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Castle Silver Resources now has a Relevant Process for the Entire Cobalt Camp
May. 23, 2017 12:11PM PST
Battery Metals
Castle Silver Resources Inc. (TSXV:CSR) featured here in March Castle Silver’s Got Grade (and Cobalt): $CSR.V, is one of the primo cobalt juniors eyeing up that battery market from more than one angle. They recently announced something of a complementary business unit, launching their 100%-owned hydrometallurgical process for cobalt miners. Branded Re-2OX, this innovative process …
Castle Silver Resources Inc. (TSXV:CSR) featured here in March Castle Silver’s Got Grade (and Cobalt): $CSR.V, is one of the primo cobalt juniors eyeing up that battery market from more than one angle. They recently announced something of a complementary business unit, launching their 100%-owned hydrometallurgical process for cobalt miners. Branded Re-2OX, this innovative process was developed by Frank Basa, CEO of Castle Silver, in conjunction with the National Research Council. This new cobalt processing test program has been optimized over the years since its inception during Castle Mine’s last production cycle, and it’s extremely adaptable for high recovery of multiple metals and elements from all feeds with varying chemistries.
As quoted in the article:
As CSR.V prepares to drill and show off a timely metallurgical achievement, we have another interesting company to mention in light of cobalt investors interested in this new paradigm shift for the automobile industry from gas to electric powered.
Pala Investments, a private hedge fund headquartered in Switzerland, invests in development and production stage mines and mining companies, as well as products and services for the global mining sector. Pala and the Shanghai Chaos Fund, one of China’s largest commodity funds, stockpiled around 17% of last years global cobalt production, a strong, long move into this critical metal. Pala is now directly involved in a new company called Cobalt 27.
Cobalt 27 (TSXV: KBLT) is in the midst of raising $200 million, offering investors direct exposure to cobalt. The Company will initially hold physical cobalt material and several exploration-stage cobalt royalties, plus they are negotiating with cobalt producers and developers for stream acquisitions. From their long prospectus for this pure play cobalt investment vehicle.
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Source: stocksyndicate.com
