of cobalt around the world is the Democratic Republic of Congo , but Mell wants to disrupt this status quo .
“ With Idaho and Ontario , we have what I think are two of the most prospective camps outside of Africa ,” he says . “ Our vision is simple : to mine , refine and sell cobalt in North America . It could be to Apple , to Tesla or to GM , it doesn ’ t matter who . There is currently no domestic supply in Canada and the US and I think that First Cobalt is positioning itself to be the first one to do exactly that .”
The company was only founded in 2017 , but over the course of its first 12 months the Canadian firm has seen its market cap go from $ 15.3mn to over $ 190mn . Mell attributes this success to First Cobalt and its leadership team focusing on cobalt at a time where some of the major companies around the world are “ playing catch-up ”.
He points to a statement made by Ivan Glasenberg , Chief Executive of Glencore , in which
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