Canada Silver Cobalt AGM Results

Canada Silver Cobalt Works Inc. ( TSXV: CCW ) (OTCQB: CCWOF) ( Frankfurt : 4T9B) (the "Company" or "Canada Silver Cobalt"), announces that the Annual General Meeting was held today, Tuesday, April 20, 2021 and is pleased to report that all resolutions were approved with over 98.38% voting in favour in all categories. Resolutions passed are listed below.

  1. The following individuals were re-elected Directors of the Company: Frank J. Basa , Jacques Monette , Dianne Tookenay , Robert Setter and Matthew Halliday .

  2. McGovern, Hurley, Cunningham, Chartered Accountants, were re-appointed as Company auditors.

  3. Adoption of the Company's 10% rolling share option plan was ratified and approved.

The Board of Directors appointed the following officers of the Company for the ensuing year:

Frank J. Basa:

Chief Executive Officer

Matthew Halliday:


Ryan Webster:

Chief Financial Officer

Tina Whyte:

Corporate Secretary

Frank J. Basa , Jacques F. Monette and Robert Setter were re-appointed as members of the Audit Committee for the upcoming year.

About Canada Silver Cobalt Works Inc.

Canada Silver Cobalt's flagship Castle Mine and 78 sq. km Castle Property features strong exploration upside for silver, cobalt, nickel, gold, and copper in the prolific past-producing Gowganda high-grade Silver District of Northern Ontario . With underground access at Castle, a pilot plant to produce cobalt-rich gravity concentrates on site, 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.

Canada Silver Cobalt Works released the first-ever resource in the Gowganda Camp and greater Cobalt Camp in May 2020.  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 Robinson Zone beginning at a vertical depth of approximately 400 meters were identified. The discovery remains open in all directions (1A and 1B are approximately 800 meters east of the Capitol Mine workings) (mineral resources that are not mineral reserves do not have demonstrated economic viability) (refer to Canada Silver Cobalt Works Press Release May 28 , 2020.  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 . More information at

"Frank J. Basa"
Frank J. Basa , P. Eng.
Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

SOURCE Canada Silver Cobalt Works Inc.

Cision View original content:

News Provided by Canada Newswire via QuoteMedia

Canada Silver Cobalt Works

Canada Silver Cobalt Works Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects


The Conversation (0)

Top 10 Cobalt Producers by Country

The cobalt market is facing high demand , but analysts advise that production is also on the rise.

One of the metal’s main catalysts is excitement about electric vehicles. The lithium-ion batteries that power electric vehicles require lithium, graphite and cobalt, among other raw materials, and demand for these important commodities is expected to keep rising as the shift toward clean technologies continues at a global scale. Additionally, the metal is predominantly produced as a by-product of copper and nickel, two other metals that are important for the green transition.

Given those circumstances, it’s interesting to look at the top cobalt producers by country. According to the US Geological Survey , world production has increased significantly over the past two years. In 2022, cobalt production reached 190,000 metric tons (MT), a big jump from 2021's 165,000 MT and an even bigger one from 2020's 142,000 MT.

Keep reading... Show less

Canada Silver Cobalt Works Pivots to "Purely Precious Metals Play" After Graal Project Spinout

Canada Silver Cobalt Works (TSXV:CCW) will focus on its precious metals assets after securing court approval to spin out its Graal property in Québec to its subsidiary Coniagas Battery Metals, according to Chairman and CEO Frank Basa.

Canada Silver Cobalt Works has already spent C$6 million on the Graal property, which Basa considers the most advanced among all 14 of the company's assets. The property hosts nickel, copper and cobalt.

“We did shallow drilling (at Graal). It’s between 10 to 30 meters of combined nickel, copper and a little bit of cobalt — about 1 percent and higher," Basa said. "We did some geophysical work on the property and it appears the greater values are at depth. We decided that we’ll spin out the asset to another shell (company) called Coniagas, and I think it will be a pure battery metals company."

Keep reading... Show less

High-Tech Metals

Keep reading... Show less

Sherritt Reports Third Quarter 2023 Results


Sherritt International Corporation ("Sherritt", the "Corporation") (TSX: S), a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt metals deemed critical for the energy transition, today reported its financial results for the three and nine months ended September 30, 2023. All amounts are in Canadian currency unless otherwise noted.