Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the “ Company ” or “ Canada Silver Cobalt ”) announces that it has filed its audited consolidated financial statements for the fiscal year ended December 31, 2022 and condensed interim consolidated financial statements for the three months ended March 31, 2023 as well as the related management’s discussion and analysis and CEO and CFO certifications. The documents are available under the Corporation’s profile on SEDAR at www.sedar.com and the financial statements and MD&A are also available on the Corporation’s website at www.canadasilvercobaltworks.com/investors .
The Company also announces that the British Columbia Securities Commission has revoked the management cease-trade order (“MCTO”) issued on May 2, 2023. The MCTO prohibited the Chief Executive Officer and Chief Financial Officer of the Company from trading in securities of the Company but did not affect the ability of persons other than the CEO and CFO to trade in the Company's securities.
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 a nearly 16,000-metre drill program on the Graal 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. (3) lithium property – 230 square kilometers of greenfield exploration ground focused along a significant volcanic sedimentary rock – Archean granite contact near Cochrane, Ontario contiguous to Power Metals’ Case Lake Lithium properties. 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
Or:
Wayne Cheveldayoff,
Corporate Communications
P: 416-710-2410
E: waynecheveldayoff@gmail.co
Neither 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.
(TheNewswire)
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January 19, 2024 TheNewswire - Coquitlam, BC, Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce that further to its news release dated January 4, 2024, the TSX Venture Exchange has accepted the name change to " Nord Precious Metals Mining Inc. ".
The shares will commence trading under the new name and trading symbol " NTH ", effective Tuesday, January 23, 2024, at the market open. The Company's new CUSIP number will be 65558V100".
Further to the Company's news release dated December 4, 2023, the Company would like to correct the disclosure regarding the 2,002,503 warrants that expired on June 29, 2023, and were not extended and are not eligible for repricing.
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 and 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 a nearly 16,000-metre drill program on the Graal 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. (3) St. Denis-Sangster lithium project – 260 square kilometers of greenfield exploration ground with numerous pegmatites focussed along a significant volcanic sedimentary rock – Archean granite contact near Cochrane, Ontario contiguous to Power Metals' Case Lake Lithium properties.
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 is available 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
or:
Wayne Cheveldayoff,
Corporate Communications
P: 416-710-2410
E: waynecheveldayoff@gmail.com
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.
Copyright (c) 2024 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
(TheNewswire)
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Coquitlam, BCCanada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the "Company" or "Canada Silver Cobalt is pleased to announce that shareholders at the Annual and General Meeting held on October 31, 2023 voted in favour to change the Company's name to "Nord Precious Metals Mining Inc". The new name will better reflect the direction of the Company. The name change is subject to TSX Venture Exchange ("Exchange") approval.
The name change is expected to be effective in the coming days, pursuant to filing Articles of Amendment and the acceptance of the Exchange. The Company will issue a further news release announcing the new CUSIP number, new trading symbol and effective date when the Company will trade under the new name and symbol.
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 and 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 a nearly 16,000-metre drill program on the Graal 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. (3) St. Denis-Sangster lithium project – 260 square kilometers of greenfield exploration ground with numerous pegmatites focussed along a significant volcanic sedimentary rock – Archean granite contact near Cochrane, Ontario contiguous to Power Metals' Case Lake Lithium properties.
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 is available 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
or:
Wayne Cheveldayoff,
Corporate Communications
P: 416-710-2410
E: waynecheveldayoff@gmail.com
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.
Copyright (c) 2024 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
(TheNewswire)
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New discoveries of precious and battery metals and progress towards surfacing value for shareholders through a spinout of a potentially large nickel-copper-cobalt property in Quebec
Coquitlam, BC TheNewswire - December 21, 2023 - Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the "Company" or "Canada Silver Cobalt") has experienced a dynamic and fruitful year marked by significant milestones across its diverse portfolio of mining projects. The company achieved notable progress in key areas, demonstrating its commitment to exploration, innovation, and sustainable resource development.
"Despite difficult market conditions, the Company was able to move forward on a number of fronts in 2023. We expect to make several announcements in Q1 2024 on the results of the exploration activities we undertook in the second half of the year and to provide further information on our plans for the different properties," said Matthew Halliday, P. Geo., President and Chief Operating Officer.
Summary Review of 2023 Activities
Castle East – Uncovering Riches Below Ground
January 17th: Canada Silver Cobalt unveiled promising gold intercepts at Castle East, highlighting the success of the previous drill program and the potential for gold to be an important addition to the major high-grade silver-cobalt deposit at Castle East.
May 8th: Additional targets were identified, leading to surface stripping to further explore gold and silver intercepts. Following the receipt of permits, the company initiated stripping activities, followed by analytical work that culminated in a successful drilling campaign later in the year.
June 28th: An airborne survey, employing ALS Goldspot's MPASS technology, was conducted at the Castle Mine property, adding important geological data for the Company's drill targeting.
Prospecting efforts resulted in a noteworthy 6.07 g/t gold hit southwest of Castle East drilling. Successful stripping and channel sampling around this area revealed multiple surface samples with gold concentrations up to 3.2 g/t.
November 30th: Drilling activities commenced at Castle, targeting new gold and silver mineralization, and further advancing the exploration efforts.
Processing and Re2Ox – Extracting Value from Waste
January 25th: Canada Silver Cobalt achieved a major milestone by releasing assay results showcasing 29,165 g/t silver extracted from concentrate of Castle mine waste rock.
February 7th: Additional assays from concentrate revealed 11% cobalt and 4% nickel content.
The company is eagerly anticipating new legislation and regulations for Ontario Recovery Permits, offering benefits such as mineral recovery from tailings and waste piles without a closure plan at the Castle and Beaver properties. This may also open up the opportunity for the Company to process waste materials from other properties not held by the Company.
Coniagas – A Strategic Spinout
February 16th: Phase 2 drilling results at the Graal property in northern Quebec were released, highlighting massive and semi-massive sulphide zones with exciting high-grade nickel, copper, and cobalt concentrations. The Company is working on a spinout of the Graal property into a separate publicly traded company called Coniagas Battery Metals Inc.
May 2nd: The technical report on the Graal project was updated, providing valuable insights into the project's potential.
December 4th: Coniagas Battery Metals Inc. achieved a conditional listing on the TSX Venture Exchange, marking a significant step forward for the spinout.
St. Denis and Sangster – Lithium and Pegmatite Discoveries
Throughout the year, Canada Silver Cobalt made significant strides at St. Denis and Sangster in northern Ontario, expanding its lithium and pegmatite exploration efforts.
July 10th: An ALS Goldspot MPASS technology airborne survey covered the entire Sangster claims and select areas of St. Denis, contributing to the ongoing exploration initiatives.
October 17th: Geologists confirmed numerous pegmatites while on the ground at Sangster with a notable 20m wide and 70m long pegmatite discovery.
October 25th: Discovery of 12 new promising pegmatite areas and samples taken at St. Denis, emphasizing the fruitful exploration program and the ongoing goal of mapping and sampling multiple pegmatites.
Lac Edouard – A New Frontier for Exploration
November 28th: Canada Silver Cobalt acquired the 2,335-hectare Lac Guay property near Lac Edouard in central Quebec with geologically favorable conditions for base metal and gold exploration.
December 18th: Drilling commenced at the Company's Lowney-Lac Edouard property, focusing on nickel-copper exploration, opening up new possibilities for resource discovery.
As Canada Silver Cobalt reflects on the accomplishments of the past year, the Company remains committed to responsible and innovative resource development, positioning itself for continued success in the mining industry.
Investors, media, and stakeholders are invited to stay updated on the latest developments by visiting the Company's website at www.canadasilvercobaltworks.com .
Qualified person
The technical information in this news release was approved by and prepared under the supervision of Matthew Halliday, P.Geo., (PGO), President and COO of Canada Silver Cobalt Works Inc., 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 a nearly 16,000-metre drill program on the Graal property; (2) the prospective 1,000-hectare Eby-Otto gold property close to Agnico Eagle's high-grade Macassa Mine near Kirkland Lake, Ontario; and (3) the St. Denis-Sangster lithium project – 260 square kilometers of greenfield exploration ground with numerous pegmatites focussed along a significant volcanic sedimentary rock – Archean granite contact near Cochrane, Ontario contiguous to Power Metals' Case Lake Lithium properties.
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
Or:
Wayne Cheveldayoff,
Corporate Communications
P: 416-710-2410
E: waynecheveldayoff@gmail.com
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. Canada Silver Cobalt Works Inc. does not undertake, and assumes no obligation, to update or revise, any such forward-looking statements or forward-looking information contained herein or in other communications to reflect new events or circumstances, except as may be required by law.
Copyright (c) 2023 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
(TheNewswire)
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The property has many yet-to-be-drilled targets and prospective electromagnetic anomalies identified by an airborne geophysical survey.
Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the " Company " or " Canada Silver Cobalt ") is pleased to announce that it has commenced drilling at its Lowney-Lac Edouard property as part of the first phase of an exploration program targeting prospective areas identified previously in an airborne geophysical survey
The drilling is being conducted in the center and southern part of the 7,237-hectare property in areas where five electromagnetic anomalies were identified by a Geotech VTEM airborne geophysical survey conducted for Canada Silver Cobalt (see news releases May 24, 2022 and August 29, 2022).
The Lowney-Lac Edouard property is south of the past-producing nickel-copper Lac Edouard Mine and right next to a property where Rio Tinto, in a 2023 drilling program in the Savane area of a Midland Exploration Inc. property, discovered high-grade nickel with copper. Midland reported in an April 27, 2023 news release that Hole MDLD0001, drilled by Rio Tinto, intersected an interval grading 1.07% Ni and 0.13% Cu over 0.78 metres, from 101.87 to 102.65 metres. Midland also reported that grab samples taken by prospectors in the Savane area in 1995 yielded historical values of 1.80% Ni and 0.20% Cu. Another grab sample from a sub-cropping boulder also yielded grades of 1.98% Ni and 0.46% Cu about 250 metres north of the Savane showing (Source: SIGEOM NTS sheet 31P07; GM55352). This may not be representative of the mineralisation of Lowney-Lac Edouard.
The area, which has good road access and infrastructure, is near La Tuque in Central Quebec and is located north of the port of Trois Rivieres and approximately 100 km northwest of Quebec City. (See maps below.)
"We are excited to be following up on what we found in the VTEM geophysical survey. We had to limit our exploration activity this past summer due to forest fires in Quebec but now is the time to catch up and we are looking forward to seeing this property develop further," said Frank J. Basa, Chief Executive Officer.
The first phase is expected to involve 1,500 metres of drilling and the second phase, planned for 2024, dependent on drill results from the first phase, could include the testing of additional targets. The Company has engaged Laurentia Exploration, Multi Drilling Services and GoldMinds Geoservices for this campaign. Drilling in this first phase is limited to targets near existing logging roads where permits allow and the Company is awaiting permits needed for drilling in other areas of the property.
The Lowney-Lac Edouard property is one of 14 critical metals properties in Quebec acquired in late 2020 by Canada Silver Cobalt targeting nickel, copper, and cobalt mineralization in preparation for the significantly increased demand for the metals expected for the ongoing electrification programs planned by governments. (See news releases February 16 and April 20, 2021 and August 29, 2022 for descriptions of the Lowney-Lac Edouard property).
One of the 14 Quebec properties – the Graal property, where the Company drilled extensively and successfully in 2021 and 2022 – has been shown to have potentially a large area of near-surface, high-grade nickel-copper mineralization with cobalt byproduct and showings of platinum and palladium in a 6 km strike length as well as in other areas of the property. The Graal property is characterized by a large Bouguer gravity anomaly as is the case with Lowney-Lac Edouard. The Company plans to spin out the Graal Property into a new Company called Coniagas Battery Metals Inc. (See news release September 26, 2023.)
Note that the Figure 2 map below is updated to November 20, 2023 and the Figure 3 map is from March 2022.
Figure 1: Location of the Lowney-Lac Edouard and recently acquired Lac Guay properties
Click Image To View Full Size
Figure 2: Lowney-Lac Edouard property mineral claims
Click Image To View Full Size
Figure 3: Location of the Lowney-Lac Edouard property with adjacent properties
Click Image To View Full Size
Figure 4: Planned drill locations at Lowney-Lac Edouard South
Click Image To View Full Size
Qualified person
The technical information in this news release has been provided by Laurentia technical team and the content was reviewed and approved by Claude Duplessis, P.Eng., GoldMinds Geoservices Inc., a m ember of Québec Order of Engineers and an independent qualified person in accordance with National Instrument 43- 101 standards.
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 a nearly 16,000-metre drill program on the Graal property; (2) the prospective 1,000-hectare Eby-Otto gold property close to Agnico Eagle's high-grade Macassa Mine near Kirkland Lake, Ontario; and (3) the St. Denis-Sangster lithium project – 260 square kilometers of greenfield exploration ground with numerous pegmatites focussed along a significant volcanic sedimentary rock – Archean granite contact near Cochrane, Ontario contiguous to Power Metals' Case Lake Lithium properties.
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
Or:
Wayne Cheveldayoff,
Corporate Communications
P: 416-710-2410
E: waynecheveldayoff@gmail.com
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. Canada Silver Cobalt Works Inc. does not undertake, and assumes no obligation, to update or revise, any such forward-looking statements or forward-looking information contained herein or in other communications to reflect new events or circumstances, except as may be required by law.
Copyright (c) 2023 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
(TheNewswire)
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Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the " Company " or " Canada Silver Cobalt ") announces that it is proposing to amend the terms of an aggregate 23,380,092 outstanding common share purchase warrants ("Warrants") by amending the exercise price to $0.06 per share
7,377,274 of the Warrants were issued pursuant to a private placement that closed on December 1, 2022. The Warrants have an exercise price of $0.15 and expire on December 1, 2024. The Company intends to amend the Warrant exercise price from $0.15 per share to $0.06 per share.
8,340,910 of the Warrants were issued pursuant to a private placement that closed on October 19, 2022. The Warrants have an exercise price of $0.15 and expire on October 19, 2024. The Company intends to amend the Warrant exercise price from $0.15 per share to $0.06 per share.
2,002,503 of the Warrants were issued pursuant to a private placement that closed on June 29, 2021. The Warrants have an exercise price of $0.60 and expire on June 29, 2026. The Company intends to amend the Warrant exercise price from $0.60 per share to $0.06 per share.
3,566,071 of the Warrants were issued pursuant to a private placement that closed on November 14, 2019. The Warrants have an exercise price of $0.55 and expire on November 14, 2024. The Company intends to amend the Warrant exercise price from $0.55 per share to $0.06 per share.
2,093,334 of the Warrants were issued in two tranches pursuant to a private placement that closed on September 13, 2019. The Warrants have an exercise price of $0.50 and two expiry dates, one being September 13, 2024 and one being September 6, 2024. The Company intends to amend the Warrant exercise price from $0.50 per share to $0.06 per share.
In accordance with the policies of the TSX Venture Exchange ("Exchange"), the terms of 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 $0.075, representing the amended Warrant exercise price of $0.06 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").
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 a nearly 16,000-metre drill program on the Graal 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. (3) St. Denis-Sangster lithium project – 260 square kilometers of greenfield exploration ground with numerous pegmatites focussed along a significant volcanic sedimentary rock – Archean granite contact near Cochrane, Ontario contiguous to Power Metals' Case Lake Lithium properties.
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
Or
Wayne Cheveldayoff,
Corporate Communications
P: 416-710-2410
E: waynecheveldayoff@gmail.com
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. Canada Silver Cobalt Works Inc. does not undertake, and assumes no obligation, to update or revise, any such forward-looking statements or forward-looking information contained herein or in other communications to reflect new events or circumstances, except as may be required by law.
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After spending much of the last two years trending downwards, the cobalt price is spiking in 2025.
About 75 percent of global cobalt output comes from the Democratic Republic of Congo (DRC). While electric vehicle (EV) demand has remained positive, cobalt oversupply has weighed on markets and hurt efforts to build supply chains outside of the DRC.
However, the country banned exports of cobalt in February in an effort to increase the metal's falling price. By mid-March, cobalt had spiked to US$36,170 per tonne, up more than 65 percent from its record-low price of US$21,550 hit in late January.
Increasing electric vehicle (EV) and lithium-ion battery demand is expected to be supportive for key battery raw materials in the coming years. This means that as demand for EVs increases, so too will demand for cobalt — and, as one of the top four cobalt-producing countries in the world, Australia finds itself in a position to capitalise on this demand.
Though it is only responsible for less than 2 percent of the world’s cobalt production, Australia holds about 15.5 percent of global reserves. Moreover, while the DRC’s labour and mining practices have often been labeled unethical and unsustainable, Australian miners are focused on safer, more environmentally friendly practices.
For investors looking to get exposure to the Australian cobalt market, these ASX cobalt stocks may be a good place to start.
Read on for a look at the biggest cobalt stocks on the ASX by market cap. All market cap and share price data was obtained on April 9, 2025, using TradingView's stock screener.
Market cap: AU$75.88 million
Share price: AU$0.365
Ardea Resources' primary focus is developing its wholly owned Kalgoorlie nickel project, which the company says “hosts the largest nickel-cobalt resource in the developed world.”
Located in Western Australia, the project includes the Goongarrie Hub deposit.
A 2023 prefeasibility study shows that the Goongarrie Hub has an ore reserve of 194.1 million tonnes at 0.05 percent cobalt and 0.7 percent nickel, resulting in 99,000 tonnes of contained cobalt and 1.36 million tonnes of contained nickel.
The study indicates that this resource would support an open-pit mining operation with a 40 year mine life and annual output of 2,000 tonnes of cobalt and 30,000 tonnes of nickel.
Ardea is now working on a definitive feasibility study (DFS) with funding from its strategic partners, Sumitomo Metal Mining Co. (TSE:5713) and Mitsubishi (TSE:8058).
The DFS is slated for completion in the second half of 2025.
Market cap: AU$21.97 million
Share price: AU$0.052
Cobalt Blue Holdings focuses solely on cobalt and is enthusiastic about the metal’s ethical and environmental potential within the renewable energy market. The company owns the New South Wales-based Broken Hill project, a cobalt asset that it says adheres to Australian labour and sustainability standards. It is also planning the Kwinana cobalt-nickel refinery.
In November 2023, Cobalt Blue released the results of its cobalt-nickel refinery study. During Stage 1, the proposed refinery will process third-party feedstock and will have a capacity of 3,000 tonnes of cobalt sulphate per year, along with 1,000 tonnes of nickel sulphate annually. Stage 2 will have the option to include potential feedstock from Broken Hill. The study projects stable margins throughout potential cobalt price fluctuations.
The company's potential partner for the refinery is Iwatani (TSE:8088), a battery minerals trader. According to Cobalt Blue, if everything goes through as planned, the refinery will be constructed on Iwatani's property in Western Australia's Kwinana industrial area.
Cobalt Blue provided an update on the refinery in late March 2025, reporting that 80 percent of the detailed plant engineering is completed and the refinery is advancing through the final stages to support a final investment decision. The two companies executed a pre-final investment decision consortium deed on April 11, and stated a decision is expected by December 31.
Market cap: AU$18.92 million
Share price: AU$0.071
Coda Minerals is advancing its Elizabeth Creek copper-cobalt-silver project located in the Olympic Copper Province of South Australia.
Coda completed an updated scoping study on the project in December 2024, which demonstrated robust economics with a 16 year mine life and the potential for annual production of about 26,700 tonnes of copper and 1,300 tonnes of cobalt at steady state production levels.
The mine plan includes three open-pit mines, one underground mine and a hydrometallurgical processing plant. During Phase 1 of planned production, Coda is looking to produce copper-cobalt concentrate over a one year period to generate cash-flow.
Once in Phase 2, the hydrometallurgical plant is intended to produce higher value saleable end-products such as copper cathode and battery-grade cobalt sulphate.
In March 2025, Coda announced the completion of a four-hole drill program on Elizabeth Creek's Emmie East copper-cobalt prospect located immediately east and to the south-east of the underground Emmie Bluff deposit. While assays are still pending as of April 9, Coda believes results have the potential to identify an extension of Emmie Bluff.
Market cap: AU$10.43 million
Share price: AU$0.145
Norway-focused Kuniko is targeting three metals key for the EV industry: cobalt, nickel and copper.
The majority of its assets are in Norway, including its Skuterud cobalt project, Undal-Nyberget copper project and Ringerike battery metals project. Ringerike hosts the past-producing Ertelien nickel-copper-cobalt target.
In 2023, Kuniko received an investment of AU$7.8 million by Stellantis (NYSE:STLA), which acquired a 19.99 percent interest in Kuniko and secured a 35 percent offtake for future production of nickel and cobalt sulphate from Kuniko's Norwegian projects for nine years.
Kuniko undertook a second phase expansion drill program over the summer of 2024 at Ertelien. “Our aim is to demonstrate progress towards developing a Voisey Bay style resource as a potential new source of critical battery metals for European industries,” Kuniko CEO Antony Beckmand stated.
In December 2024, the company released an updated resource estimate for Ertelien that included the results from that program.
The new resource totals 40 million tonnes at an average grade of 0.25 percent nickel equivalent, made up of 22 million tonnes of indicated resources at 0.26 percent nickel equivalent and 18 million tonnes of inferred resources at 0.25 percent.
Overall, the deposit contains 5,600 tonnes of cobalt, 71,000 tonnes of nickel and 49,000 tonnes of copper.
Don’t forget to follow us @INN_Australia for real-time updates!
Securities Disclosure: I, Melissa Pistilli, currently hold no direct investment interest in any company mentioned in this article.
Cobalt metal prices fell to a nine year low in February after another year of oversupply, but rebounded sharply after the Democratic Republic of Congo (DRC) instituted a four month export pause for the critical metal.
After starting the year at US$24,495 per metric ton, cobalt ended the three month period at US$34,040.40, a strong 39 percent increase from January’s value. The price spread between cobalt’s first quarter low of US$21,467.70 on January 29 and its Q1 high of US$36,262 on March 17 is even more impressive at 69 percent.
The drop to US$21,467.70 marked the battery metal's lowest level since February 2016.
Cobalt's Q1 price activity comes after a persistent glut in the market prevented prices from gaining in 2024, and this oversupply continued to weigh the market down for the first 45 days of 2025.
A February 22 announcement that DRC would curtail cobalt shipments until the end of June provided much-needed tailwinds for prices, propelling them to highs last seen in 2023. Now sitting at the US$33,660.80 level, questions abound about what will happen to cobalt prices and the supply landscape during the rest of the year.
Cobalt supply has ballooned over the last five years, with annual mine supply of the critical metal growing from 140,000 metric tons in 2020 to 290,000 metric tons in 2024. This 107 percent increase has far outpaced rising demand from the electric vehicle (EV) sector and other end-use segments, leading to a massive oversupply.
In mid-February, Rob Searle, battery raw materials analyst at Fastmarkets, wrote that while sector participants were waiting to see whether demand would pick up after the Lunar New Year, his firm wasn't overly optimistic on prices.
"At this stage we are not expecting a significant price correction given the oversupplied nature of the market from intermediates to cobalt metal," he explained, adding that cobalt could be due for "another bearish year."
Searle also noted that producer CMOC’s (OTC Pink:CMCLF,SHA:603993) 2025 guidance is pegged at 100,000 to 120,000 metric tons, on par with the 114,000 metric tons it produced in 2024.
Looking at the US, he said while potential tariffs on Canadian cobalt metal could create short-term tightness for "certain Western brands," Fastmarkets wasn't looking for a strong 2025 recovery in standard-grade cobalt metal pricing.
In response to the free-falling cobalt metal price, the DRC — the world’s leading cobalt-producing country by far — enacted a four month cobalt export suspension on February 24. The move quickly added tailwinds to cobalt metal prices, which as mentioned rose to a two year high of US$36,262 on March 17.
“The cobalt market has been quiet and stagnant for some time as production has far outstripped demand in the last 18 months. This was the first sign of life and took nearly all parties by surprise … a cut of supply this large will likely lead to a significant price correction in the coming months,” Searle noted in a March 14 release.
“Post-June, when the ban is supposed to lift, the potential for export quotas going forward could support cobalt hydroxide and metal prices for the remainder of 2025 and into 2026.”
While companies are unable to ship cobalt hydroxide from the DRC, the suspension does not prevent the production and stockpiling of the critical material. Officials plan to review the embargo after three months.
The battery sector remains the largest cobalt end-use segment, representing approximately 70 percent of demand. This includes batteries in EVs, consumer goods and energy storage systems.
Super alloys, tooling and chemicals and catalysts account for the majority of the remaining 30 percent, with a small fraction also being used in magnets, medical implants and additive manufacturing (3D printing).
As Adam Webb, head of battery raw materials at Benchmark Mineral Intelligence, explained at the Toronto-based Benchmark Summit in March, positive forecasts and significant growth in the EV market in 2020 and 2021 led to a widespread demand uptick for battery raw materials, including cobalt.
“That led to markets going into deficit, prices rising, and that incentivized new production to come online,” he said.
“But bringing on a new mine is not like turning on a tap — it takes time. So that new supply that was incentivized eventually came online a couple of years later, at the same time there’s been a slowdown in the growth of that demand, and that's led to all of these markets becoming oversupplied and weighing on prices," Webb added.
Although global EV sales have been lower than projected, the sector has registered widespread growth, setting a sales record in 2024 of 17.1 million EVs sold, representing a 25 percent year-on-year increase.
Regionally, China dominated with 40 percent growth, capped by a historic December that saw 1.3 million EVs sold, the highest monthly volume ever recorded, according to RhoMotion. The US posted a modest 9 percent uptick, fueled by federal tax credits that are now threatened by potential Trump administration rollbacks; meanwhile, Europe lagged with a 3 percent decline as automakers and consumers braced for tougher 2025 emissions standards.
“What is clear is that Government carrots and sticks are working,” Rho Motion data manager Charles Lester said in a January report. He explained that subsidies, incentives and mandates in the UK and North America supported growth.
“Meanwhile the removal of subsidies in Germany had a devastating impact on the whole European market, if the US follows suit, we may see the same there,” Lester added.
While full Q1 data for EV sales is yet to be available, January brought sales of 1.3 million units, an 18 percent year-on-year increase. The steady increase has prompted Rho Motion to forecast full-year sales exceeding 20 million units.
While EV sales continue to rise, cobalt’s future demand outlook is slightly obscured. The opacity is due to its growing substitution, with some battery chemistries using smaller amounts or no cobalt at all.
Although lithium nickel manganese cobalt oxide (NMC) batteries remain the preferred chemistry for EV batteries, lithium iron phosphate (LFP) chemistries have been increasing their market share. Accounting for 6 percent of the battery sector in 2020, LFPs now comprise as much as 34 percent of the market.
Even with low prices making cobalt affordable, the market is fraught with issues that make substitution appealing.
Human rights abuses, including child labor and unsafe work conditions in the DRC, have long plagued the country’s cobalt sector. These ethical concerns have prompted companies to seek more sustainable and humane alternatives.
Concentration of production has also created instability in the cobalt supply chain. The DRC's dominance in cobalt production, accounting for over 60 percent of global supply, exposes manufacturers to geopolitical and supply risks.
To combat these issues, researchers and companies are developing cobalt-free battery technologies, such as lithium-ion batteries using nickel-rich cathodes, which perform comparably to traditional cobalt-based batteries.
“In 2024, the volume of cobalt deployed per vehicle declined by 25 percent year on year,” as per Fastmarkets.
While demand for cobalt will continue due to the expansion of the EV market, these ethical, economic and supply chain concerns are driving the industry toward alternative battery chemistries with reduced or eliminated cobalt content.
In light of these factors, Benchmark’s Webb expects the cobalt sector's compound annual growth rate to be slightly lower than that of other battery raw materials, coming in at 7 percent over the next decade.
“That's simply because cobalt is not used in every single lithium ion battery, whereas lithium — the clue is in the name — it is,” said Webb.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
Dear Valued Shareholders, Partners and Friends. Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") was founded on a simple yet powerful premise: to build a portfolio of royalties on critical metals that are essential to the clean energy transition. In the past five years, we have outperformed our original growth expectations by expanding our portfolio from 11 royalties to 43, and acquired 17 lithium properties that are optioned out with potential to become future cash-flowing royalties.
And yet, despite this ~290% increase in our portfolio size, our stock trades well below its value when we went public. Let me be clear-the value of the Electric Royalties portfolio is not reflected in our market capitalization. The market does not yet recognize this valuation gap.
A Portfolio Packed with Value
Our asset base is diversified across metals critical to the clean energy revolution. To underscore the potential intrinsic value of our portfolio, I would like to recap some of our cornerstone royalties and the progress they have enjoyed since we acquired them.
We acquired a cash flowing 0.75% Gross Revenue Royalty on the producing Punitaqui copper-gold mine in Chile in December 2024. The operator is currently focused on ramping up production to achieve 19 to 23 million pounds of copper annually, and near-mine exploration to extend mine life beyond the current seven years1.
The Battery Hill Manganese Project has seen excellent progress since we acquired our royalty in June 2020. Battery Hill is one of the largest carbonate manganese deposits in North America and has the potential to be a substantial contributor to the supply chain of high-purity manganese for the EV industry2. The project has moved smartly through establishing mineral resources, completing a Preliminary Economic Assessment( PEA) and now has a Pre-Feasibility Study (PFS) underway.
The PEA showcases a base case 47-year mine life with average annual revenues of approximately US$177 million3. Once Battery Hill is in production, Electric Royalties is entitled to 2% of annual revenues from the project arising from our 2% Gross Metal Royalty. We are not the only ones recognizing the potential at Battery Hill, as mining luminary Eric Sprott recently threw his support behind the project, providing funding to the operator, Manganese X, to produce the PFS (which is expected to be completed this year).
The PEA is preliminary in nature; it includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the projections in the PEA will be realized.
The Mont Sorcier Iron-Vanadium deposit is a very exciting development project in Canada. This project has attractive economics, in part due to the vanadium content on which Electric Royalties holds a 1% Gross Metal Royalty. Not only has considerable progress been made on the technical front with a funded Feasibility Study underway, but corporately a partnership has been established with Glencore, and there are clear indications of project financing for US$420 million from a UK export-import bank.
The PEA has a mine life of 21 years, a planned annual production rate of five million tonnes, and a US$15 per tonne vanadium credit4.
The PEA is preliminary in nature and includes Mineral Resources that are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that the projections in the PEA will be realized.
The Bissett Creek Graphite Project, located in Northern Ontario, Canada, is operated by Northern Graphite, one of the very few graphite producers outside of China. Our 1.5% Gross Revenue Royalty was the first royalty financing on an advanced graphite project. Northern Graphite has stated its goal to make Bissett Creek its flagship asset. The PEA calls for production of 33,183 tonnes per year5, and management has recently stated that they aim to ultimately produce up to 100,000 tonnes per year from Bissett Creek6 as part of their battery manufacturing JV intended to be set up in Ontario.
We acquired the 1.5% Net Smelter Royalty on Seymour Lake, located in Northern Ontario, Canada, for consideration of approximately C$1 million, which was paid in Electric Royalties shares in 2021. Since that time, the current operator has raised C$70 million for development activities, an updated mineral resource estimate and the completion of a PEA and is now preparing a Feasibility Study. The project has also benefited from strong federal government support, having received a C$100 million Letter of Intent for project financing with the intent of progressing the project towards becoming the first lithium mine to enter production in Ontario. Due to technical disclosure rules, I'm not able to comment on the project's planned production profile as the operator, Green Technology Metals, is listed on the ASX; however, I encourage people to visit their corporate website for more information.
Zonia is a copper oxide development project located in Arizona - a jurisdiction ranked by the Fraser Institute as seventh best of 86 mining jurisdictions assessed for Investment Attractiveness in 2023. Since we acquired our 0.5% Gross Revenue Royalty in March 2022, a resource update was completed resulting in the resource doubling from around 500 million pounds to close to 1 billion pounds of contained copper in the ground7. As a result, we expect that the upcoming Feasibility Study will have a larger production profile than the PEA. Due to technical disclosure rules, I am no longer able to publicly reference the PEA as it has been superseded by the technical report on the updated mineral resource estimate; however, a feasibility study is currently underway and due out in the near future. In the past few weeks, World Copper received a Letter of Intent for the acquisition of Zonia from World Copper with the intent of fast tracking the project to production.
The Middle Tennessee Zinc Mine (MTM) has been a swing producer of zinc for over 50 years and produced around 2 billion pounds of the metal during that time. Germanium and gallium are both important by-products at MTM and both have become of increasing strategic importance since China's ban on their export in 2024. Due to this renewed importance, and the recent uptick in zinc prices, we believe there is urgent incentive to get the currently idled mine back into production in the USA.
We acquired our 2.5% Net Smelter Royalty on the Graphmada Graphite Mine in Madagascar for shares in 2021. Although this isn't a significant long-term value driver for Electric Royalties due to a cumulative cap on revenues of A$5 million and an expiry date of January 1, 2029, it could have a large impact on immediate cash flows once the operator secures a partner to finance a return to production. Graphmada was previously in production for 18 months and consistently obtained product qualification with offtakers but was shut down due to Covid restrictions in the country. Management of the project is seeking project financing to re-start the mine.
We acquired our 1.5% Gross Revenue Royalty on the Penouta Tin Mine in Spain in 2023. After several quarters of cash flow to Electric Royalties, we were disappointed to learn of the Spanish court's revocation of Strategic Minerals' permit at the end of 2023. This came at a time when Penouta, Europe's only producing tin mine, was steadily ramping up production in an environment of steadily increasing tin prices. The idling of mine operations triggered a voluntary restructuring in November 2024. Management is working towards a positive resolution to the financial restructuring and permitting in the near future. With the recent stoppage of production at Alphamin's operations in the DRC due to regional conflict, tin prices have significantly increased8 and it would be welcome news indeed to have a successful permitting resolution at Penouta.
Sayona Mining raised over A$400 million to develop the North American Lithium Hub (NAL) in Northern Quebec, Canada. NAL is an integrated operation and went into production in March 2023. This is tremendous news for our 0.5% Gross Metal Royalty on part of the Authier lithium deposit, which we acquired in June 2020, in that Authier is a key part of that operation. In the NAL Feasibility Study, it is stated that Authier is planned to supply 1/3 of the feed to the NAL plant. The Authier royalty is the only royalty in our portfolio that doesn't cover the entire property, so exact royalty revenues annually are more difficult to estimate.
Some honorable mentions from the remaining 33 royalties and other assets in the portfolio:
Many of these projects are advancing towards production, with 4 royalties with potential to re-enter or enter production over the next twelve months, and feasibility studies expected on another 5 royalties over the same time period. Over C$700 million has been raised by operators to advance the projects in our royalty portfolio, and all of that positive development costs Electric Royalties nothing, nor will the remaining paths to cash flow on each of our 43 royalties.
Assets Across Secure Jurisdictions
We have carefully built a portfolio of royalties on assets in North America, Europe, and Australia-regions known for their stability, infrastructure, and commitment to responsible resource development. As global markets increasingly prioritize security of supply, particularly for critical minerals, we believe our focus on these stable, mining-friendly jurisdictions positions us ahead of the curve. Our royalties are on rapidly developing assets, with the potential to ensure long-term value for our shareholders.
The Benefits of a Royalty Model vs. Traditional Mining Companies
Unlike traditional mining companies, Electric Royalties carries minimal operational risk. We don't bear the cost of mine construction, permitting, or operational challenges. Our business model allows us to benefit from rising commodity prices, increased production, and mine expansions-all without the need for additional capital outlay from us. This low-risk, high-upside structure makes royalty companies one of the most resilient business models in the resource sector.
A Discussion of Our Valuation
The disconnect between our share price and our view of potential true value is stark. While the market may not yet appreciate what we have built, insiders certainly do. I, along with my extended family, own approximately 18% of the company. Stefan Gleason, a noteworthy investor and business owner in the resource sector, owns approximately 28%, while Globex Mining owns approximately 11%. The majority of the remaining shares are largely held by high-net-worth individuals who recognize the long-term potential of our portfolio. This concentrated, committed shareholder base speaks volumes about the belief in Electric Royalties' future success. However, management believes that the following factors are affecting current share valuation:
These liquidated shares have mostly been acquired by my extended family or Mr. Gleason via open market purchases. Hence Mr. Gleason, my family, and Globex Mining now own roughly 57% of the stock outstanding. We are pleased that the stock consolidation has resulted in supportive, long-term shareholders. Additionally, about 80% of our recent financing was filled by management's president's list - another vote of confidence by people closely following our story.
While we have what we believe to be a well positioned lithium royalty portfolio, we are quite diversified across the other eight clean energy metals and are planning to pursue more copper, tin, and zinc acquisitions in 2025 with a particular focus on copper assets. And while lithium prices are down, they are still double what they were when we made our first investments into our most advanced lithium assets, and copper and tin prices are currently performing well.
Roadmap for 2025: Growth, M&A, and a Transformative Transaction
We have a clear roadmap for the year ahead. Our 2025 plans include pursuing:
We are not sitting idle waiting for recognition. We continue to add value through acquisitions and strategic partnerships, ensuring we hold a dominant position in the clean energy metals space. We remain steadfast in our mission, and we believe that over time, fundamentals will win out.
Immediate Revenue Growth Potential
With the most recent acquisition of a new gross revenue royalty on the producing Punitaqui copper-gold mine in Chile, along with option payment revenues from our optioned lithium properties in Ontario, and advanced royalty payments on Bissett Creek, Electric Royalties has four royalties with the potential to either recommence production or enter production for the first time in 2025 including:
Development Growth Catalysts
A large portion of the value in our portfolio is derived from our near-term development royalty assets. There are exciting developments underway on assets the company acquired two to four years ago that have made significant strides towards being construction ready and ultimately closer to production. This year we are expecting major milestones for:
There are sure to be additional developments across the rest of the portfolio and management intends to find accretive transactions that will enhance the Company's value. The portfolio itself has many positive catalysts coming this year and is strategically positioned in clean energy metals projects that can become domestic sources of supply for North America, Europe and Australia.
Final Thoughts
I'd like to thank the board and team of Electric Royalties for your steadfast support while we navigated our wins and challenges during the past five years. As a CEO who founded the company and is personally invested, it pains me to see our valuation where it is today. We are committed to changing that this year by working hard to unlock the value in our portfolio.
To the shareholders who have been on this journey with us and recognize our value proposition, we thank you for your confidence. We believe our shareholders will ultimately be rewarded as our plans for 2025 and beyond come to fruition and market recognition increases.
Thank you for all your support.
Sincerely,
Brendan Yurik
Founder & CEO
Electric Royalties Ltd.
David Gaunt, P.Geo., a qualified person who is not independent of Electric Royalties, has reviewed and approved the technical information in this release.
About Electric Royalties Ltd.
Electric Royalties is a royalty company established to take advantage of the demand for a wide range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper) that will benefit from the drive toward electrification of a variety of consumer products: cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications.
Electric vehicle sales, battery production capacity and renewable energy generation are slated to increase significantly over the next several years and with it, the demand for these targeted commodities. This creates a unique opportunity to invest in and acquire royalties over the mines and projects that will supply the materials needed to fuel the electric revolution.
Electric Royalties has a growing portfolio of 43 royalties in lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper across the world. The Company is focused predominantly on acquiring royalties on advanced stage and operating projects to build a diversified portfolio located in jurisdictions with low geopolitical risk, which offers investors exposure to the clean energy transition via the underlying commodities required to rebuild the global infrastructure over the next several decades toward a decarbonized global economy.
For further information, please contact:
Brendan Yurik
CEO, Electric Royalties Ltd.
Phone: (604) 364‐3540
Email: Brendan.yurik@electricroyalties.com
https://www.electricroyalties.com/
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor any other regulatory body or securities exchange platform, accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward-Looking Information and Other Company Information
This letter includes forward-looking information and forward-looking statements (collectively, "forward-looking information") with respect to the Company within the meaning of Canadian securities laws. This letter includes information regarding other companies and projects owned by such other companies in which the Company holds a royalty interest, based on previously disclosed public information disclosed by those companies and the Company is not responsible for the accuracy of that information, and that all information provided herein is subject to this Cautionary Statement Regarding Forward-Looking Information and Other Company Information.Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. This information represents predictions and actual events or results may differ materially. Forward-looking information may relate to the Company's future outlook and anticipated events and may include statements regarding the financial results, future financial position, expected growth of cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities of the Company and the projects in which it holds royalty interests.
While management considers these assumptions to be reasonable, based on information available, they may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or these projects to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving the renewable energy industry; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the mining industry generally, recent market volatility, income tax and regulatory matters; the ability of the Company or the owners of these projects to implement their business strategies including expansion plans; competition; currency and interest rate fluctuations, and the other risks.
The reader is referred to the Company's most recent filings on SEDAR+ as well as other information filed with the OTC Markets for a more complete discussion of all applicable risk factors and their potential effects, copies of which may be accessed through the Company's profile page at sedarplus.ca and at otcmarkets.com.
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Electra Battery Materials (TSXV:ELBM,NASDAQ:ELBM) announced on March 21 that it has received a letter of intent from the Canadian government for C$20 million in proposed funding.
The money would support the construction and commissioning of North America’s first battery-grade cobalt refinery, a critical step toward strengthening the region’s electric vehicle (EV) supply chain.
The refinery, located in Temiskaming Shores, Ontario, is set to produce 6,500 metric tons of cobalt sulfate annually, enabling domestic production of up to 1 million EVs per year. According to Electra, it would be a key step in reducing North America's dependence on China, which currently refines approximately 90 percent of the world’s cobalt.
“We are grateful to be working with the Government of Canada,” said CEO Trent Mell. “Today’s announcement underscores their commitment to advancing North American energy security and critical mineral independence.”
Mell further noted that the company has already secured commitments from major buyers, with LG Energy Solution (KRX:373220) set to purchase up to 80 percent of the refinery’s future output.
“Buyer interest for the remainder far exceeds our capacity,” he added.
Anita Anand likewise emphasized the strategic importance of domestic mineral processing.
“Canada has everything it takes to be a leading force in critical minerals processing, manufacturing, and recycling. Critical minerals are essential to power a low-carbon economy,” said Canada’s minister of innovation, science and industry.
With necessary permits in place, infrastructure largely developed and advanced negotiations with the government ongoing, Electra aims to finalize discussions quickly and resume construction.
The non-binding letter of intent, which was agreed to on January 27, signals the government’s intent to work toward a final agreement, but does not yet guarantee funding. If finalized, the investment would accelerate construction and commissioning of the refinery, which is projected to have the lowest carbon footprint of any facility of its kind worldwide.
Beyond cobalt refining, Electra is exploring expansion into other battery materials.
In 2023, the company successfully operated a battery recycling demonstration plant at its Temiskaming Shores complex, recovering lithium, nickel, cobalt and other critical minerals from spent batteries.
This year, Electra commenced a feasibility study for a battery recycling refinery adjacent to its cobalt refinery. It is considering a second cobalt sulfate facility in Bécancour, Québec, as well as a North American nickel sulfate plant.
“Our Temiskaming Shores refinery complex is the first step in Electra’s vision,” noted Mell.
“We are building the right assets at the right time and are extremely well-positioned to leverage the refinery complex to grow along with the EV and battery markets," emphasizing the need for secure sources of battery materials.
Electra’s refinery will be one of the few cobalt suppliers outside of China that is free from Foreign Entity of Concern involvement, reinforcing supply chain resilience for North American automakers.
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Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Cobalt prices have been in a steady state of decline for much of the past few years as the market has remained constrained by excess supply and eroding demand.
The sluggish market conditions were attributed to reduced demand from the battery sector and oversupply of material. As a result, prices remained under pressure, with limited signs of improvement expected in the near term.
Cobalt prices continued to face many headwinds at the beginning of 2025. The multi-year supply glut and the growing transition to cobalt-free electric vehicle battery chemistries pulled the value of the battery metal down to US$21,550 per metric ton on February 10, a low not seen for more than a decade.
However, the world's leading cobalt producing country, the Democratic Republic of Congo (DRC) placed a four-month ban on cobalt exports on February 22 in an effort to boost prices. As the DRC is responsible for more than 70 percent of global cobalt production, this of course sent prices for the battery metal soaring to a yearly high of US$36,170 per metric ton as of March 17.
“Market views on the ban were mixed, with some participants expecting prices to continue increasing owing to tighter cobalt supply. But others were less concerned, noting that there was abundant cobalt material outside of the DRC,” a March report from Argus Media states.
As the DRC banned cobalt exports, not cobalt production, the country's production is currently being stockpiled. However, on March 14, the country announced it would implement quotas on stockpiles and production to avoid prices falling once the ban is lifted.
These tough market conditions in recent years have been reflected in the performance of cobalt exploration and mining companies. However, despite the challenges, a number of companies with more diversified metals portfolios that still offer exposure to cobalt have been able to make gains in the current market.
Below is a look at the five top cobalt stocks on the TSX and TSXV by share price performance so far this year. All year-to-date and share price information was obtained on March 17, 2025, using TradingView’s stock screener, and all companies listed had market caps above C$5 million at that time. Read on to learn more about their activities.
Year-to-date gain: 216.67 percent
Market cap: C$60.34 million
Share price: C$0.285
Leading Edge Materials is developing a portfolio of critical materials projects in the European Union to supply materials for advanced technologies such as lithium-ion batteries and permanent magnets for EVs and wind power generation. The company's projects include its wholly owned Woxna graphite mine and the Norra Kärr heavy rare earth elements project in Sweden, and the 51 percent owned Bihor Sud nickel-cobalt exploration alliance in Romania.
After starting the year at C$0.09, shares of Leading Edge Materials reached a year-to-date high of C$0.30 on February 27.
Much of that stellar gain can be attributed to the spotlight placed on Europe's need to secure domestic supplies of graphite and rare earth materials, which are critical to the region's clean technology and defense industries. In mid-February, Leading Edge Materials notified the market that it is updating a 2022 study that evaluated processing plant upgrades study at its "production-ready" Woxna graphite mine to support project financing discussions.
Earlier that month, Leading Edge announced it expects a decision by the end of March 2025 on the application for Strategic Project status for its Norra Kärr rare earths project. The company plans to initiate work on a pre-feasibility study at Norra Kärr in Q2 2025 with the purpose of evaluating the business case for a rapid development plan for the project.
As for Leading Edge's cobalt asset, the Bihor Sud nickel-cobalt project is a brownfield early-stage exploration project at which field work over the past year has identified strong potential for the discovery of a significant polymetallic deposit. The company says its goal at the project is "to define a large-scale, mineable mineral resource."
As of February 2025, exploration work planned for 2025 at Bihor Sud includes mapping and sampling of cobalt-nickel and zinc-lead-silver mineralized zones detected visually and by hand-held XRF, as well as drilling to target polymetallic mineralization.
Year-to-date gain: 50 percent
Market cap: C$8.98 million
Share price: C$0.075
Battery Mineral Resources is mainly focused on becoming a mid-tier copper producer. The company commenced mine and mill operations in May of 2024 at its Punitaqui mining complex in Chile. The mine is a historic copper-gold-silver producer. Its portfolio also includes cobalt assets in Ontario, Canada, and Idaho, US, along with one lithium asset Nevada, US, and two graphite assets in South Korea.
Shares in Battery Mineral Resources nearly tripled in the first few weeks of 2025 to hit a year-to-date high of C$0.14 on January 14. That same day, the company shared positive drill core assay results from its 2024 underground exploration and in-fill drill program at the Punitaqui copper mine.
The company's Ontario cobalt exploration properties are located in a region known for historic cobalt and silver production in the 20th century, and its Idaho-based cobalt properties are located in the historic Blackbird cobalt-copper mine district, adjacent to Jervois Global's (TSXV:JRV) Ram deposit. No work is currently underway on these properties.
Year-to-date gain: 31.6 percent
Market cap: C$48.11 billion
Share price: C$108.56
Wheaton Precious Metals is one of the largest gold and silver royalty and streaming companies. It has investments in 18 operating mines and 28 development projects across four continents, including a cobalt streaming agreement for Vale's (NYSE:VALE) Voisey’s Bay nickel mine in Newfoundland and Labrador, Canada.
The company reported its Q4 2024 and full-year 2024 financial performance on March 13. The report highlighted record revenues of US$381 million for Q4 and US$1.285 billion for the full year of 2024.
The company states in the financial report that 2 percent of its Q4 revenue was attributed to its Voisey’s Bay cobalt stream. Wheaton also reported an impairment charge of US$109 million at December 31, 2024, in relation to the carrying value of its Voisey’s Bay agreement “due to a significant and sustained decline in market cobalt prices.”
Shares in Wheaton hit a year-to-date high of C$108.56 on March 17 as the price of gold broke above US$3,000 per ounce and reached record highs.
Year-to-date gain: 8.45 percent
Market cap: C$67.85 million
Share price: C$0.77
Nickel 28 Capital is a battery-metals royalty company with a portfolio of 11 nickel and cobalt royalties on development and exploration projects across Canada, Australia and Papua New Guinea. The company’s largest asset is its 8.56 percent interest in the producing Ramu nickel-cobalt mine in Papua New Guinea.
Nickel 28 Capital’s share price reached a year-to-date high of C$0.86 on February 6, following the release of its Q4 and full-year 2024 operating performance for the Ramu nickel-cobalt mine. Highlights of the report included Q4 and full year 2024 sales of contained cobalt in mixed hydroxide precipitate totaling 488 metric tons and 2,793 metric tons, respectively.
Year-to-date gain: 6.38 percent
Market cap: C$80.19 million
Share price: C$0.25
FPX Nickel is currently advancing its Decar nickel district in British Columbia, Canada. The property comprises four key targets, with the Baptiste deposit being the primary focus, alongside the Van target. The company also has three other nickel projects in BC and one in the Yukon, Canada. While nickel extraction is its main focus, it plans to produce cobalt as a by-product from future mining operations at the Baptiste site.
FPX Nickel had a series of positive news releases in the first few months of 2025. In mid-January, FPX announced the positive results of a third-party economic impact study on the Baptiste nickel project based on its 2023 pre-feasibility study.
"The Baptiste Project has tremendous potential, and we are excited to see what the future holds. Together, we are creating opportunities, collaborating with First Nations to the benefit of all, and advancing projects that could be the critical minerals mines of tomorrow," stated Jagrup Brar, British Columbia’s Minister for Mining and Critical Minerals, in the press release.
On February 18, FPX Nickel shared its planned activities for 2025 at Baptiste as it prepares for the environmental assessment process, which the company hopes to enter in the second half of the year. The following week, FPX released results from a positive scoping study for the development of a refinery aimed at producing battery-grade nickel sulphate, along with cobalt, copper and ammonium sulphate by-products.
Shares of FPX spiked to a year-to-date high of C$0.28 on March 7.
Cobalt is a silver-gray metal that is often produced as a by-product of nickel and copper mining. It does not occur as a separate metal anywhere in the world, and must be produced by reductive smelting, or from the metallic ore cobaltite, which is made of cobalt, sulfur and arsenic.
Historically, cobalt oxides were used to impart a blue pigment to glass, porcelain and paints, hence the still-used cobalt blue paint. The metal is also used to produce superalloys, as cobalt imparts qualities such as corrosion and wear resistance, which are useful in applications such as airplanes, orthopedics and prosthetics.
Today cobalt is most famously used in the rechargeable lithium-ion batteries that run everything from smartphones to EVs.
The majority of cobalt production comes out of the DRC, which was responsible for producing 220,000 metric tons of the material in 2024. For perspective, the second largest cobalt-producing country, Indonesia, reported output of 28,000 MT the same year; third place Russia produced 8,700 MT of the material.
As the lithium-ion battery and EV supply chains garner global attention, companies are trying to limit their exposure to cobalt produced from the DRC, which is known for human rights abuses and sometimes child labor in its mining industry.
In response to this trend, many countries with cobalt are attempting to create domestic cobalt and EV supply chains in the hope of attracting companies looking to avoid DRC-sourced cobalt. This can be seen in the up-and-coming battery corridor in Ontario, Canada, as well as in the US-based Idaho cobalt belt.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: FPX Nickel is a client of the Investing News Network. This article is not paid-for content.
A royalty company fully diversified in clean energy metals, Electric Royalties (TSXV:ELEC,OTCQB:ELECF) holds 42 total royalties with 18 additional optioned properties that could be converted into future royalties. The company focuses on on properties with near-term production potential in safe jurisdictions (primarily, the US and Canada). Its current royalty portfolio consists of assets that are either in production, advanced stage projects or exploration assets, ensuring cash flow generation and future growth potential.
The recent acquisition of the Punitaqui Copper Mine royalty provides immediate exposure to production, while assets like Authier Lithium and Battery Hill Manganese are expected to enter production in the near term.
The Punitaqui Mining Complex includes the copper processing plant that is currently permitted for 100,000 tonnes per month. (Source: Battery Mineral Resources Corp.)The Punitaqui copper mine is permitted for 100,000 tonnes per month of processing capacity, with regional exploration potential that could further extend its operational life and increase production.
This Electric Royalties profile is part of a paid investor education campaign.*
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