Canada Cobalt Works Inc. has past-producing Canadian cobalt/silver mines, a proprietary metal separation process for efficient cobalt extraction plus a cobalt recovery division set up to recover cobalt from spent batteries. The Company is moving forward on all fronts with cobalt prices continuing to rise due to supply shortfalls as battery production ramps up to meet the increasing global demand for electric vehicles. In addition to the Castle Silver Mine profitably operated by Agnico Eagle Mining up until the late 1980’s and located near Gowganda, Ontario, the Company also has 100% ownership of the Beaver and Violet cobalt silver mine properties located near Cobalt, Ontario. Roughly 300,000 pounds of cobalt was mined from Castle over the years,with the Beaver mine property having historical documented cobalt production of another 140,000 pounds. Although cobalt has been in the news recently as the price continues to head up, work related to cobalt on these properties dates to 2011 when drill hole CA11-09 returned 1.44% cobalt at Castle plus CA11-08 returned 6,476 g/t silver. Recent bulk samples from underground workings at Castle have tested up to 3.1% cobalt. Near-term plans include underground drilling to establish cobalt grades (assays for past mining only tested for silver grades) and lab work to produce cobalt sulphate samples for Asian battery makers and other potential off-take partners.Read less
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