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Canada Silver Cobalt Works acquires 39,200H of EV properties in Ont and Que

Feb 17, 2021

Canada Silver Cobalt Works Inc. has announced the acquisition of 39,200 hectares of EV properties in Quebec and Ontario.  It is Canada Silver Cobalt’s intention to transfer the properties, in exchange for shares, to another public company to be identified by the Company, in order to capitalize on the current EV market, and to distribute the shares by way of dividend to Canada Silver Cobalt’s shareholders.

These properties have a strong potential to host a variety of base metals including nickel, copper and cobalt. This strategic move is for structural organization purposes to add to our current cobalt mineralization discoveries in the Cobalt Camp and as an expedient approach to the increasing demand for EV battery input materials.  Canada Silver Cobalt’s main focus will remain on its High-Grade silver discovery at the Robinson Zone with drill core silver grades of 89,000 grams per tonne ( January 29, 2021 CCW Press release).

CEO Frank J. Basa P.Eng . notes, “Timing has never been better, which is why we are moving ahead with these acquisitions that will facilitate strategic positioning for the Company to take full advantage of rapidly evolving market conditions for EV battery base metal inputs.  The idea is to best position the Company to take full advantage of synergies, government policy and financial supports as the urgent search for massive deposits of metals needed to fulfill stated green objectives accelerates.”

Tags: Northern Ontario / Investment / Battery Metals / All Articles