Canadian Mining Journal

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COBALT: JV in works for Ontario refinery



ONTARIO – First Cobalt Corp. has entered into an option agreement with Cobalt One, owner of the Yukon cobalt refinery in Cobalt. The goal is to create a 50-50 joint venture that includes the refinery and 16 hectares of nearby permitted property including a tailings management area.

The recently modernized interior of the Yukon cobalt refinery. Credit: First Cobalt.

The Yukon refinery is one of only four fully permitted plants in Canada capable of treating silver-cobalt arsenide ore such as that found in the Cobalt camp. First Cobalt hopes to process ore from the historic Keeley-Frontier mine at the refinery.

The refinery was built in the mid-1990s and changed owners in 2002. It was on care and maintenance until it was upgraded in 2012 and operated briefly. Cobalt One signed a binding agreement to buy the refinery in April 2017, a deal which is to close by the end of this month.

Visit www.FirstCobalt.com for more information about the Keeley-Frontier property.