First Cobalt has entered a five-year offtake agreement for Stratton Metals Resources to market cobalt sulfate from its refinery in Ontario, Canada, it said on Monday March 29.
The "flexible long-term" deal will permit First Cobalt to also sign offtake agreements with automotive original equipment manufacturers (OEMs), which could reduce the volumes sold to Stratton, according to the press release.A source with knowledge of the matter said First Cobalt will sell all of its 5,000...