Battery Metals

(TheNewswire)

Canada Silver Cobalt Works Inc.

The resulting concentrates will then be converted with the Company's Re-2Ox process into EV battery metals .

Coquitlam, BC TheNewswire - September 20, 2022 - Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce that two tonnes of high-grade mineralized material recovered during voluntary surface site rehabilitation at the past-producing Castle and Beaver Mines, in addition to high-grade silver tailings from the mines, will be processed at the Company's Temiskaming Testing Labs (TTL) high-grade bulk processing facility in nearby Cobalt, Ontario.

"Having met with South Korean EV metal buyers last week and with the TTL bulk processing facility fully commissioned, including the newly installed gravity processing plant (see news release September 14, 2022), we have begun processing two bulk samples totaling approximately two tonnes mineralized rock recovered from the waste piles and high-grade silver tailings at our Castle and Beaver Mines. We are doing this to produce a concentrate we can use for further testing of our Re-2Ox process and also to demonstrate the role that the upgraded TTL facility can play in processing high-grade mineralized material from the Cobalt Camp," stated CEO Frank J. Basa, P.Eng.

At TTL, the waste rock material will first be crushed and ground before being screened at 20 mesh to recover potential native silver for processing into silver dore bars using the facility's bullion furnace.

The remaining sulphide material will then pass through the gravity plant to produce a high-grade gravity concentrate, which will be assayed for cobalt, nickel, copper, silver, gold and arsenic (arsenic is one of the metals the US have on their critical metals list).

The high-grade silver tailings will be first screened at 20 mesh to remove any organics and then processed through the TTL gravity plant to produce a concentrate.

The Company plans to send these high-grade gravity concentrates to SGS Canada's laboratory facility in Lakefield, Ontario where, using the Company's proprietary Re-2Ox process, they will be converted into battery metals needed in the EV industry.

In 2018, the environmentally friendly Re-2Ox process was used at SGS Lakefield to produce a technical-grade cobalt sulphate hexahydrate at 22.6%, directly from cobalt-rich gravity concentrates produced from mineralized material removed from the first level of the Castle mine. The 22.6% cobalt sulphate compound exceeded the specifications required at that time by battery manufacturers including Japan's Sumitomo Metals.  The gravity concentrates used for this had graded 9.25% cobalt, 5.65% nickel, 49.9% arsenic and 9.25 g/t silver. The Re-20x process recovered 99% of the cobalt and 81% of the nickel from the concentrate while also removing 99% of the arsenic - a long-time issue in the cobalt-rich Cobalt Camp but now a critical metal. (See news releases January 15, 2021 and May 31 and August 15, 2018.)

The Company regards the proprietary Re-2Ox process as a long-term strategic advantage that will facilitate the production of battery metals for the EV market for many years. It is a closed-loop, zero-discharge hydrometallurgical process with no smelting or burning involved, which can meet stringent Canadian and International environmental standards and traceable verification. It is, additionally, more energy efficient than existing processes which use smelting and could have the potential to be used widely in base metals processing especially where high amounts of arsenic are present.

Qualified Person

The technical information in this news release was reviewed and approved by Frank J. Basa, P.Eng., a qualified person in accordance with National Instrument 43-101.

About Canada Silver Cobalt Works Inc.

Canada Silver Cobalt Works Inc. recently discovered a major high-grade silver vein system at Castle East located 1.5 km from its 100%-owned, past-producing Castle Mine near Gowganda in the prolific and world-class silver-cobalt mining district of Northern Ontario. The Company has completed a 60,000m drill program aimed at expanding the size of the deposit with an update to the resource estimate underway.

In May 2020, based on a small initial drill program, the Company published the region's first 43-101 resource estimate that contained 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 Castle East Robinson Zone, beginning at a vertical depth of approximately 400 meters. Note that mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to Canada Silver Cobalt Works Press Release May 28, 2020, for the resource estimate. 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.

The Company also has: (1) 14 battery metals properties in Northern Quebec where it has recently completed an almost 15,000-metre drill program on the Graal property and an airborne VTEM geophysical survey recently completed at its Lowney-Lac Edouard property; and (2) the prospective 1,000-hectare Eby-Otto gold property close to Agnico Eagle's high-grade Macassa Mine near Kirkland Lake, Ontario where it is exploring in 2022.

Canada Silver Cobalt's flagship silver-cobalt Castle mine and 78 sq. km Castle Property feature strong exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned Castle Mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich gravity concentrates, 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 Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements

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. A detailed discussion of the risk factors encountered by Canada Silver Cobalt is available in the Company's Annual Information Form dated July 19, 2021 for the fiscal year ended December 31, 2020 available under the Company's profile on SEDAR at www.sedar.com .

Copyright (c) 2022 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

CCW:CA
TSXV:CCW

Canada Silver Cobalt Works


Keep reading...Show less
CANADA SILVER COBALT Reprices and Extends Warrants and Announces Warrant Exercise Incentive Program

CANADA SILVER COBALT Reprices and Extends Warrants and Announces Warrant Exercise Incentive Program

(TheNewswire)

Canada Silver Cobalt Works Inc.

Coquitlam, BC TheNewswire - September 19, 2022 - Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the "Company" or "Canada Silver Cobalt") announces that it intends to reprice an aggregate of 3,997,333 outstanding common share purchase warrants ("Warrants") issued pursuant to a private placement that closed on November 25, 2020. The Warrants have an exercise price of $0.80 and an expiry date of November 27, 2022. The Company will amend the Warrant exercise price to $0.1125 per share and extend the Warrant expiry date by two years to November 27, 2024.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Canada Silver Cobalt Completes Commissioning of High-Grade Processing and Gravity Plants at TTL Facility

Canada Silver Cobalt Completes Commissioning of High-Grade Processing and Gravity Plants at TTL Facility

TTL is now ready to process high-grade mineralized material and tailings from nearby mines into silver dore bars.

Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTCQB: CCWOF) (FSE: 4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce that its 100%-owned Temiskaming Testing Labs (TTL) high-grade processing plant, that has zero discharge, is fully operational and ready for processing the high-grade mineralized material from the Cobalt Camp into silver dore bars as it was originally designed to do.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Canada Silver Cobalt Provides Update on Grassroots Exploration at Five Battery Metals Properties in Quebec

Canada Silver Cobalt Provides Update on Grassroots Exploration at Five Battery Metals Properties in Quebec

Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTCQB: CCWOF) (FSE: 4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to provide an update on its initial exploration work at five properties with EV battery metals potential in Québec.

Canada Silver Cobalt owns 14 battery metals properties in Quebec totalling 31,201 hectares.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Canada Silver Cobalt Provides Update on Grassroots Exploration at Five Battery Metals Properties in Quebec

Canada Silver Cobalt Provides Update on Grassroots Exploration at Five Battery Metals Properties in Quebec

(TheNewswire)

Canada Silver Cobalt Works Inc.

Coquitlam, BC TheNewswire - August 29, 2022 Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to provide an update on its initial exploration work at five properties with EV battery metals potential in Québec.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
CANADA SILVER COBALT Closes Acquisition to Purchase Industrial-Zoned Property with Highway Access for Core Processing Facility

CANADA SILVER COBALT Closes Acquisition to Purchase Industrial-Zoned Property with Highway Access for Core Processing Facility

(TheNewswire)

Canada Silver Cobalt Works Inc.

The purchase of a 10-acre industrial-zoned property with direct Highway 11 access will allow Canada Silver Cobalt abundant area for core handling and more efficient use of space

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Giyani Announces Results of Life Cycle Assessment Study for the K.Hill Battery Manganese Project

Giyani Announces Results of Life Cycle Assessment Study for the K.Hill Battery Manganese Project

Not for distribution to U.S. newswire services or for dissemination in the United States

Giyani Metals Corp. (TSXV: EMM, GR: A2DUU8) (" Giyani " or the " Company "), developer of the K.Hill battery grade manganese project in Botswana (" K.Hill Battery Manganese Project " or " K.Hill "), is pleased to announce the results of a life cycle assessment (" LCA ") prepared by Minviro Limited (" Minviro ") based on the feasibility study for K.Hill (" FS ").

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
ACME Lithium to Participate in the Conference on Mining and Its Role in EV Demand Presented by Maxim Group LLC and Hosted by M-Vest on Tuesday, October 4th

ACME Lithium to Participate in the Conference on Mining and Its Role in EV Demand Presented by Maxim Group LLC and Hosted by M-Vest on Tuesday, October 4th

ACME Lithium Inc. (CSE: ACME) (OTCQX: ACLHF) (the "Company", or "ACME"), announced today that Company CEO, Stephen Hanson has been invited to present at the Conference on Mining and its Role in EV Demand, presented by Maxim Group LLC and hosted by M-Vest, on Tuesday, October 4th at 11 A.M. EDT.

Tate Sullivan, Industrials Research Analyst at Maxim Group, will host panel discussions with mining companies to discuss global supply trends of various materials that industrial companies need to buy in order to satisfy future demand for batteries and electric vehicles. Panels will discuss mining developments in the U.S. for lithium, nickel, and other mineral resources. Executives from mining companies will provide different perspectives on the long-term outlook for demand from battery and electric vehicle customers.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Forward Water Technologies to Exhibit at WEFTEC Water Quality Event 2022

Forward Water Technologies to Exhibit at WEFTEC Water Quality Event 2022

Forward Water Technologies Corp. ("Forward Water" or the "Company") (TSXV:FWTC) announces that Mr. Grant Thornley, Vice-President of Engineering Sales as well as Alessandra Rodriguez, Research Engineer will be exhibiting live at WEFTEC in New Orleans from October 8 to October 12, 2022

Date: October 8 - October 12, 2022

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
SPEY RESOURCES CORP. TO ACQUIRE LITHIUM ENERGY METAL CORPORATION

SPEY RESOURCES CORP. TO ACQUIRE LITHIUM ENERGY METAL CORPORATION

Spey Resources Corp. (CSE: SPEY) (OTC: SPEYF) (FRA: 2JS) ("Spey" or the "Company") is pleased to announce that it has entered into an agreement (the " Agreement ") to acquire all of the shares of Lithium Energy Metal Corporation (" LEM "), which owns the following four (4) projects in the James Bay Region of Quebec:

  • The 454 Block Project - consists of 10 contiguous claims (513 hectares). The claims occur within the Archean Langelier Complex, which are the oldest rocks in the Le Grand sub-province of the regional Superior Province, and comprise foliated tonalite with hornlende-biotite magnetite.

  • The West Lac Corvette Project - consists of 10 contiguous claims (513 hectares). The claims cover Mesoarchean rocks of the Rouget Formation, derived from basalts as well as Neoarchean Marbot Formation wackes (with injections of granite), and southern margin of the Mesoarchean tonalite pluton (post de Le Moyne).

  • The Trieste Project - consists of two separate contiguous blocks totaling 50 claims and covering 2,575 hectares (618 hectares north, and 1,957 hectares south), with mylonite and amphibolite rocks of the Mesoarchean Trieste Formation that were derived from basalts.

  • Salomon Project – 100 claims in two separate continuous blocks, covering 5,155 hectares. The project includes Mesoarchean mylonites and amphibolites, as well as younger Neoarchean metamorphic wackes and arkoses.

On and subject to the conditions set forth in the Agreement, in consideration for the Acquisition, the Company will issue an aggregate of 8,900,000 common shares to the shareholders of LEM (collectively).

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Avalon Enters into Off-take Agreement for Petalite Concentrates from Major International Glass-Ceramics Manufacturer

Avalon Enters into Off-take Agreement for Petalite Concentrates from Major International Glass-Ceramics Manufacturer

Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") is pleased to announce that it has secured a firm commitment to purchase petalite concentrates produced at the Company's Separation Rapids Lithium Project north of Kenora, Ontario. The off-take agreement is for a multiple number of years with a major non-Chinese international glass ceramic manufacturer. The agreement is subject to a number of conditions precedent, including the delivery and acceptance of a larger commercial sample of the petalite product. The customer has agreed to initially pay the current market price for the petalite product for at least the first year after commercial shipment commences. There is now considerable interest from other major glass ceramic manufacturers in Europe and Asia as there is presently a global shortage of petalite supply after China took control of the traditional petalite supply sources in Zimbabwe.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Electric Royalties Investor Increases Stake to 15.4% as Positive Cash Flow Comes into Sight

Electric Royalties Investor Increases Stake to 15.4% as Positive Cash Flow Comes into Sight

Stefan Gleason (the "Acquiror"), a private investor, today announced that he is filing another early warning report in connection with his acquisition of an additional 2% in outstanding shares of Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company"), taking his stake in the Company to approximately 15.4

"I am thrilled to continue snatching up steeply undervalued shares of this first-mover battery metals company, especially as its royalty portfolio appears poised to spin off several million dollars in annual cash flow within the next three years," said Gleason. "Management has demonstrated it can ink accretive deals while carefully guarding shareholder interests. Well positioned for today's inflationary environment, Electric Royalties' efficient business model has a bright future."

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×