Jul 16, 2017
Trent Mell is President and CEO of First Cobalt. He's in the midst of two major acquisitions and is also leading the effort to develop the company's existing projects. Interestingly, there's only one pure cobalt mine presently in existence. Cobalt is often a byproduct of copper, nickel and silver mines. The trend is greatly favoring cobalt as the E-Auto market continues its fast growth. Every Tesla vehicle uses at least 33 pounds of cobalt. And there's no substitute. The metal has a wealth of other uses including super-alloys, so there's a constant need for it. Trent sees a lot of potential revenue that's currently buried in waste piles around the existing projects. This could be the low hanging fruit that propels the company forward. Always great to see a sponsor headed in the right direction.