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First Cobalt Appoints Vice President Commercial to Advance Offtake Strategy

First Cobalt Corp.(“公司”)今天宣布任命Michael Insulan为商业副总裁。迈克尔将以此身份全面负责向电动车(EV)制造商和电池制造商销售公司精制的硫酸钴产品。他还将负责营销由加拿大第一钴精炼厂生产的再生钴,镍,锂和其他电池材料,该材料是在拟议的第二阶段扩建计划中进行的,以精炼从报废锂离子电池中回收的黑块。

First Cobalt正在与多家电动汽车制造商和其他电池供应链参与者进行积极讨论,以提供精炼的钴材料。 Insulan先生常驻欧洲,将负责执行这一战略重点,重点是主要的电池供应商和汽车OEM。 2020年,欧洲取代中国成为世界上最大的电动汽车市场,而拜登政府提出了一项1,740亿美元的刺激计划,以促进电动汽车的普及并加强美国的国内锂离子电池供应链。在北美和欧洲,电动汽车的强劲增长前景增强了First Cobalt对这些不断增长的市场的钴供应的战略重要性。

Michael Insulan在石油和天然气,大宗商品,贱金属和次要金属方面拥有近20年的经验。他曾在荷兰皇家壳牌公司,CRU和欧亚资源集团工作。他拥有经济学博士学位,专注于采掘业。在过去的四年中,他主要专注于钴市场,并因此赢得了行业专家的声誉。

 
TSX.V: FCC | OTCQX:FTSSF 
First Cobalt Appoints Vice President Commercial
to Advance Offtake Strategy
First Cobalt Corp. (the “Company”) today announced the appointment of Michael Insulan as Vice-President, Commercial. In this capacity, Michael will have overall responsibility for marketing of the Company’s refined cobalt sulfate production to electric vehicle (EV) manufacturers and battery cell makers. He will also be responsible for marketing recycled cobalt, nickel, lithium and other battery materials produced by First Cobalt Canadian refinery under a proposed Phase 2 expansion to refine black mass recovered from end-of-life lithium-ion batteries.

First Cobalt is in active discussions with several EV manufacturers and other battery supply chain participants to provide refined cobalt material.  Based in Europe, Mr. Insulan will assume responsibility for executing on this strategic priority with a focus on the major battery suppliers and automotive OEMs. In 2020, Europe overtook China as the largest EV market in the world while the Biden Administration has proposed a $174 billion stimulus plan to promote EV adoption and strengthen domestic lithium-ion battery supply chains in the United States. The strong outlook for EV growth in North America and Europe reinforces the strategic importance of First Cobalt’s cobalt supply for these growing markets.

Michael Insulan has nearly 20 years of experience across oil and gas, bulk commodities, base and minor metals. He has worked for Royal Dutch Shell, CRU, and Eurasian Resources Group. He holds a PhD in Economics, focused on the extractive industries. Over the past four years, he has been primarily focused on the cobalt market where he has built a reputation as an industry expert.

First Cobalt recently concluded a five-year offtake agreement with Stratton Metal Resources Ltd. for up to 100% of cobalt sulfate production from the First Cobalt Refinery. The contract provides flexibility for First Cobalt to enter into direct offtake contracts with OEMs and their suppliers, subject to a minimum annual quantity in favour of Stratton Metals.Trent Mell, President & CEO, commented:
 “With the commissioning of our Canadian cobalt sulfate refinery expected in October 2022, recruiting Michael to join our team is another executed step in our strategic plan. His experience and global network of contacts in the battery materials space will be invaluable to marketing what we expect will be the world’s most sustainably sourced cobalt. With an expansion into battery recycling, the Company can also provide OEMs with an end-of-life battery solution to recover nickel, cobalt, lithium and other battery materials.Michael Insulan, Vice-President, Commercial commented:
 “It is an honour to join First Cobalt as the refinery executes on its strategic plan to become the most sustainable cobalt supplier in the world. In a market dominated by China, a North American battery materials plant with top ESG credentials and the capacity to supply the growing battery cell and electric vehicle industries in North America and Europe is an opportunity that cannot be missed.About First Cobalt

First Cobalt’s mission is to be the most sustainable producer of battery materials. The Company owns North America’s only permitted cobalt refinery, a critical asset in the development and manufacturing of batteries for electric vehicles. First Cobalt also owns the Iron Creek cobalt-copper project in Idaho, USA as well as several significant cobalt and silver properties in the Canadian Cobalt Camp.

For more information visit www.firstcobalt.com or contact:

Investor Relations
Cora Klein
info@firstcobalt.com
+1.416.900.3891
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