M&A Deal Summary

First Cobalt Acquires US Cobalt

On March 14, 2018, First Cobalt acquired metals/mining company US Cobalt for 150M CAD

Acquisition Highlights
  • This is First Cobalt’s 1st transaction in the Metals/Mining sector.
  • This is First Cobalt’s largest (disclosed) transaction.
  • This is First Cobalt’s 1st transaction in Canada.
  • This is First Cobalt’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2018-03-14
Target US Cobalt
Sector Metals/Mining
Buyer(s) First Cobalt
Deal Type Add-on Acquisition
Deal Value 150M CAD
Advisor(s) Fort Capital Partners (Financial)
Cassels (Legal)

Target

US Cobalt

Vancouver, British Columbia, Canada
US Cobalt is an exploration company focused on the acquisition and development of deposits of production grade metal which are critical components to power storage solutions including lithium-ion batteries for electric vehicles and consumer electronics. US Cobalt’s key assets are located in Idaho and Utah.

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Buyer(S) 1

Buyer

First Cobalt

Toronto, Ontario, Canada
Category Company
Founded 2011
Sector Metals/Mining
Employees6
DESCRIPTION

First Cobalt objective is to build the largest pure-play cobalt exploration and development company in the world. The Company’s primary focus is on its Greater Cobalt Project; over 10,000 hectares of prospective land including over 50 past producing mines, a mill and the only permitted cobalt refinery in North America capable of producing battery materials. Located in the Cobalt Camp in Ontario, Canada. The Company began drilling in the Cobalt Camp in August, 2017. First Cobalt was founded in 2011 and is based in Toronto, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal