Canada Silver Cobalt Works Chairman and CEO Frank Basa and President and Vice President for Exploration Matt Halliday highlight the company’s acquisition of 39,200 hectares of EV properties in Ontario and Quebec, fueling the economy and positioning Canada Silver Cobalt Works as “the new oil.”
Canada Silver Cobalt Works (TSXV:CCW,OTCQB:CCWOF,FWB:4T9B) Chairman and CEO Frank Basa, along with the company’s President and Vice President for Exploration Matt Halliday, highlights the company’s acquisition of 39,200 hectares of electric vehicle (EV) properties in Ontario and Quebec, fueling the economy and positioning Canada Silver Cobalt Works as “the new oil.”
Basa said, “We have all the key base metals and of course, silver, which is a plus. I’m pleased that the world’s going in that direction and we are going to be the new oil and it’s not going to stop.”
Prices for some EV metals such as nickel, copper and cobalt, have been dormant for some time, and are already moving up over 30 percent in 2021 while governments are increasingly involved in providing support for companies initiating the green economy.
“We initiated the studies and we signed a contract for the environmental studies. We also acquired a facility called screen testing labs that can accommodate about 1.6 million ounces of silver,” said Basa.
Halliday added, “We completed a pretty good program for geophysics and the results were encouraging. We’re going to continue drilling since we’ve been very successful in implementing wedge drilling. We’re going to wedge this high-grade intercept and define a new panel.”
Watch the full interview with Canada Silver Cobalt Works Chairman and CEO Frank Basa with the company’s President and Vice President for Exploration Matt Halliday above.
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