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 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 the Castle mine property 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 recently, work related to cobalt on these properties dates to 2011 when drill hole CA11-08 from the historic Castle mine property returned 6,476 grams …

Cobalt in the News

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…

Apple in talks to buy cobalt directly from miners

Tech giant Apple Inc (NASDAQ: AAPL) is said to be in talks to buy long-term supplies of cobalt directly from miners as a way to ensure sufficient supply of the metal, an essential ingredient in the batteries that power its iPhone….

Cobalt prices continue to appreciate on tight supplies, steady demand

Tight supplies and trader buying continued to push spot cobalt prices higher in the week ended Friday January 26, but currency moves deterred large spot purchases of cobalt in the second half of last week…

Project Showcase

Castle Cobalt Silver Property
Beaver Cobalt Silver Property
Violet Cobalt Silver Property
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Canada Cobalt Works Online Forum

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