11/24/2023 0 Comments Project m cobalt legacy hacklessWith the exercise of the option, First Cobalt is adequately financed for the recommissioning and expansion of its hydrometallurgical refinery in Ontario, and on track to becoming North America's only producer of sustainable battery-grade cobalt sulfate by Q4'2022. ![]() received a placement agent fee equal of 4% of the gross proceeds of the additional Notes sold. The offering of Notes was led by Cantor Fitzgerald & Co., as sole placement agent. Pursuant to subscription agreements entered into between the Company and investors on August 23, 2021, each investor had the right to subscribe for additional Notes pro rata for an aggregate additional principal amount of up to US$7.5 million.
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