As investor anticipation mounted for Tesla Inc.’s much-hyped, self-proclaimed Battery Day on Wednesday, Trent Mell was upset just thinking about it.
Mell, chief executive of Toronto-based First Cobalt Corp., has spent three years trying to secure a ground floor seat in the burgeoning electric vehicle industry.
In 2017, his company bought a long-forgotten refinery in small-town northern Ontario that could, if everything goes right, produce five per cent of the world’s battery grade cobalt, about 25,000 tons, by 2021. It would be the first, and only, refinery in North America producing battery-grade cobalt. Continue Reading →