Canada Cobalt Works Inc. is pleased to announce that the Company has increased its non-brokered hard dollar private placement at 35 cents per unit to $1,250,000 from the previously announced $1,000,000. The financing is expected to close on or about November 8, 2019. Each unit of the private placement comprises one share and one share purchase warrant. Each warrant will entitle the holder thereof to purchase one [...]
Canada Cobalt Works Inc. is pleased to provide the following corporate update. Underground Drilling Multi-directional diamond drilling on the first level of the Castle Silver-Cobalt mine is expanding the footprint of massive cobalt, nickel and silver mineralization near the adit entrance where drilling last year returned high grades . A total of 13 drill holes have already been completed in the adit entrance area with [...]
Canada Cobalt Works Inc. is pleased to announce that the Company has successfully poured its first silver in a proof of concept test ahead of a significant ramp-up that will officially begin with the pouring of a 1,000-ounce silver dore bar planned for later this month. The pilot plant at the Castle mine separated leaf silver and created silver gravity concentrate from mineralized Castle waste material. The concentrate [...]
Canada Cobalt Works Inc. is pleased to announce that the Company has signed a binding Letter of Intent to acquire the assets of PolyMet Resources Inc. , owner of PolyMet Labs and the Northern Ontario Silver-Cobalt Camp's only permitted and operating mineral and precious metal processing facility. The Transaction, consummated at a strategic time in the precious metals cycle, provides Canada Cobalt with multiple immediate [...]
Canada Cobalt Works Inc. is pleased to announce that the Company has arranged a non-brokered hard dollar private placement with strategic investors to raise gross proceeds of $1,000,000 at 35 cents per unit. Each unit of the private placement comprises one common share and one share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share of the Company at an exercise price [...]
Canada Cobalt Works Inc. is pleased to announce that the Company has closed the second and final tranche of its recently announced private placement with strategic investors at 30 cents per unit, raising gross proceeds of $728,000 for the two tranches. Proceeds of the private placement will be used to immediately accelerate the company's various initiatives at the Castle mine and property in the Gowganda Silver-Cobalt [...]
Canada Cobalt Works Inc. is pleased to announce that crews are mobilizing next week to the Castle Silver-Cobalt mine near Gowganda, Ontario, to commence a Phase 2 underground drill program and accelerate a series of additional initiatives. The Company has closed the first $475,000 of its recently announced private placement and has increased the financing with strategic investors to $600,000 or two million units at 30 [...]
Canada Cobalt Works Inc. today issued a reminder to Dividend Warrant Holders that received Dividend Warrants to purchase common shares of the Company, dated February 25, 2019 at an exercise price of $0.10 per share, are set to expire on Sunday, September 15, 2019. As the expiration date is not a trading day on the TSX Venture Exchange, the Dividend Warrants will be exercisable until 4:00 pm Pacific time on Monday [...]
Canada Cobalt Works Inc. is pleased to announce that the Company has arranged a non-brokered hard dollar private placement with strategic investors to raise gross proceeds of $500,000 at 30 cents per unit. Proceeds of the financing, expected to close shortly, will go toward the start of a Phase 2 underground drill program commencing in September, surface site preparation/development for other initiatives, regional [...]
Canada Cobalt Works Inc. is pleased to announce that Global Energy Metals Corp. has received approval from the TSX Venture Exchange for the acquisition of Canada Cobalt's Re-2OX technology to accelerate the advancement of the Lovelock mine and Treasure Box projects. Highlights Re-2OX skips the normal smelting process to achieve exceptionally high recovery rates for cobalt, nickel and copper, while also removing 99% of [...]
Canada Cobalt Works Inc. is pleased to announce that metallurgical testwork performed by SGS Lakefield has demonstrated that historic stamp mill tailings at Canada Cobalt's Castle mine are amenable to flotation and leaching, enhancing potential recoveries and creating an opportunity for a direct shipping precious metal concentrate in addition to a Re-2OX cobalt sulphate. Highlights: SGS has produced a high purity [...]
Canada Cobalt Works Inc. is pleased to announce that it has added approximately 4,800 hectares to its Castle mine land package, more than doubling the total size from 29.6 sq. km to approximately 78 sq. km. A new map of the Gowganda Camp, showing the holdings of Canada Cobalt and others, will be posted on the Canada Cobalt web site later today. The additional strategic contiguous ground is to the north and northeast. Most [...]
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