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    CCW   CA1348521024

CANADA SILVER COBALT WORKS INC.

(CCW)
Delayed Bourse de Toronto  -  02:26 2022-06-30 pm EDT
0.1200 CAD   -.--%
06/27CANADA SILVER COBALT WORKS : Nickel Intersected in Zone of Massive Sulphides at Graal
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06/27Canada Silver Cobalt Intersects 0.89 % Nickel EQ over 5.80 Meters in Zone of Massive Sulphides at Graal
NE
06/27Canada Silver Cobalt Intersects 0.89 % Nickel EQ over 5.80 Meters in Zone of Massive Sulphides at Graal
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Canada Silver Cobalt Works Inc. Enters into LOI with Power Group Projects to Purchase Cobalt Area Properties

05/02/2022 EDT

Canada Silver Cobalt Works Inc. announced that has entered into a non-binding letter of Intent dated April 20, 2022 with Power Group Projects Corp. which contemplates a transaction whereby PGP would sell its interest in specific Cobalt area properties, located in Coleman, Bucke and Lorrain Townships in the Larder Lake Mining Division of Ontario to the Company. The LOI is subject to a 90-day exclusivity and due diligence period. Under the terms of the LOI, the Company and PGP would enter into a formal agreement whereby the Company would purchase a 100% interest, subject to a 2% NSR in specific PGP Properties and the data related to the Property subject to a payment of $75,000 cash and the issuance of 300,000 shares of Canada Silver to PGP upon closing the transaction. The transaction is subject to TSX Venture Exchange acceptance. The Properties in question are comprised of 66 claims and 21 mining and surface rights patents totaling approximately 1,000 hectares. Within the patented claims, the historic Smith Cobalt Mine sunk a shaft to a depth of 452 feet in 1930's where they worked 4 veins and produced over 500 pounds cobalt. The property is adjacent to the past-producing Deer Horn Mine where over 2.5 million ounces silver and over 88,000 pounds cobalt, 150,000 pounds copper, and 30,000 pounds nickel were recovered between 1960 and 1965. An additional million ounces of silver was estimated (but unconfirmed) to be produced from 1928 to 1942 (Silver-Cobalt-Calcite Vein Deposits of Ontario, Mineral Deposit Circular 010, Ontario Department of Mines, A.O.Sergiades, 1968).


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All news about CANADA SILVER COBALT WORKS INC.
06/27CANADA SILVER COBALT WORKS : Nickel Intersected in Zone of Massive Sulphides at Graal
PU
06/27Canada Silver Cobalt Intersects 0.89 % Nickel EQ over 5.80 Meters in Zone of Massive Su..
NE
06/27Canada Silver Cobalt Intersects 0.89 % Nickel EQ over 5.80 Meters in Zone of Massive Su..
AQ
06/14CANADA SILVER COBALT WORKS : Drilling Resumes at Graal Property in Northern Quebec
PU
06/13Canada Silver Cobalt Works Inc. Resumes Drilling At Its EV Battery Metals Graal Propert..
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06/13Canada Silver Cobalt Resumes Drilling at Its EV Battery Metals Graal Property in Northe..
NE
06/13Canada Silver Cobalt Resumes Drilling at its Ev Battery Metals Graal Property in Northe..
AQ
06/07CANADA SILVER COBALT WORKS : Company Announces Passing of Director Jacques Monette
PU
06/06Canada Silver Cobalt Works Inc. Announces Demise of Jacques Monette, Director
CI
06/06CANADA SILVER Announces Passing of Director Jacques Monette
AQ
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Financials
Sales 2021 - - -
Net income 2021 -16,4 M -12,7 M -12,7 M
Net cash 2021 5,13 M 3,99 M 3,99 M
P/E ratio 2021 -1,33x
Yield 2021 -
Capitalization 24,3 M 18,9 M 18,9 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 98,8%
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Managers and Directors
Frank J. Basa Chief Executive Officer & Director
Matt Halliday President, Chief Operating Officer & Director
Robert D. B. Suttie Chief Financial Officer
Dianne Tookenay Independent Director
Jacques F. Monette Independent Director