Chasing the cobalt riches

first_imgCastle Silver Resources has changed its name to Canada Cobalt Works Inc because it is more a cobalt company than a silver company and changing the name will put the company more on the radar of battery tech investors. As Frank Basa, CSR President and CEO, stated: “With Cobalt prices at 10-year highs, and the northern Ontario Cobalt Camp drawing increased attention, we’re entering exciting times for shareholders as we embark on various initiatives to build the ‘Canada Cobalt’ brand.”Anchored by its past producing Castle mine and related infrastructure, plus its proprietary Re-2OX process for cobalt recovery, Canada Cobalt will be a vertically integrated operation designed to serve the broader northern Ontario Cobalt Camp and a rapidly growing battery sector searching for ethically sourced cobalt.The Castle, Beaver and Violet mines are among the most advanced properties in the northern Ontario Cobalt Camp. While they comprise only 2,840 ha they are sources of high-grade cobalt that can quickly be developed into a shovel-ready state. The company also has the Re-2OX process which has been pilot-plant-tested to separate the various metals that comprise the mineralization in the Cobalt Camp vein systems. The company has been to Japan and China to meet with buyers of cobalt-based salts that are used in the lithium battery market. Studies are underway to develop a milling processing facility and leach plant on one of the Castle Silver Resources’ properties.last_img read more