Battery Metals

Stage I bench-scale testing has been completed at SGS Lakefield using the Re-2Ox process for the recovery of performance-enhancing battery metal Rubidium from Granada Gold Mine’s drill core. Test work was funded and supervised by Canada Silver Cobalt Works. Canada Silver Cobalt Works Inc. and Granada Gold Mine Inc. are pleased to announce positive bench-scale leach test results achieving 99 percent extraction of ...

(TheNewswire)

Canada Silver Cobalt Works Inc.

Stage I bench-scale testing has been completed at SGS Lakefield using the Re-2Ox process for the recovery of performance-enhancing battery metal Rubidium from Granada Gold Mine's drill core. Test work was funded and supervised by Canada Silver Cobalt Works.

Canada Silver Cobalt Works Inc. (TSXV:CCW)(OTC:CCWOF) (Frankfurt:4T9B) (Canada Silver Cobalt or the Company) and Granada Gold Mine Inc. (TSXV:GGM) (OTC:GBBFF) (Frankfurt:B6D) are pleased to announce positive bench-scale leach test results achieving 99 percent extraction of the contained alkali metal rubidium from drill core sourced from the recently discovered EV battery metals zone at the Granada Gold deposit in northwestern Quebec

Highlights:

  • SGS bench scale test-work achieves leach extraction of 99% rubidium

  • Project economics are enhanced by having gold bullion as a primary metal recovery and rubidium carbonate as a secondary by-product metal recovery

  • The company is now positioned to use the Re-2Ox Process to accept additional feeds for evaluation under a toll processing arrangement

Canada Silver Cobalt Works CEO Frank J. Basa , P.Eng., states: "To successfully leach rubidium from the mineralized material is a major accomplishment for the Re-2Ox process. It demonstrates its flexibility in treating other feeds using the same chemicals and process equipment that we used to produce base metal EV salts."

"The company plans to reintegrate the precious metal leaching stage into the Re-2Ox process thereby making the process more viable. This precious metal production will permit the production of EV battery salts by-products at low or no cost. The Company will be working closely with Granada Gold Mine Inc. in the coming months to use the Re-2Ox process to further develop the potential market and economics for the rubidium carbonate salts that would meet the EV battery metals market sourcing needs." Basa continued.

Canada Silver Cobalt aims to supply high-value metals to the electric vehicle (EV) battery market using the Re-2Ox process.  With its 100-percent ownership of property holdings in safe jurisdictions containing cobalt, nickel, copper, silver and gold, it is secure in meeting the demands of the global EV battery market. As a consequence of the encouraging results in leaching rubidium, the company is now actively looking for other feeds to evaluate for processing that it does not own but can toll process using the Re-2Ox process.

Discovery at Granada:

The recent discovery of a potentially large, low-grade alkali and rare earth mineralized zone at Granada Gold Mine meets the Company criteria. With the addition of rubidium carbonate salt to the electrolyte, battery performance in both lithium-ion and sodium-ion EV batteries improves in charging rates and cyclability.

The EV battery metals zone consists of several alkali and rare earth metals discovered near surface and at depth in early 2021 during a 30,000-meter infill drilling program on the northern section of the Big Claim at the Granada Gold Mine property. Two drill holes, separated by 1600 meters, were tested and assayed. The deepest hole, drilled to a depth of 1626 meters, intersected 21 distinct mineralized zones varying in width from 2.8 to 177 meters. The best grade, over a wide width, for rubidium was 340 grams per tonne over 53 meters.  Current pricing for rubidium carbonate salt is about 1.00 US dollar per gram. As this EV metal mineralized zone sits stratigraphically on top of the Gold mineralized zone, it may be mined to produce gold bullion as a primary recoverable metal with a rubidium carbonate salt as a by-product there-by significantly increasing the value and economics of the property .

Leach Test:

Drill core from the EV battery metals discovery zone, from the northern part of the Big Claim at Granada Gold Mine, was used for the test work at SGS Canada. The core was crushed and ground to 80 percent passing 200 mesh, followed by a conventional flotation process to remove pyrite. Pyrite removal minimizes chemical consumption during the Re-2Ox leaching process. Multiple bench-scale tests were undertaken to optimize leach extraction, achieving 99 percent of contained rubidium metal, by varying leach time, chemical concentrations, and temperatures.

Reintegration of the Precious Metals Leaching Stage into Re-2Ox Process:

The company decided to reintegrate the precious metal stage into the Re-2Ox process as the primary pay metal and produce EV by-product metals at zero or low cost. This approach de-risks project economics due to massive price swings of EV battery metals.

Rubidium in EV batteries:

Rubidium carbonate salts are commonly used in EV lithium-ion batteries and, more recently, in sodium-ion battery electrolytes . Sodium-ion batteries use low-cost, and benign metals. Sodium is significantly more abundant than lithium, so it is possible to produce a larger quantity of EV batteries at a lower cost. Sodium-ion batteries would not require costly factory redesigns to be put into production because it would use existing technology. Sodium-ion battery anodes are carbon based, similar to lithium-ion batteries.

Chinese battery manufacturer CATL supplies Li-ion batteries for auto manufacturers including Tesla and produces 30 percent of global battery needs. CATL states that "Sodium-ion batteries could offer greater fast-charging performance than current Li-ion cells , along with lifecycle and safety performance that matches or exceeds that of our own LFP-based lithium batteries." CATL also points to "sodium-ion's impressive low-temperature performance where the chemistry sees less capacity-fading and less performance-fading than lithium-ion, which is known to struggle in cold climates." CATL has begun small-scale commercial deployment of sodium-ion batteries in July 2021 and plans to ramp up the sodium-ion supply chain through to 2023. The main attraction of sodium-ion batteries is sustainability. ( CATL news July 29, 2021 )

Location:

The Granada Gold Mine project is located in an established mining district 5 km south of Rouyn-Noranda adjacent to the prolific Cadillac Break shear zone, which is hosted in Pontiac metasedimentary rocks, granites, and younger syenite sills along the Granada shear zone (LONG Bars Zone). The project is located on the same side of the Cadillac Fault as the Canadian Malartic mine property, which has historically produced 12.7 million Ounces of gold from 1935 to 2010 with an additional 5 million ounces as of June 18, 2020 (Canadian Malartic Technical Report of March 25, 2021 & Le Citoyen June 19, 2020).

Qualified Person:

The technical information in this news release has been reviewed by Claude Duplessis, P.Eng., GoldMinds Geoservices Inc., a member of the Québec Order of Engineers, and is a qualified person in accordance with the 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. This discovery has the highest silver resource grade in the world, with recent drill intercepts of up to 89,853 grams/tonne silver (2,621 oz/ton Ag). A drill program is underway to expand the size of the deposit with an update to the resource estimate scheduled for Q1 2022.

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.

CCW has 39,017.96 hectares of electric vehicle (EV) battery metals exploration properties (containing nickel, copper and cobalt) with 15 properties in Quebec and 1 in Northern Ontario. Exploration is underway at the Graal massive sulphide formation in Northern Quebec. Drill core has been encouraging with initial XRF results up to 2.79% nickel and 25.68% copper in hole NRC 21 03; lab results are still pending.

Canada Silver Cobalt's flagship silver-cobalt Castle mine and 78 sq. km Castle Property and recently acquired properties in Ontario and Quebec 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 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 and battery metals. More information at www.canadasilvercobaltworks.com.

"Frank J. Basa"

Frank J. Basa, P. Eng.

Chief Executive Officer

For further information, contact:

Frank J. Basa, P.Eng.

Chief Executive Officer

416-625-2342

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements

This news release may contain forward-looking statements which include, but are not limited to, comments regarding the Offering and comments that involve other future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address the Offering, resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, future financings, 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. No assurance can be given that the Offering will close on the terms and conditions set out in this news release or at all. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. A detailed discussion of the risk factors encountered by Canada Silver Cobalt is available in the Company's Annual Information Form dated July 19, 2021 for the fiscal year ended December 31, 2020 available under the Company's profile on SEDAR at www.sedar.com.

Copyright (c) 2022 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

CCW:CA
Canada Silver Cobalt Works

Canada Silver Cobalt Works

On Track for Energy Metals Production Within 2 Years

Canada Silver Cobalt Works Inc. (TSXV:CCW,OTCQB:CCWOF,FWB:4T9B) is following a fast-track development model towards producing silver along with battery metal cobalt as a byproduct – both 'energy' metals needed to advance the world's alternative energy future.

Instead of the traditional route taken by mining companies to stretch out development over many years in a series of steps – exploration drilling, then resource studies, then engineering studies, followed by permitting – Canada Silver Cobalt is doing all of these at the same time in what it describes as “real time" mine development.

As the Company conducts its drill program to increase resource estimates at its spectacular high-grade silver-cobalt deposit in northern Ontario, it also is doing the environmental studies and preparing the applications for permits to construct a ramp down to the 500-meter level in order to extract the very high-grade silver-cobalt it has discovered there. The Company is also working on the engineering for the ramp and organizing contractors for constructing the ramp when the permits are received. Once the high-grade material is extracted, the Company can use its 100% owned “mini-mill" facility nearby which during past mining in the area produced as much as 2.5 million ounces of silver annually for mining companies when it operated as a government facility in the 1900s.

If all goes well, Canada Silver Cobalt could be producing enough silver within two years to pay for the ramp construction in a very short time frame and also fund additional exploration/development of its properties. The Company is also working on optimizing its proprietary, environmentally-compliant Re-2Ox extraction process technology which has been proven in lab tests to produce cobalt sulphate (and nickel and manganese sulphates) in line with the strict specifications manufacturers require for EV batteries.

The Company also has other initiatives underway that will advance its position in the precious and battery metals market including exploration of gold properties in Ontario and nickel-copper-cobalt properties in northern Quebec.

More information below and at the Company's website and in the Company's investor presentation at www.canadasilvercobaltworks.com

Overview

Canada Silver Cobalt Works Inc. (TSXV:CCW,OTCQB:CCWOF,FWB:4T9B) has 100% ownership of the past-producing silver-cobalt Castle mine and the 78 sq. km Castle Property with strong exploration upside in the prolific past producing Gowganda high-grade Silver Camp of Northern Ontario.

The Company's recent acquisition of the Temiskaming Testing Laboratories in Cobalt, Ontario, the only facility in the Northern Ontario Silver-Cobalt District that combines bullion pouring, bulk sampling, commercial assaying and e-waste processing, makes Canada Silver Cobalt a vertically integrated leader in Canada's Silver-Cobalt heartland.

This facility will also become the new home of Canada Silver Cobalt's 100 percent-owned Re-2OX Process, an environmentally friendly solution for producing technical grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations.

The company recently announced that it has engaged SGS Canada's Lakefield Testing Facility to design a Re-2Ox pilot plant which will eventually be located at the TTL facility. It has also contracted with SGS to test the Re-2Ox process for battery recycling.

A notable highlight of recent drilling on the property is the discovery in the Castle East Robinson Zone of massive native silver grades of up to 89,853 silver (2,621 oz/ton) over 0.3 meters, with intercepts also showing cobalt grades up to 2.2% Co. Further drilling has greatly expanded the potential scale of the discovery.

On May 28, 2020, the company announced a sizeable Maiden Inferred Resource estimate of 7.6 million ounces of high-grade silver grading an extraordinary 8,582 g/t (250.2 oz/ton) silver the highest grade silver resource in the world. The company plans to upwardly revise this resource estimate in Q1 2022 based on the 60,000-meter drill program underway and the discovery of seven new high-grade silver veins since the initial resource estimate (which was based on only one vein).

As of the end of August 2021, 43,000 meters (more than two-thirds) of the drill program had been completed and additional drilling is underway, with results pending. The Robinson Zone is 1.5 km east of the Castle Mine's adit and two of its previous mine shafts when it was a past producer in the 1900s. The company intends to restart the mine and is proceeding with various work including permitting towards that goal.

Agnico Eagle Mines Limited (TSX:AEM) operated the Castle mine in the 1980s when it was considered to be the highest-grade silver mine in the camp with an average mining grade of 26 ounces per ton silver. In its history, the mine produced 9.6 million oz silver and 300,000 lbs of cobalt as a by-product.

CCW is in a good position to take high-grade ore and process it into silver bars at TTL. In its initial years in the Cobalt Camp, Agnico Eagle processed high-grade silver ore at the TTL bulk facility and poured 1.6 million oz of silver annually into bars using TTL's bullion furnace. Other companies also produced another 1 million oz silver per year.

Also in the works at CCW is the design, planning and permitting for a ramp going down to the extremely high-grade silver discovery in the Robinson Zone at Castle East at about the 500 meter level.

The ramp would provide two extremely important benefits: 1) it would provide the company a way to extract the very high-grade silver to process at TTL into silver bars and the revenue generation from that would be considerable and would help pay for the ramp; and 2) the ramp would actually be an important exploration tool since it would likely intercept vein systems as it cut through the rock and drill pods could be established in key locations to permit underground horizonal-fan drilling for exploration at a much lower cost than drilling from the surface.

The Castle mine has fully-permitted access for its underground workings, providing the company with a significant advantage when it comes to putting the mine back into production. CCW is using its adit access for underground drilling and bulk sampling on Level 1 in preparation to resume mining.

Underground drilling on Level 1 at Castle recently discovered an exceptionally high-grade silver-cobalt vein structure. Initial drill results include seven meters grading 2.28 percent cobalt, 261 g/t silver and 1.65 percent nickel, 2.54 meters grading 1.87 percent cobalt, 4,763 g/t silver, 1.29 percent nickel and 1.19 g/t gold and 0.60 meters grading 3.16 percent cobalt and 10,741 g/t silver.

In a surprising development, high-grade gold of up to 22.7 g/t was unexpectedly discovered – along with high-grade cobalt, silver and nickel – in underground drilling on Level 1 in late 2019 (results announced on January 3, 2020).

In addition to the company's exploration efforts, CCW is working on obtaining an amendment to its existing advanced exploration permit so the company can move ahead with its proposed tailings program. Recent testing of material from the Castle mine's historical tailings pond has returned a calculated head assay of 459 g/t silver and produced a high-purity flotation concentrate grading 18,486 g/t silver with an initial recovery of 70 percent.

The company's on-site proprietary gravity separation pilot plant has produced an 8.25 percent cobalt concentrate from a waste pile left by previous operators. Head grades of the material from the waste pile tested graded 0.390 percent cobalt and 1,905 g/t silver.

Canada Silver Cobalt Works is led by Chairman and CEO Frank Basa, who has over 30 years of global experience in mining and development as a professional hydro-metallurgical engineer with expertise in milling, gravity concentration, flotation, leaching and refining of silver, cobalt, gold and other metals. Basa is also responsible for developing the company's proprietary Re-2OX hydrometallurgical process, an environmentally-friendly approach to extracting metals without the need of a smelter.

The battery industry has specific criteria that needs to be met in terms of its materials. For lithium-ion batteries it is necessary for companies to produce a 20 percent cobalt sulfate with limited arsenic. Canada Silver Cobalt Works has been able to demonstrate that its Re-2OX process is capable of producing a battery-grade 22.6 percent cobalt sulfate meeting these industry specifications.

Canada Silver Cobalt Works' portfolio also includes the Beaver and Violet silver-cobalt projects, both past-producers in the Cobalt camp.

Canada Silver Cobalt Works' Company Highlights

  • 100-percent ownership of three past-producing properties including the Castle mine near Gowganda and the Beaver and Violet silver-cobalt mines near Cobalt. The company's goal is to resume underground mining using modern mining techniques.
  • Silver and cobalt are essential metals in renewable energy technology. Cobalt is used in three of the four main types of lithium-ion electric car batteries, and silver is used in 90 percent of crystalline silicon photovoltaic cells in solar panels.
  • Preliminary metallurgical testing in 2017 returned excellent silver and cobalt recoveries and concentrate grades and subsequent testing confirmed it.
  • Exceptional discoveries at Castle since 2011 from sampling and drilling, intersecting very high grades of silver (mentioned above) and up to 4.68 percent cobalt along with nickel and gold.
  • Channel sampling in 2014 exposed significant gold and copper mineralization and led to the discovery of Castle Golden Corridor zone.
  • Subsequent geophysical and geochemical programs at the property has identified numerous high-potential drill targets.
  • Proprietary Re-2OX process achieves 99 percent cobalt recovery.
  • The lab/bulk sampling facility acquisition provides Canada Silver Cobalt Works with additional revenue opportunities and helps the company realize its goal of becoming a vertically-integrated leader in North America.
  • The company acquired 100 percent ownership of the 16 Chute-des-Passes Property claims jointly owned by SOQUEM INC. (50 percent ownership) and MINES COULON INC. (50percent ownership).

Canada Silver Cobalt Works' flagship property: Castle Mine

The 78 square-kilometer Castle cobalt-silver project is located in the historic Gowganda mining camp, 85 kilometers northwest of Cobalt, Ontario. The camp was responsible for more than 50 million ounces of high-grade silver production in the 1900s. Infrastructure on and near the property includes year-round access to roads, water, diesel power, three shafts and an adit.

Two geological trends have been identified on the property including a north-south trending Nipissing diabase intrusive, which is the typical host rock for silver-cobalt-nickel deposits in the area, and a potential gold trend along the Bloom Lake fault.

The project hosts the historical Castle mine, a former silver-cobalt mine that has reportedly produced 300,000 pounds of cobalt and 9.5 million ounces of silver. Historic underground ore grades averaged 25 ounces per tonne silver between 1923 and 1930 and 26 ounces per tonne silver between 1979 and 1989. The Castle mine's previous owner, Agnico Eagle, ceased production in 1989 due to low silver prices (in the range of US$6 per ounce).

The Cobalt camp is primarily comprised of cobalt veins that contain varying amounts of silver. In the past, miners focused on veins that contained high-grade silver and ignored the low-grade silver veins even though they contained high-grade cobalt. Cobalt was not considered important at the time and routine drill core assays only focused on silver content.

Despite the past-production at Castle, the property remains largely underexplored and may host several significant high-grade underground cobalt and silver deposits.

Castle Golden Corridor Zone

The previously discovered 800-meter Castle Golden Corridor zone is located about 1.7 kilometers from the Castle #3 shaft and has a geological setting similar to the past-producing Kirkland Lake deposit (40 million ounces of gold) located 75 kilometers to the northeast. The zone is highly prospective for high-grade hydrothermal-related gold systems with copper. The zone has been drilled to a depth of 300 meters.

Channel sampling work conducted at the Castle Golden Corridor zone in 2014 returned 2.2 meters grading 2.24 g/t gold and copper values as high as 1.03 percent. Canada Silver Cobalt Works has also identified a 725-meter-long, east to west-trending IP anomaly with an associated chargeability halo in this area.

Access to Underground Workings

Canada Silver Cobalt Works is the only company in the Cobalt camp to have fully-permitted underground access via an adit. This allows for easy entry into the mine for extracting bulk samples and exploratory drilling to target new discoveries. Access to the underground workings also speeds up the time to production as CCW won't have to spend time establishing the mine adits. Drilling from underground can also be less costly and provides greater probability of success. CCW has mapped previously discovered veins using its extensive database which contains all of the past drilling and mine workings from the early 1900s.

Throughout 2018 and 2019, Canada Silver Cobalt Works conducted underground drilling at the Castle mine. Twenty-five percent of the assayed holes returned high-grade intercepts of 1.77 meters grading 1.05 percent to 3.7 percent cobalt. Additional drilling highlights include:

  • 28 percent cobalt, 261 g/t silver and 1.65 percent nickel over seven meters in hole CA18-001
  • 70 percent cobalt, 4,763 g/t silver, 1.29 percent nickel and 1.19 g/t gold over 2.54 meters in CA18-002
  • 16 percent cobalt and 10,741 g/t silver over 0.60 meters in CA18-003

Pilot Plant

Management is working towards the eventual construction of a state-of-the-art 600 tonne per day gravity flotation cyanidation mill at Castle or nearby.

An on-site pilot plant has produced an 8.25 percent cobalt concentrate from waste material. Head grades from the waste pile left behind by previous operators tested 0.390 percent cobalt and 1,905 g/t silver.

TTL: Metallurgical Potential for Cobalt Products and Battery Recycling

With the goal of realizing the company's vision of becoming a vertically-integrated leader in North America, Canada Silver Cobalt Works has acquired Temiskaming Testing Labs (formerly PolyMet Labs), an ISO-certified lab facility with mineral and precious metals processing located in Cobalt, Ontario.

The 23,000-square-foot facility provides bullion pouring, bulk sampling, commercial assaying and e-waste processing services to the numerous mining operations in the area. The facility is also capable of processing mixed computer boards through its shredder and ball mill to recover precious and base metals.

The building is located near the company's Castle and Beaver mines and will host Canada Silver Cobalt Works' headquarters and proprietary Re-2OX process.

The company has poured three 300-ounce silver bars in a proof-of-concept test at the facility. The test was able to prove that the Castle mine has the potential to produce silver as well as cobalt from the underground and surface waste material and tailings. The pilot plant at the Castle mine separated leaf silver and created a silver gravity concentrate from mineralized waste material. The concentrate and silver leaf were smelted at the lab before forming the bars.

CCW was also able to recover cobalt from the same mineralized waste material using its Re-2OX process. The recovered materials were then sent to SGS Lakefield to produce a cobalt sulfate.

The Re-2OX hydrometallurgical process

The Re-2OX hydrometallurgical process is designed to recover multiple metals and elements from all types of feedstocks with varying chemistries. The process was developed by Canada Silver Cobalt Works CEO Frank Basa in conjunction with the National Research Council of Canada (NRC), Canada's premier scientific research organization.

To date, Canada Silver Cobalt Works has produced a cobalt sulfate in the lab and is working on developing other products for potential customers that utilizes the Re-2OX process. To this aim, the company has been conducting advanced-stage testing on the process with SGS Lakefield to determine the viability of recycling spent lithium-ion batteries. Canada Silver Cobalt Works believes that the Re-2OX process can help fulfill the demand for ethically-sourced cobalt, creating compelling opportunities in the battery and renewable energy sectors.

Re-2Ox Process Flowsheet

In May 2018, Canada Silver Cobalt Works announced that the Re-2OX process had successfully recovered 99 percent cobalt and 81 percent nickel from a composite of gravity concentrates. The process was also successful in removing 99 percent of arsenic, placing the company in a competitive position as battery manufacturers prefer to use cobalt with low arsenic contents.

Canada Silver Cobalt Works' Other Projects

Canada Silver Cobalt Works also owns two other highly-prospective properties in the Cobalt mining camp: the Beaver and Violet mines.

Cobalt Potential at Beaver

The Beaver silver-cobalt project is located in Ontario's historic Cobalt mining camp, adjacent to the former Timiskaming silver mine and approximately 80 kilometers southeast of the past-producing Castle mine. The project itself includes a former producer, the Beaver mine, which produced 7.1 million ounces of silver and 139,472 pounds of cobalt from 1907 to 1940.

High-grade mineralization has been repeatedly confirmed at Beaver. In 2017, selected hand-cobbed sample material at surface averaged 4.68 percent cobalt, 46.9 g/t silver, 3.09 percent nickel, 46.9 g/t silver and 0.08 g/t gold.

This follows sampling of historical waste rock and tailings at Beaver in 2013 that returned 7.98 percent cobalt, 3.98 percent nickel and 1,246 g/t silver.

Canada Silver Cobalt Works also holds the formerly producing Violet silver-cobalt mine located near the Beaver property in the Cobalt mining camp.

Cobalt rosettes in a quartz-carbonate vein at the Beaver Silver Mine

Canada Silver Cobalt Works' Management Team

Frank J. Basa, P. Eng.—CEO and Chairman

Frank Basa has over 28 years' global experience in mining and development as a professional hydro-metallurgical engineer with expertise in milling, gravity concentration, flotation, leaching and refining of silver, cobalt, gold and other metals. He is a member of the Professional Engineers of Ontario and a graduate of McGill University. Basa has been the Chairman, Chief Executive Officer and President of Granada Gold Mine Inc. since June 18, 2004.

Mr. Matt Halliday, P.Geo.—President, COO, VP Exploration

Mr. Halliday first joined Canada Silver Cobalt late last year from Kirkland Lake Gold where he served as resource geologist. A graduate of Dalhousie University in 2007, Mr. Halliday honed his skills for almost eight years with SGS Geostat, known as global leaders in orebody modelling and reserve evaluation. In 2016 he was part of the SGS team that pushed machine learning into the geological realm and claimed top prize in the $1 million Integra Gold Challenge.

Ryan Webster—CFO

Mr. Webster has more than 15 years of experience in public company financing and as CFO for mining companies. He is a Chartered Professional Accountant (CMA) and Chartered Financial Analyst.

Dianne Tookenay, M.P.A. B. Admin—Director

Dianne Tookenay holds a Certificate in Mining Law from the Osgoode Hall Law School, York University, a Joint Masters of Public Administration from the University of Manitoba, a Bachelor of Administration from Lakehead University and Native Band Management and Indian Economic Development Diplomas from Confederation College Applied Arts and Technology. Tookenay's experience, knowledge and deep roots within the First Nation communities will continue to add significant value to Canada Silver Cobalt Works' development efforts over the coming years.

Jacques F. Monette—Director

Jacques Monette is a career miner who has been engaged in every facet of underground mining for more than 40 years. His previous positions included Shaft Project Coordinator with Cementation Canada Inc., Vice President of Operations/Mining Division for Wabi Development Corp., Vice President of Development for CMAC Mining Group, Operations Manager for Moran Mining and Tunneling, as well as Area Manager for J.S. Redpath Group.

Robert Setter B.A. Econ.—Director

Robert Setter is the former Senior Financial Editor for Report on Mining. He brings an extensive business, marketing and analysis background to the company, is a graduate of UBC and holds a BA in Economics. Setter serves as Corporate Research and Analytics for Granada Gold Mine Inc. since 2012.

Tina Whyte — Corporate Secretary

Tina Whyte brings over 20 years of experience in the corporate and securities industry. Her expertise spans to areas of corporate governance, continuous disclosure, financing transactions, regulatory filings and compliance. Whyte holds corporate secretary positions with other publicly-listed companies.

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Canada Silver Cobalt Intersects High-Grade Silver Up to 6,188.43 g/t Ag with a Gold Equivalent of 74.67 g/t Au at Castle East

Canada Silver Cobalt Intersects High-Grade Silver Up to 6,188.43 g/t Ag with a Gold Equivalent of 74.67 g/t Au at Castle East

Excellent intercepts from the Big Silver Zone will contribute significantly to the upcoming resource update

Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTCQB: CCWOF) (FSE: 4T9B) (the "Company" or "Canada Silver Cobalt") is pleased to announce a continued expansion of its silver deposit at Castle East with excellent intercepts from the Big Silver Zone containing high-grade silver and cobalt grades. The drill results will be included in the planned resource update expected by the end of Q1 2022.

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Canada Silver Cobalt Intersects High-Grade Silver up to 6,188.43 g/t Ag with a Gold Equivalent of 74.67 g/t Au at Castle East

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(TheNewswire)

Canada Silver Cobalt Works Inc.

Excellent intercepts from the Big Silver Zone will contribute significantly to the upcoming resource update.

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Re-2Ox Process Extracts 99 Percent of Rubidium from Granada Gold Mine's Battery Metals Zone

Re-2Ox Process Extracts 99 Percent of Rubidium from Granada Gold Mine's Battery Metals Zone

Stage I bench-scale testing has been completed at SGS Lakefield using the Re-2Ox process for the recovery of performance-enhancing battery metal Rubidium from Granada Gold Mine's drill core. Test work was funded and supervised by Canada Silver Cobalt Works

Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTCQB: CCWOF) (FSE: 4T9B) (Canada Silver Cobalt or the Company) and Granada Gold Mine Inc. (TSXV: GGM) (OTC Pink: GBBFF) (FSE: B6DA) are pleased to announce positive bench-scale leach test results achieving 99 percent extraction of the contained alkali metal rubidium from drill core sourced from the recently discovered EV battery metals zone at the Granada Gold deposit in northwestern Quebec.

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Canada Silver Cobalt Reports High-Grade Silver and Cobalt Intersections at Castle East with up to 2,571.53 g/t Silver

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(TheNewswire)

Canada Silver Cobalt Works Inc.

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Battery Mineral Resources Announces Intercept of 102 Meters Grading 1.41% Copper, at Dalmacia Target at Its Punitaqui Mine

Battery Mineral Resources Announces Intercept of 102 Meters Grading 1.41% Copper, at Dalmacia Target at Its Punitaqui Mine

Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) ("Battery" or "BMR" or the "Company") is extremely pleased to announce encouraging drill core assay results from the on-going 2021 exploration and in-fill drill program focused on extensions of the Cinabrio orebody, the Dalmacia and San Andres targets within the Punitaqui mine complex ("Punitaqui") in Chile. Punitaqui is slated for resumption of copper concentrate production in mid to late-2022.

Dalmacia is in the southern portion of the Punitaqui area about 6 kilometers south of the Punitaqui copper processing plant. The Dalmacia target has underground mining access, partially delineated mineralized zones and is targeted as a potential new source of ore feed to the Punitaqui ore concentration plant (see Figure 1).

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FPX Nickel to Present at TD Securities Global Mining Conference

FPX Nickel to Present at TD Securities Global Mining Conference

FPX Nickel Corp. (TSXV: FPX), (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce that the Company will be presenting at this year's TD Securities Global Mining Conference (the " TD Conference ") on Friday, January 28, 2022 at 1:50 pm Eastern Time . FPX is one of only two companies invited to present during the TD Conference's session on nickel.

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Battery Mineral Resources Closes First Tranche of Unsecured Convertible Debenture Financing

Battery Mineral Resources Closes First Tranche of Unsecured Convertible Debenture Financing

Battery Mineral Resources Corp. (TSXV: BMR) (OTCQB: BTRMF) ("Battery" or "BMR" or the "Company") is pleased to announce that it has closed the first tranche of the non-brokered private placement of 8% unsecured convertible debentures (the "Debentures") previously announced in the Company's news release of January 14, 2022. Gross proceeds for the first tranche total C$3,250,000.

The proceeds from the Debentures will be used to fund an extension of the successful 2021 exploration drilling program at the Company's recently acquired Punitaqui copper project in Chile and for general working capital purposes.

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Fortune Minerals Secures Option to Purchase Brownfield Site in Alberta's Industrial Heartland for NICO Refinery

Fortune Minerals Secures Option to Purchase Brownfield Site in Alberta's Industrial Heartland for NICO Refinery

Former steel fabrication plant with buildings and facilities to materially reduce capital costs

Fortune Minerals Limited (TSX: FT) (OTCQB: FTMDF) (" Fortune " or the " Company ") ( www.fortuneminerals.com ) is pleased to announce that it has entered into an option agreement with JFSL Field Services ULC (" JFSL "), a wholly-owned subsidiary of a large international engineering company, to purchase its former steel fabrication plant, located in Lamont County within Alberta's Industrial Heartland northeast of Edmonton. Pursuant to the agreement, Fortune will have six months to carry out additional due-diligence and complete the purchase of the JFSL facility for C$5.5 million. Fortune intends to acquire this brownfield site in order to construct the hydrometallurgical refinery for the planned NICO Cobalt-Gold-Bismuth-Copper mine in the Northwest Territories (" NWT "). The proposed refinery would process concentrates from the mine and produce cobalt sulphate for the rapidly expanding lithium-ion rechargeable battery industry and their use in electric vehicles (" EV's "), portable electronic devices, and stationary storage cells to make electricity use more efficient. In addition to cobalt, the unique mineral assemblage of the NICO deposit includes a highly liquid 1.1 million ounce in-situ gold co-product, 12% of global bismuth reserves, and copper. The vertically integrated NICO development (" NICO Project ") would provide a reliable North American source of three Critical Minerals produced responsibly with Canadian environmental-social governance (" ESG ") values that are essential to support the transformation to new technologies and the growing green economy.

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Electra Battery Materials Logo

Electra Battery Materials


Overview

As governments, large corporations, and established automakers turn their attention to clean energy initiatives, it’s clear the reliance on electric vehicles and battery technology is on the rise. In fact, electric vehicle (EV) sales are expected to increase ten-fold from 3.2 million units in 2020 to an astonishing 32.2 million units in 2030, resulting in an aggressive demand for battery materials as the green economy takes off. However, with the battery material market being led by China controlling over 80 percent of the current market share the need for a domestic supply chain is critical now more than ever.

Among battery supply materials, cobalt and nickel are considered crucial to lithium-ion batteries used in EVs. The battery industry requires materials such as nickel and cobalt to be supplied in a specific chemical form for the production of precursor material converted to cathode active material used in lithium-ion batteries. As the demand for EVs booms in the coming years, companies outside of China that can supply battery materials in this specific chemical form will likely present an attractive opportunity for investors.

Electra Battery Materials (TSXV:ELBM,OTCQX:ELBMF) is an ESG-focused battery materials company advancing the only fully integrated, localized and environmentally-sustainable battery park in North America. Electra is led by a highly experienced management team with decades of experience in the mining and mineral processing industry.


Electra Battery Materials’ battery materials park, the first of its kind in North America, will supply the electric vehicle industry with cobalt and nickel sulfate production, a large-scale lithium-ion battery recycling facility and battery precursor materials production . The company plans to become a leader in the battery supply chain by leveraging vertical integration opportunities in North America.
Electra Battery Materials Battery Materials Park

"Globalization has created an electric vehicle supply chain that is too long, too costly and increasingly unreliable," said Trent Mell , President & CEO in an interview with INN. "Our automaker clients have a strong interest in greater localization of the upstream supply chain to achieve greater reliability, security of long-term supply, and a lower carbon footprint. With the continent's rich mineral endowment, the rationale for supplying battery materials through Asia into a growing U.S. EV market is not sustainable. Electra will act as a bridge between North American electric vehicles and a North American source of primary and recycled material, providing a low carbon solution for zero emission vehicles.”

The creation of a nickel sulfate production line directly supports the company’s four-phase growth plan. The company is already in talks with various nickel suppliers to secure the raw materials its future nickel sulfate facility will require, which when combined with its near-term cobalt output, could power 1.5 million electric vehicles each year.

The company’s cornerstone asset, the Cobalt Refinery, is a fully-permitted, modular and environmentally-friendly facility located in Ontario, Canada. The facility will be the world’s second-largest battery-grade cobalt sulfate refinery outside of China.

The Company’s 4-phased approach to market entry allows it to grow its product line offering in line with demand from the evolving EV market, while minimizing risk and managing capital intensity.

Electra Battery Materials Cobalt Refinery

At Phase 1, the refinery is expected to be capable of supplying the EV market with 25,000 tonnes of battery-grade cobalt sulfate per annum in 2023, with a planned increase of 30 percent shortly thereafter. The company’s refinery will account for 26 percent of cobalt sulfate production outside of China.

The next stage, Phase 2, Electra will be growing its recycling business initially targeting black mass from consumer electronics and subsequently targeting primary battery scrap material from North American EV cell manufacturers.

Based on industry forecasts, there could be nearly 250,000 tonnes of lithium-ion batteries available for recycling from manufacturing scrap in North America alone by 2025. (see how to footnote Benchmark and Li-cycle)

As the e-mobility and renewable energy industries ramp up in North America, Electra will use hydrometallurgy to recycle black mass back into useable Li-ion battery materials.

The Company’s third phase involves refining nickel from 2024 to 2025, while Phase 4 involves establishing a partnership for a PCAM plant in 2025.

Developing a world-class critical mineral deposit in the USA: The Iron Creek Copper-Cobalt Project

Electra is the owner of one of the only primary copper/cobalt deposits in the United States. Cobalt is a strategic critical mineral identified by the US Government as part of their broader efforts to secure domestic supply chains.

Iron Creek will support the asset necessary for the nation’s development of the US-based a domestic EV materials supply chain.

  • Indicated Resource of 2.2 million tonnes at 0.32 percent cobalt equivalent (0.26 percent cobalt and 0.61 percent copper) for 12.3 million pounds of contained cobalt and 29 million pounds of contained copper
  • Inferred Resource of 2.7 million tonnes at 0.28 percent cobalt equivalent (0.22 percent cobalt and 0.68 percent copper) for 12.7 million pounds of contained cobalt and 40 million pounds of contained copper

Electra Battery Materials is committed to ESG initiatives with industry-leading credentials. The company’s ESG commitments include recycling, producing a low carbon footprint, fostering traceability and shortening and securing a domestic supply chain. The company’s refinery is expected to produce 51 percent lower greenhouse gases than its Chinese counterparts with higher yields and lower energy requirements.

Company Highlights

  • Electra Battery Materials Corporation (TSXV:FCC,OTCQX:FTSSF) is an ESG-focused battery materials company focused on building the first battery-grade refinery in North America. The company aims to build the only fully integrated, localized and environmentally-sustainable battery park in North America.
  • Electra’s Battery Materials park will supply the electric vehicle industry with cobalt and nickel sulfate production plants, a large-scale lithium-ion battery recycling facility and battery precursor materials production
  • The company’s Refinery is a fully-permitted, modular and environmentally-friendly hydrometallurgical facility located in Ontario, Canada. The facility will be the world’s second-largest battery-grade sulfate refinery outside of China.
  • The company’s Iron Creek Project offers strong resource growth potential to become an important critical mineral deposit for the U.S’ domestic EV supply chain. Inferred Resource of 2.7 million tonnes at 0.28 percent cobalt equivalent (0.22 percent cobalt and 0.68 percent copper) for an additional 12.7 million pounds of contained cobalt and 40 million pounds of contained copper. The resource estimate used a 0.18 percent cobalt equivalent cutoff grade.Electra Battery Materials is committed to ESG initiatives with industry-leading credentials. The company’s ESG commitments include recycling, producing a low carbon footprint, fostering traceability and shortening and securing a domestic supply chain.

Key Projects

Electra’s Refinery

Electra Battery Materials Electra\u2019s Refinery

The Electra’s Refinery is a fully-permitted and environmentally-friendly hydrometallurgical facility located in Ontario, Canada. The facility will be the world’s second-largest non-Chinese battery-grade sulfate refinery and the only refinery in North America of its kind. The property is located near exceptional infrastructure with access to talented skilled labour. The Refinery will provide battery-grade cobalt and nickel, recycled battery materials and precursor material through its modular design.

The facility has a 10-year operating history. The company’s lithium-ion battery recycling process involves hydrometallurgical refining of Black Mass which is superior to pyrometallurgy. The process produces higher yields, significantly lower energy intensity and lower greenhouse gas emissions compared to pyrometallurgical facilities. Additionally, the process allows for lithium and graphite recoveries, unlike pyrometallurgy. The refinery is environmentally friendly as it is expected to produce 51 percent lower greenhouse gases than its Chinese counterparts. These low emissions are credited to the hydroelectric electricity grid in the area.

Electra Battery Materials strongly believes that this facility can supply the electric vehicle market in North America with 5,000 tonnes of cobalt contained as early as the fourth quarter of 2022. The company has already begun work on commissioning a lithium-ion battery recycling line in 2021. Electra Battery Materials is currently in the process of testing black mass feeds from recycled batteries and is awaiting the results from test work and engineering studies in the coming weeks.

Iron Creek Project

Electra Battery Materials Iron Creek Project

The Iron Creek project is a copper and cobalt project located in Lemhi County in the state of Idaho in the United States. The project is situated in the most prolific trend of cobalt mineralization in the US. The property spans 1,820 acres of mining patents and exploration claims. The Iron Creek project is located in the same trend as the historic Blackbird mine. The project features significant infrastructure that allows for multiple drills and underground activity. The property is accessible via an all-weather road that connects to a highway.

The property features historic exploration of 600 metres of underground development from 1970 to 1972. The company produced an updated and upgraded NI43-101 compliant resource estimate in 2020. Iron Creek currently has an Indicated Resource of 2.2 million tonnes at 0.32 percent cobalt equivalent (0.26 percent cobalt and 0.61 percent copper) for 12.3 million pounds of contained cobalt and 29 million pounds of contained copper, as well as an Inferred Resource of 2.7 million tonnes at 0.28 percent cobalt equivalent (0.22 percent cobalt and 0.68 percent copper) for an additional 12.7 million pounds of contained cobalt and 40 million pounds of contained copper. The resource estimate used a 0.18 percent cobalt equivalent cutoff grade

In total, Electra Battery Materials has completed the advanced exploration of 29,00 metres of diamond drilling to date. Electra Battery Materials believes the property has strong high-grade resource growth potential given the strike extent and open nature of the mineralization in all directors. The company is currently awaiting drill results on the property expected at the beginning of 2022.

Management Team

Trent Mell - President, Chief Executive Officer and Director

Trent Mell founded First Cobalt in 2017. Mell has more than 20 years of international business and operational experience. His mining career experience includes mine permitting, development and operations with Barrick Gold, Sherritt International, North American Palladium and AuRico Gold. Mell’s commercial experience includes M&A, joint ventures, offtake contracts and over $2.6 billion in equity and debt financings. He was also the CEO of Falco Resources. Falco Resources is the owner of the Horne project which has mineral reserves of over 6 million gold equivalent ounces. Mell was the president and head of mining of PearTree Securities. In this role, Mell created a mining team and led the firm to become the largest provider of flow-through capital in Canada, placing more than $300 million in capital in their first year.

Mell holds an EMBA from the Kellogg School of Management and Schulich School of Business, an LL.M from Osgoode Hall as well as a B.A., B.C.L. and LL.B. from McGill University.

Ryan Snyder - CPA, CA and Chief Financial Officer

Ryan Snyder has more than a decade of experience in finance. Previously, he spent five years in operations finance with Inmet Mining Corporation. In this role, he led a project to build the life-of-mine model for Cobre Panama which is one of the largest copper development projects in the world. He also led the worldwide annual budgeting and quarterly forecasting processes, oversaw operational financial reporting and analysis and conducted scenario analysis for strategic decision-making. He then joined Enirgi Group Corporation where he oversaw financial planning, asset modelling and corporate governance. Most recently, he was with Primero Mining Corp. Snyder initially began as the director of finance and treasurer of Primero Mining but later became the chief financial officer. At Primero Mining, he was part of the team that negotiated the friendly merger of Primero with First Majestic Silver in 2018. Before entering the mining industry, Synder obtained his Chartered Professional Accountant designation with KPMG LLP.

Mark Trevisiol - P.ENG. and Vice President of Project Development

Mark Trevisiol is a professional engineer with 30 years of experience in mineral processing, mining, capital projects and executive management. He spent over 20 years with Falconbridge Ltd. and Xstrata Nickel which are Glencore predecessor companies. At these companies, he held various roles, including general manager of business development and strategy, general manager of the Sudbury smelter business unit, manager of smelter operations and superintendent of the Kidd Creek Zinc plant. More recently, Trevisiol held several executive leadership and board positions, including CEO positions at Crowflight Minerals and Silver Bear Resources.

During his career, Trevisiol has been responsible for mining and mineral processing for teams of up to 300 people. He was also responsible for operations, safety and environment, custom feed, engineering, maintenance and technology. He has a demonstrated track record of increasing plant efficiency and margins, notably in treating third-party feeds. With Falconbridge Ltd., he championed a new recycling facility primarily designed to handle spent cobalt-based lithium batteries. He has worked across several commodities, including nickel, cobalt, zinc, copper, lithium, gold, and silver.

Trevisiol has an engineering degree from the University of Waterloo.

Michael Insulan - Vice President of Commercial

Michael Insulan has nearly 20 years of experience across oil and gas, bulk commodities and base and minor metals. He has worked for Royal Dutch Shell, CRU and Eurasian Resources Group. Over the past four years, Insulan has been primarily focused on the cobalt market where he has built a reputation as an industry expert.

As vice president of commercial, Insulan will have overall responsibility for marketing the company’s refined cobalt sulfate product to electric vehicle (EV) manufacturers and battery cell makers. He will also be responsible for marketing recycled cobalt, nickel, lithium and other battery materials produced by the company’s Canadian refinery. These marketing efforts are part of a proposed Phase 2 expansion to refine black mass recovered from end-of-life lithium-ion batteries.

Michael holds a Ph.D. in Economics focused on the extractive industries.

Regan P. Watts - Vice President of Corporate Affairs

Regan P. Watts is a seasoned and entrepreneurial executive with more than 20 years of public and private sector experience in corporate communications, strategy, innovation and regulatory and corporate affairs. His experience spans various industries, including infrastructure, transportation, industrial manufacturing, information technology and financial services.

Watts has provided services to Electra Battery Materials since 2019 and has been instrumental in helping communicate the company’s priorities and plans to the Government of Canada and the Government of Ontario. In his executive capacity, Watts will add U.S. corporate and regulatory affairs to his responsibilities. Electra Battery Materials has ambitious plans for its Iron Creek copper-cobalt project in Idaho which align with President Biden’s US$2 trillion green energy plan.

Before working with Electra Battery Materials, Watts was a member of IBM Canada’s senior leadership group. At IBM, Watts headed the innovation, citizenship and government affairs team.

Before IBM, he served on the executive committee of Lafarge Canada where he led corporate communications, public and regulatory affairs and corporate social responsibility. Watts had an extensive career in public service, serving in leadership roles in the Government of Canada across four federal departments. From 2006 to 2012, he served at Finance Canada, Transport Canada, Health Canada and Foreign Affairs and International Trade Canada. In 2012, Watts was awarded the Queen Elizabeth II Diamond Jubilee Medal for his public service to Canada. Watts is also a published author. Watts holds an MBA from the Ivey Business School at Western University and is president of consultancy Fratton Park Inc.

Christina Lalli - Head of Investor Relations

Christina Lalli has nearly 20 years of investor relations and capital markets experience. Lalli has spent the majority of her career in the mining sector. She has held several senior-level investor relations positions throughout her career. Christina’s contribution has been instrumental in building robust IR programs, establishing new shareholder contacts and developing important relationships within Canada, the U.S. and Europe. Before joining Electra Battery Materials, she worked for Nouveau Monde Graphite, a Canadian natural graphite and battery anode materials company, currently in development. In this role, she acted as a key force in driving the company’s market awareness and share price growth. Before that, she worked for both Osisko Metals and Osisko Mining Corporation in 2003. Osisko Mining Corporation is an important success story in Canadian mining history.

Lalli holds a BA in Psychology and Human Relations as well as a graduate diploma from the Ivey School of Business from the University of Western Ontario. She is a Certified Professional in Investor Relations (CPIR) and a long-time member of the Canadian Investor Relations Institute.

Dr. George Puvvada - Refinery Technical Manager

Dr. George Puvvada is a P.Eng. and PMP with a Ph.D. Puvvada is a highly qualified metallurgist with over 25 years of industrial metallurgical experience. Over his career, Dr. Puvvada built a reputation for developing flowsheets for difficult ores. He also delivered projects for some of the world’s largest mining companies, including Vale, Xstrata and Barrick Gold.

As Electra Battery Materials’ technical manager, Dr. Puvvada will be a key member of the senior leadership team tasked with executing the company’s refinery expansion and commissioning strategy. He will also assist in qualifying the Electra Battery Metal’s cobalt sulfate product for inclusion in Western automaker electric vehicle batteries.

Before joining Electra Battery Materials, Dr. Puvvada was employed with Northern Sun Mining. Dr. Puvvada oversaw all aspects of feed evaluation, metallurgical processing, lab supervision and project development at Northern Sun Mining. He previously spent several years as a metallurgist at the Peko Mine in Australia where he tested, developed and piloted for the recovery of base and precious metals. Dr. Puvvada has also worked with some of the world’s leading metallurgical and engineering firms, including SNC Lavalin, Tetra Tech, Ortech and SGS. Dr. Puvvada holds a Bachelor’s Degree in Mineral Processing from Andhra University in India and a Ph.D. in Extractive Metallurgy from the University of New South Wales in Australia.

Electra signs Battery Recycling and Cobalt Supply Agreement with Marubeni

Electra signs Battery Recycling and Cobalt Supply Agreement with Marubeni

Electra Battery Materials Corporation (TSXV: ELBM) (OTCQX: ELBMF) ("Electra") is pleased to announce that it has signed a battery recycling and cobalt sulfate supply agreement with Japanese conglomerate Marubeni Corporation ("Marubeni").

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