Canada Cobalt Works Inc. is pleased to provide the following update with regard to its proposed acquisition of 100% of the issued and outstanding shares of PolyMet Resources Inc. . Canada Cobalt and PolyMet have executed an amendment dated December 3, 2019, to their original binding Letter of Intent which provided for an issuance of shares by [...]
Canada Cobalt Works Inc. is pleased to announce that Matt Halliday, P.Geo., has been appointed VP-Exploration of the Company, effective mid-December. He joins Canada Cobalt from Kirkland Lake Gold where he has been serving as Resource Geologist. "We're delighted to have an individual of Matt's caliber join our team," explained Frank Basa, Canada [...]
Canada Cobalt Works Inc. is pleased to announce that the Company has closed an over-subscribed hard dollar financing at 35 cents per unit for total proceeds of $1,406,500. A total of 4,018,571 units were issued to strategic investors with this private placement. Each unit consisted of one common share in the capital of the Company and one share [...]
Canada Cobalt Works Inc. is pleased to announce that the Company has increased its non-brokered hard dollar private placement at 35 cents per unit to $1,250,000 from the previously announced $1,000,000. The financing is expected to close on or about November 8, 2019. Each unit of the private placement comprises one share and one share purchase [...]
Canada Cobalt Works Inc. is pleased to provide the following corporate update. Underground Drilling Multi-directional diamond drilling on the first level of the Castle Silver-Cobalt mine is expanding the footprint of massive cobalt, nickel and silver mineralization near the adit entrance where drilling last year returned high grades . A total of [...]
Canada Cobalt Works Inc. is pleased to announce that the Company has successfully poured its first silver in a proof of concept test ahead of a significant ramp-up that will officially begin with the pouring of a 1,000-ounce silver dore bar planned for later this month. The pilot plant at the Castle mine separated leaf silver and created silver [...]
Canada Cobalt Works Inc. is pleased to announce that the Company has signed a binding Letter of Intent to acquire the assets of PolyMet Resources Inc. , owner of PolyMet Labs and the Northern Ontario Silver-Cobalt Camp's only permitted and operating mineral and precious metal processing facility. The Transaction, consummated at a strategic time in [...]
Canada Cobalt Works Inc. is pleased to announce that the Company has arranged a non-brokered hard dollar private placement with strategic investors to raise gross proceeds of $1,000,000 at 35 cents per unit. Each unit of the private placement comprises one common share and one share purchase warrant. Each warrant will entitle the holder thereof [...]
Canada Cobalt Works Inc. is pleased to announce that the Company has closed the second and final tranche of its recently announced private placement with strategic investors at 30 cents per unit, raising gross proceeds of $728,000 for the two tranches. Proceeds of the private placement will be used to immediately accelerate the company's various [...]
Canada Cobalt Works Inc. is pleased to announce that crews are mobilizing next week to the Castle Silver-Cobalt mine near Gowganda, Ontario, to commence a Phase 2 underground drill program and accelerate a series of additional initiatives. The Company has closed the first $475,000 of its recently announced private placement and has increased the [...]
Canada Cobalt Works Inc. today issued a reminder to Dividend Warrant Holders that received Dividend Warrants to purchase common shares of the Company, dated February 25, 2019 at an exercise price of $0.10 per share, are set to expire on Sunday, September 15, 2019. As the expiration date is not a trading day on the TSX Venture Exchange, the [...]
Canada Cobalt Works Inc. is pleased to announce that the Company has arranged a non-brokered hard dollar private placement with strategic investors to raise gross proceeds of $500,000 at 30 cents per unit. Proceeds of the financing, expected to close shortly, will go toward the start of a Phase 2 underground drill program commencing in September [...]