Battery Metals

(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.

The Warrants, as amended, will be subject to an accelerated expiry provision such that if for any ten consecutive trading days (the "Premium Trading Days") during the unexpired term of the Warrants, the closing price of the Company's shares on the TSX Venture Exchange exceeds $0.14, representing the amended Warrant exercise price of $0.1125 plus 25%, the exercise period of the Warrants will be reduced to 30 days, starting seven days after the last Premium Trading Day. The Company will announce any such accelerated expiry date by press release. All other terms of the Warrants remain unchanged.

The amendments described above are subject to approval by the holders of the Warrants and by the TSX Venture Exchange (the "Warrant Amendment Approval").

Warrant Exercise Incentive Program

The Company also announces that if it obtains Warrant Amendment Approval, the Company will institute a warrant exercise incentive program (the "Incentive Program") designed to encourage the early exercise of the 3,997,333 Warrants. Under the Incentive Program, the Company will offer an inducement to each Warrant holder that exercises its Warrants during a period of 30 days from receipt of Warrant Amendment Approval, by the issuance of one additional common share purchase warrant (an "Incentive Warrant") for each Warrant exercised during the 30-day period. Each Incentive Warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.15 for a period of one year from the date of Warrant Amendment Approval.

The Incentive Program will commence upon receipt of Warrant Amendment Approval and will expire 30 days thereafter at 4:00 p.m. (Vancouver time). The Incentive Warrants will include an accelerated expiry provision such that if, for any ten consecutive trading days during the one-year term of the Incentive Warrants, the closing price of the Company's shares on the TSX Venture Exchange is at least $0.15, the exercise period of the Incentive Warrants will be reduced to 30 days. The Company will announce any such accelerated expiry date of the Incentive Warrants by press release.

The Company intends to issue an updating news release upon receipt, if any, of Warrant Amendment Approval and commencement of the Incentive Program, outlining the terms and conditions and the method of exercising Warrants pursuant to the Incentive Program. The Incentive Program is subject to approval by the TSX Venture Exchange.

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 60,000 m 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 is being conducted 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 Begins to Produce Metal Concentrates for EV Client Evaluation

Canada Silver Cobalt Begins to Produce Metal Concentrates for EV Client Evaluation

(TheNewswire)

Canada Silver Cobalt Works Inc.

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

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
Marvel Provides Exploration Update At Its Hope Brook Project Contiguous To Benton-Sokoman JV, NFLD.

Marvel Provides Exploration Update At Its Hope Brook Project Contiguous To Benton-Sokoman JV, NFLD.

VANCOUVER, BC / ACCESSWIRE /September 23, 2022 / Marvel Discovery Corp.(TSXV:MARV)(Frankfurt:O4T)(OTCQB:MARVF), ("Marvel");and Falcon Gold Corp. (FG: TSX-V), (3FA: GR), (FGLDF: OTCQB), ("Falcon");and together (the "Alliance") are pleased to provide an update on their combined exploration focus for their Hope Brook Projects which are strategically located contiguous to Benton-Sokoman's Joint Venture, and First Mining's ground which was recently optioned to Big Ridge Exploration. The Alliance had originally planned to complete high resolution magnetic gradiometer surveys over the project area, a proven method to distinguish structural complexities in geological terranes. Start of the survey work has been delayed due to helicopter availability from forest fires in Central Newfoundland, a state of emergency was issued. Providing the Alliance an opportunity to conduct a geophysical review and structural interpretation over the Hope Brook project area in advance of the survey and surface work. The Alliance is pleased to announce that the geophysical review has identified kilometer-scale shear zone corridors, and a major fold closure, interpreted from the magnetic patterns, within the Hope Brook Property area. These will be the focus of prospecting and till sampling projects employed to verify the structures and determine their mineralization potential. With recent success in identifying anomalous gold, tungsten, silver, and copper reported by Falcon at their Gander North Property (September 15, 2022), the Alliance has shifted their exploration focus to the Gander district.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Avalon and LG Energy Solution Sign Memorandum of Understanding to Accelerate Ontario's Lithium Battery Materials Supply Chain

Avalon and LG Energy Solution Sign Memorandum of Understanding to Accelerate Ontario's Lithium Battery Materials Supply Chain

Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) ("Avalon" or the "Company") ") is pleased to announce that it has signed a non-binding memorandum of understanding (the "MOU") with LG Energy Solution (LGES) (KRX: 373220) to supply LGES with a battery-grade lithium hydroxide starting in 2025.

Avalon plans to establish a regional lithium battery materials supply chain in Ontario to serve the needs of future electric vehicle and lithium-ion battery manufacturers in southern Ontario and elsewhere.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
LithiumBank Commences Hydrogeological Study and Renames Fox Creek to Park Place Lithium Brine Project

LithiumBank Commences Hydrogeological Study and Renames Fox Creek to Park Place Lithium Brine Project

LithiumBank Resources Corp. ( TSX-V: LBNK ) ( OTCQX: LBNKF) (" LithiumBank " or the " Company ") is pleased to announce the commencement of a hydrogeological study at the Park Place Lithium Brine Project, formally known as Fox Creek, located in west-central Alberta, approximately 180 km east of Edmonton along the Trans-Canada Highway.

LithiumBank has engaged Matrix Solutions Inc. ("Matrix") to conduct a hydrogeological study of LithiumBank's Park Place mineral permit area (Figure 1). Geologically, the area is underlain by the prospective Leduc Carbonate Reef complex and Beaverhill Lake Group. Matrix will utilize pre-existing data to determine porosity, permeability, transmissivity, and volume estimates of lithium-bearing brine. These estimates are expected to be used to complete a NI 43-101 Mineral Resource Estimate.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Phase 2 Drilling Returns Lithium Oxide Concentrations of 3.62% Over 6.46m, 2.91% Over 7.89m, 2.73% Over 8.39m and 2.45% Over 9.9m at International Lithium Corp.'s Raleigh Lake Lithium Project, Ontario, Canada

Phase 2 Drilling Returns Lithium Oxide Concentrations of 3.62% Over 6.46m, 2.91% Over 7.89m, 2.73% Over 8.39m and 2.45% Over 9.9m at International Lithium Corp.'s Raleigh Lake Lithium Project, Ontario, Canada

International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) (the "Company" or "ILC") is pleased to announce the complete assay results for Phase 2 of the diamond drilling program at the Raleigh Lake Lithium project near Ignace, Ontario, Canada.

Further to Company news releases dated February 9, March 21, May 17, and June 23, 2022; ILC completed 6,251 metres core drilling at the Raleigh Lake project in two phases. Phase 1 ran during the winter months of March and April 2022 where ten (10) holes were drilled for a total of 2,053 metres. Phase 2 ran from May 12 to June 30, 2022 drilling 4,198 metres in twenty-six (26) holes (Table 1). Phase 2 saw six holes targeting Zone 2 and twenty holes within Zone 1. This brings the total to eight holes drilled at Zone 2 and twenty-eight at Zone 1 in 2022 so far.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
NEO Exchange Lists Another Strategic Minerals Mining Company With Graduation of Alpha Lithium

NEO Exchange Lists Another Strategic Minerals Mining Company With Graduation of Alpha Lithium

NEO welcomes Alpha Lithium Corporation , a lithium mining company headquartered in Vancouver, British Columbia. Alpha Lithium begins trading today on the NEO Exchange under the symbol ALLI , following a voluntary delisting from the TSX-Venture Exchange.

"Supporting the enablers of the Innovation Economy is one of our top priorities, and Alpha Lithium is a lighthouse example of delivering on this endeavor," said Jos Schmitt, President of NEO and SVP of Global Listings for Cboe Global Markets. "Alpha Lithium is now our fifth and largest strategic minerals mining listing. Alpha Lithium is also the most recent listing in a steady flow of companies graduating from venture exchanges to NEO as their Canadian main board. This is a trend that we expect to continue as we focus on providing issuers with global exposure and trading liquidity. We are honoured to welcome Alpha Lithium as our newest corporate partner and look forward, with much anticipation, to the future results of their lithium exploration in Argentina."

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
CYPRESS DEVELOPMENT CONFIRMS PRODUCTION OF BATTERY GRADE LITHIUM CARBONATE

CYPRESS DEVELOPMENT CONFIRMS PRODUCTION OF BATTERY GRADE LITHIUM CARBONATE

TSXV: CYP | OTCQX: CYDVF

Cypress Development Corp. (TSXV: CYP) (OTCQX: CYDVF) (Frankfurt: C1Z1) (Cypress or Company) is pleased to report it has achieved a significant milestone with the production of 99.94% lithium carbonate (Li 2 CO 3 ) made from lithium-bearing claystone from the Company's 100%-owned Clayton Valley Lithium Project in Nevada, USA (Project). The Li 2 CO 3 was derived from the intermediate concentrated lithium solution produced at Cypress' Lithium Extraction Facility in Amargosa Valley, Nevada (Pilot Plant). Following direct lithium extraction (DLE) at the Plant, Saltworks Technologies Inc. (Saltworks) completed the processing system design and pilot work to make the Li 2 CO 3.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×