Battery Metals

Canada Silver Closes $1,805,000 Flow-Through Private Placement

Canada Silver Closes $1,805,000 Flow-Through Private Placement

(TheNewswire)

Canada Silver Cobalt Works Inc.

October 19, 2022 TheNewswire - Coquitlam, BC, Canada - Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the "Company" or "Canada Silver Cobalt") announces that, further to its news release dated October 18, 2022, the Company has closed a fully subscribed for non-brokered private placement raising gross proceeds of $1,805,000.

The Company issued 13,681,819 Quebec flow-through units ("QFT Units") at a price of $0.11 per QFT Unit. The Company also issued 3,000,000 FT Units ("FT Units") at a price of $0.10 per FT Unit raising gross proceeds of $300,000.

Each QFT and FT Unit is comprised of one flow-through common share of the Company and one half of one share purchase warrant.  Each whole warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price of $0.15 per share, for a period of two years from closing, subject to final approval of the TSX Venture Exchange ("Exchange").

The proceeds of the FT private placement will be used for ongoing drilling of the Company's Eby-Otto property located near Kirkland Lake, Ontario. The proceeds of the QFT private placement will be used for the Company's Lowney-Lac Edouard property, located in central Quebec.

GloRes Securities Inc., the lead finder for the financing, was paid $102,350 in cash and 938,637 finder's warrants.  An additional $42,000 cash and 400,409 finder warrants were also paid to Qwest Investment Fund Management Ltd. The finder's warrants are at an exercise price of $0.11 per share, for a period of two years from closing. The finder's fees paid in connection with the private placement are subject to Exchange approval.

All securities issued in connection with the private placement will be subject to a four‐month and a day hold period expiring on February 20, 2023 in accordance with applicable Canadian Securities Laws.

About Canada Silver Cobalt Works Inc.

Canada Silver Cobalt Works released the first-ever resource in the Gowganda Camp and greater Cobalt Camp. The Castle Property is 15 km east of Aris Gold Corp's Juby gold deposit, 30 km due south of Alamos Gold's Young-Davidson mine, 75 km southwest of Kirkland Lake Gold's Macassa Complex, and 100 km southeast of new gold discoveries in the Timmins West area.

Canada Silver Cobalt Works released the first-ever resource in the Gowganda Camp and greater Cobalt Camp in May 2020.  A total of 7.56 million ounces of silver in Inferred resources comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Robinson Zone beginning at a vertical depth of approximately 400 meters were identified. The discovery remains open in all directions (mineral resources that are not mineral reserves do not have demonstrated economic viability) (refer to Canada Silver Cobalt Works Press Release May 28, 2020) Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada , with an effective date of May 28, 2020, and a signature date of July 13, 2020).

Canada Silver Cobalt's flagship Castle mine and 78 sq. km Castle Property features strong exploration upside for silver, cobalt, nickel, gold and copper in the prolific past producing Gowganda high-grade Silver District of Northern Ontario. With underground access at Castle, a pilot plant to produce cobalt-rich gravity concentrates on site, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2Ox for the creation of technical grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations, Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver-cobalt space. More information at www.canadasilvercobaltworks.com

"Frank J. Basa"

Frank J. Basa, P. Eng.

Chief Executive Officer

For further information, contact:

Frank J. Basa, P.Eng.

Chief Executive Officer

416-625-2342

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements.

Copyright (c) 2022 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

CCW:CA
The Conversation (0)
Canada Silver Cobalt Works (TSXV:CCW)

Canada Silver Cobalt Works


Keep reading...Show less
Canada Silver Cobalt Reassessing Its Shillington Copper Property with Historical Drill Core Copper Grades up to 18.28 % Cu over 0.30m and as Wide as 0.50% Cu over 12.50m

Canada Silver Cobalt Reassessing Its Shillington Copper Property with Historical Drill Core Copper Grades up to 18.28 % Cu over 0.30m and as Wide as 0.50% Cu over 12.50m

Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTCQB: CCWOF) (FSE: 4T9B) (the "Company" or "Canada Silver Cobalt") has decided to re-assess the value of it's fully owned Shillington Copper Property north of Castle East, near Gowganda Ontario. The Shillington Copper Property has the potential to become a valuable Copper exploration asset given the current market demand.

The Company had previously acquired the 2190-hectare Shillington Copper Property in 2020 to expand the land package and exploration potential north of Castle East given the geology and controlling structures nearby. The Company completed a ground-truthing and prospecting program in 2021 over a 2 square kilometre area and identified strong mineralization from grab and outcrop samples. The Company will plan a future exploration program to define the extent of this potential high-grade copper mineralised area.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Canada Silver Cobalt Announces New Independent Board Member

Canada Silver Cobalt Announces New Independent Board Member

(TheNewswire)

Canada Silver Cobalt Works Inc.

Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce the appointment of Ronald Goguen, Sr. to the Company's Board of Directors

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Canada Silver Cobalt Receives Permits to Follow Up on Near-Surface 4,710 g/t Silver and 24.95 g/t Gold Intersections

Canada Silver Cobalt Receives Permits to Follow Up on Near-Surface 4,710 g/t Silver and 24.95 g/t Gold Intersections

(TheNewswire)

Canada Silver Cobalt Works Inc.

Coquitlam, BC TheNewswire - March 6, 2023 Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the "Company" or "Canada Silver Cobalt") has received new permits to allow follow-up drilling and outcrop stripping on the shallow gold and silver mineralization at Castle East.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Canada Silver Cobalt to Participate and Present at PDAC 2023

Canada Silver Cobalt to Participate and Present at PDAC 2023

(TheNewswire)

Canada Silver Cobalt Works Inc.

Coquitlam, BC TheNewswire - March 1, 2023 Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce it will participate and present at the PDAC 2023 Conference in Toronto from March 5 to March 8, 2023 and welcomes the opportunity to meet with investors to discuss recent developments and plans for the Company.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Canada Silver Cobalt Intersects up to 28.90 Meters of 1.12% Nickel Equivalent near Surface During Phase 2 of Drilling at Graal

Canada Silver Cobalt Intersects up to 28.90 Meters of 1.12% Nickel Equivalent near Surface During Phase 2 of Drilling at Graal

The near-surface mineralization has been intercepted as shallow as 51.50m downhole and contains up to 0.73% Ni, 0.41% Cu, with 1.12% NiEq over 28.90m

Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTCQB: CCWOF) (FSE: 4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce that it has reviewed and verified the assay results from its Phase 2 drill program at Graal with up to 28.90m of 1.12% NiEq containing 0.75% Nickel and 0.41% Copper and other elements.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
electric vehicle at charger

How to Invest in Battery Metals (Updated 2023)

As the world begins to shift away from carbon-based energy and toward renewable energy, new investment opportunities are emerging alongside advancements in battery technology.

The electric vehicle (EV) revolution is a key part of this energy transition, and many market watchers are interested in the battery metals that are making it possible. While lithium and cobalt are currently getting the most attention, battery materials like graphite, vanadium and manganese are also popular.

Read on for a quick go-to guide on the battery metals sector.

Keep reading...Show less
Uranium Energy Corp Announces Re-Election of Executive Vice President - Scott Melbye as President of the Uranium Producers of America

Uranium Energy Corp Announces Re-Election of Executive Vice President - Scott Melbye as President of the Uranium Producers of America

Uranium Energy Corp (NYSE American: UEC) ("UEC" or the "Company") is pleased to announce that Scott Melbye UEC's Executive Vice President, has been re-elected to serve another term as President of the Uranium Producers of America ("UPA").

Amir Adnani , President and CEO stated: "We congratulate Scott on his re-election to the position of President of the UPA. His re-election marks his third term as President and is a tribute to his long-standing reputation of excellence and leadership in the uranium industry. UEC's industry leadership is a result of our team's dedication to high-performance standards associated with the nuclear fuel industry. Their excellence and decades of experience serves the Company well and provides a solid foundation for our future growth and success."

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
Infinity Stone Announces Formation of AirCarbon Subsidiary for Rockstone Graphite Project and Partnership with R&D Innovations for Novel Graphite Processing Technology

Infinity Stone Announces Formation of AirCarbon Subsidiary for Rockstone Graphite Project and Partnership with R&D Innovations for Novel Graphite Processing Technology

Highlights

  • Infinity Stone has formed a subsidiary named AirCarbon Technology Corp. to develop the Company's Rockstone Graphite Project. The formation of AirCarbon will also facilitate the previously announced spin out of the Rockstone Graphite Project.
  • Infinity Stone has entered a partnership with R&D Innovations to use their patent-pending and proprietary air classification technology to mill graphite material into a fine graphite concentrate for potential use as anode material in lithium-ion batteries.
  • Management intends to pursue a public listing of AirCarbon on a Canadian securities exchange in the coming months. The Company intends to provide further details on the spin-out structure in the immediate future.

Infinity Stone Ventures Corp. (CSE: GEMS) (OTC: GEMSF) (FSE:B2I) (the " Company " or " Infinity Stone "), is pleased to announce the formation of a new wholly-owned subsidiary, AirCarbon Technology Corp. (" AirCarbon "), to develop the Rockstone Graphite Project (" Rockstone " or the " Rockstone Graphite Project "). The Company has also entered into a partnership with R&D Innovation Inc. (" R&D Innovation ") to use their patent-pending and proprietary air classification separation technology (" Air Classification System ") to process samples from the Rockstone Graphite Project. The Air Classification System eliminates the need for flotation, chemicals and drying in the graphite milling process and greatly reduces the capital costs for a traditional graphite mill. It has also been designed to eliminate the need for tailing ponds and greatly lessen the need for significant infrastructure at a mine site.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
TinOne Resources: Advances Australian Tin Projects and Discovers New Lithium Occurrences, CEO Clips Video

TinOne Resources: Advances Australian Tin Projects and Discovers New Lithium Occurrences, CEO Clips Video

TinOne Resources Inc. (TSXV: TORC) (OTCQB: TORCF the Vancouver-based company with tin, tintungsten and lithium projects in the Tier 1 mining jurisdiction of Tasmania, Australia, has reported a successful season of drilling at their flagship project, Great Pyramid, with all assays confirming expansion on the historical resource. In addition, the company announced a new discovery of lithium at the Aberfoyle project, which has significant potential for future growth.

TinOne Resources Inc. (TSXV: TORC) (OTCQB: TORCF)

https://tinone.ca/

About CEO Clips:

CEO Clips - are short company video profiles broadcast to a large audience of investors on TV and 15+ financial sites including Reuters, Yahoo!Finance, and Wall Street Journal.

BTV - Business Television/CEO Clips

Discover Companies to Invest in

www.b-tv.com

Contact: Trina Schlingmann (604) 664-7401 x 5 trina@b-tv.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/160111

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Nevada Sunrise Receives Additional Lithium Analyses - GEM23-04 Mineralization Improves to 1,412 ppm Lithium in Sediments over 1,440 Feet and up to 490 mg/L Lithium in Groundwater at the Gemini Lithium Project, Nevada

Nevada Sunrise Receives Additional Lithium Analyses - GEM23-04 Mineralization Improves to 1,412 ppm Lithium in Sediments over 1,440 Feet and up to 490 mg/L Lithium in Groundwater at the Gemini Lithium Project, Nevada

Nevada Sunrise Metals Corp. ("Nevada Sunrise", or the "Company") (TSXV: NEV) (OTC: NVSGF) is pleased to announce that the Company has received final geochemical analyses for lithium mineralization in sediment and groundwater samples collected from borehole GEM23-04, drilled at its 100%-owned Gemini Lithium Project ("Gemini") located in the Lida Valley basin in Esmeralda County, Nevada . Drilling of borehole GEM23-04 was completed to a depth of 1,950 feet (594.51 metres), which represents the deepest hole drilled to date at Gemini.

Highlights of GEM23-04
  • Borehole GEM23-04 intersected 1,412.38 parts per million ("ppm") lithium-in-sediment over 1,440 feet (439.02 metres) from 510 feet (155.49 metres) to 1,950 feet (594.51 metres), including 3,556.82 ppm lithium over 110 feet (33.54 metres) and 4,329.60 ppm lithium over 30 feet (9.15 metres) (see Table 1 below);
  • Water sample analyses showed additional concentrations of lithium in groundwater flows, notably a 20 foot (6.1 metre) interval grading 490 milligrams/litre ("mg/L") lithium (see Table 2 below);

Table 1.  Final Results of Lithium-in-Sediment Samples for Borehole GEM23-04

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Kiplin Metals Inc.

Kiplin Metals Reviews F3 Uranium Conductors Contiguous to its Cluff Lake Road Uranium Project, Saskatchewan

(TheNewswire)

Kiplin Metals Inc.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×