"By next summer, we're in construction," he added. "We need to raise $60 million US in financing, so you're gonna see the first glimpse of that before the calendar year," said Mell. "We are at a point now where we are hopefully days, but certainly weeks away, from announcing some partnerships," shared Mell. "When do you think that revenues will fall on the balance sheet?" asked Jolly. "We just have to keep growing the resource it's a beautiful deposit." "I think it has a really good future in the world of cobalt as the price starts to recover," shared Mell, adding that the Company intends to resume drilling at this site in the near future. Jolly then commented on the Company's Iron Creek cobalt project in Idaho. "Despite what people may think, it's not coming out of the battery any time soon." "Cobalt keeps the battery happy it keeps the temperature down," he continued, adding that cobalt also improves battery life. "Nickel is what gives you that energy density, but if you're going to add nickel, you have to add cobalt," said Mell. Mell explained that cobalt is an important factor in the development of electric vehicles because it helps provide a higher range of miles. "Why is cobalt so important to the EV industry?" asked Jolly. "If you provide the credits and provide the incentives on the other side for manufacturers to do the switch, it has a tremendous impact." "We have never seen a president enter the White House with such an aggressive green agenda," said Mell, adding that the agenda will further incentivize the use of electric vehicles and increase charging stations locations, while also creating new careers in the green energy field. Mell then elaborated on the impact of the election. "It comes at a great time for us, and frankly a great time as North America is about to see a whole flurry of new vehicles hit the market." "We're heading into the start of 2021 with the prices quietly creeping up," said Mell. Jolly then asked about the value of cobalt given the rise in electric vehicles. "The flagship focus for us is restarting what will be North America's only cobalt refinery," explained Mell, noting that cobalt is an essential component of batteries. Jolly began the interview by asking about the Company's current projects. President and CEO of the Company, Trent Mell, joined Stock Day host Everett Jolly. December 21, 2020) - The Stock Day Podcast welcomed First Cobalt (OTCQX: FTSSF) ("the Company"), the owner of North America's only permitted cobalt refinery.
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