 03:04 AM EDT
Trent Charles Arthur Mell, CEO, acquired 700,868 Common Shares on a direct ownership basis and 799,132 Common Shares on an indirect ownership basis for registered holder Cienna Capital Corp. at a price of $0.140 through a prospectus or prospectus exempt offering on February 5th, 2020. The insider also acquired 700,868 Warrants on a direct ownership basis and 799,132 Warrants on an indirect ownership basis for registered holder Cienna Capital Corp. with an exercise price of $0.210 for two years. This represents a $210,000 investment into the company's shares and an account share holdings change of greater than 100%.

First Cobalt is in the Specialty Mining & Metals Sub Industry Group under the Basic Materials Sector.

First Cobalt Corp is a Canada-based cobalt company. The Company's strategy is to explore, develop and refine cobalt material in North America for sale back into the American electric vehicle (EV) market. Its flagship asset is the Iron Creek Cobalt Project in Lemhi County, Idaho, the United States. The Iron Creek Cobalt Project consists of mining patents and exploration claims covering an area of approximately 1,700 acres. The Company's other assets include more than 49 past-producing mines in the Canadian Cobalt Camp and a cobalt refinery in North America capable of producing battery materials. The Company's refinery is a hydrometallurgical cobalt-silver-nickel refinery located approximately five kilometers east of Cobalt, Ontario, Canada.

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