Cobalt Bloom

440,000 pounds Cobalt Historical Production

Canada Cobalt Works Inc.



Canada Cobalt Works Inc. (formerly Castle Silver Resources) is a growing cobalt focused Company with past producing Canadian cobalt/silver mines under exploration. The Company also owns a proprietary environmentally friendly metal separation technology for efficient cobalt extraction that was used in 2018 to produce a cobalt sulphate compound suitable for end use in battery production. The material used to produce the compound was taken directly from the first level adit at the historic Castle Silver Mine site. The Company continues to advance on several fronts with cobalt demand forecast to increase due to greater supply needs for battery producers to meet rising global demand for electric vehicles.

Cobalt Overview on the Properties

In addition to the Castle cobalt silver mine profitably operated by Agnico Eagle Mining in the 1980’s, the Company also has 100% ownership of the Beaver and Violet cobalt silver mine properties located near Castle.  Roughly 300,000 pounds of cobalt was mined at Castle over the years, see August 3rd 2015 Technical Report with Beaver having historical documented cobalt production of another 140,000 pounds.

Cobalt in the News

Fears Rise China Could Choke off Supply of Rare Earths in Trade War

China’s grip on the world’s rare earths market is in focus once again amid speculation the dominant producer could choke off supplies as the trade war escalates. But they’re not the only strategic minerals to watch if China’s relations with the U.S. deteriorate.

BMW to buy cobalt direct from Australia, Morocco for EV batteries

German carmaker BMW will buy cobalt, a key component for electric vehicle (EV) batteries, directly from mines in Australia and Morocco to ensure they are not produced by child labour, an executive said on Tuesday.

BMW to stop purchasing Congo cobalt in 2020/21

According to Andreas Wendt, the board member responsible for purchasing at BMW, the company will no longer purchase cobalt from the Democratic Republic of Congo with the introduction of the fifth generation of electric vehicles from 2020/21.

Written Testimony of Simon Moores, Managing Director, Benchmark Mineral
Intelligence

Since my last testimony only 14 months ago, we have reached a new gear in this energy
storage revolution which is now having a profound impact on supply chains and the raw
materials that fuel it

Ford to lead blockchain pilot that traces cobalt mined in Congo

Automaker Ford has partnered up with IBM, South Korean battery maker LG Chem and China’s largest cobalt producer Huayou Cobalt to test the first blockchain project to trace supplies of the metal from Democratic Republic of Congo (DRC)

CEO Frank Basa on work underway to resume cobalt-silver mining at Castle (Small Cap Power PDAC March 2019)

Frank Basa on Re-2OX and 2019 Plans, Investor Intel March 20, 2019