Canada Cobalt Works Inc. has title to the 3,300 hectare property formerly known as the Castle Silver Mine. The property was a past producing cobalt silver mine near the northern Ontario community of Gowganda, Ontario which is situated 85 km northwest of the historic Cobalt silver mining camp. This former Castle Silver Mine property is acknowledged to be situated within the traditional territories of two primary First Nations.
When Canada Cobalt acquired the property on September 15, 2015, it inherited two memorandums of understandings with First Nations entered into by the predecessor to Granada Gold Mine, Gold Bullion Development Corp.
The memorandums of understanding inherited are two agreements:
The agreements were entered into in order to ensure responsible and progressive development of exploration projects since they are located within the traditional territories of two First Nations. Canada Cobalt will continue with these agreements to honour and maintain the pre-existing relationships thus ensuring any development carried out at the Castle cobalt silver property will be consistent with the previously signed agreements.