Cobalt Bloom

440,000 pounds Cobalt Historical Production

Canada Cobalt Works Inc.



Canada Cobalt Works Inc. (formerly Castle Silver Resources Inc.) is a growing cobalt focussed Company with past producing Canadian cobalt/silver mines under exploration, a proprietary metal separation process for efficient cobalt extraction plus a cobalt recovery division set up to recover cobalt from spent batteries. The Company is moving forward on all fronts with cobalt prices continuing to rise due to supply shortfalls as battery production ramps up to meet the increasing global demand for electric vehicles.

Cobalt Overview on the Properties

In addition to the Castle Silver Mine profitably operated by Agnico Eagle Mining up until the late 1980’s, the Company also has 100% ownership of the Beaver and Violet cobalt silver mine properties located near the historic Castle silver cobalt mine property.  Roughly 300,000 pounds of cobalt was mined from Castle over the years, see August 3rd 2015 Technical Report with the Beaver mine property having historical documented cobalt production of another 140,000 pounds.  Although cobalt has been in the news as the price continues to head up, work related to cobalt on these properties dates to 2011 when drill hole CA11-09 returned 1.44% cobalt over 0.12 metres (0.39 feet) at Castle plus CA11-08 returned 6,476 grams …

Cobalt in the News

Bloomberg – Threat of cobalt supply shock top risk for EV’s – facing shortages in early 2020’s

A burgeoning risk of a supply crunch in cobalt — a key battery metal that’s more than tripled in price in two years — poses one of the biggest threats to forecasts for rising electric vehicle adoption.

Battery makers descend on Australia, Canada cobalt developers

Nervous Asian battery makers are turning to early-stage cobalt projects in Australia and Canada to lock in supplies of the critical battery ingredient ahead of expected shortages as demand for electric vehicles revs up….

Cobalt prices close in on $40 per lb with ‘nothing to pull them down’

Cobalt prices rose closer to $40 per lb on Friday March 2 when suppliers raised their offers again, confident that buyers will soon have to book at higher levels on bullish expectations for electric vehicle batteries and good demand from the super-alloys sector…

Glencore’s talks to sell cobalt to Chinese firm falter on price

Glencore is in talks to sell around a quarter of its cobalt output in a one-year deal to Chinese firm GEM, but price is a sticking point as Glencore and other major producers are now able to exert more influence in negotiations, sources said…

Canada Cobalt Works Online Forum

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