Business
Canada Silver Cobalt Prepares Battery Metals Business for Monetization
(TheNewswire) Aimed at surfacing value for the Company’s battery m...
About this update from Nord Precious Metals Mining Inc.
[{"type":"text","content":"Canada Silver Cobalt Prepares Battery Metals Business for Monetization \n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n Aimed\nat surfacing value for the Company’s battery metals assets while\ncontinuing to focus on world-class precious metals properties\n \n \n \n \n Coquitlam, BC -\n \n \n TheNewswire -\n \n \n November 9, 2021 - Canada Silver Cobalt Works\nInc.\n \n \n (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B)\n(the \"Company\" or \"Canada Silver Cobalt\") is\npleased to announce that it has established a separate subsidiary for\nits battery metals business to be named Coniagas Battery Metals Inc.\nThe new subsidiary will own the nickel-copper-cobalt exploration\nproperties that the Company is currently exploring in northern Quebec\nand Ontario as well as the proprietary ‘Green’ Re-2Ox processing\ntechnology that is able to produce cobalt, nickel and copper sulphates\nfor electric vehicle battery manufacturers.\n \n \n \n \n “While the Company’s main focus continues to be our\nworld-class high-grade silver deposit at Castle East with exploration\ndrilling, environmental permitting, and a major resource update\nscheduled for Q1 2022 as outlined in a recent corporate update\n(November 1, 2021 news release), we are also taking additional steps\nalong the path we had outlined previously towards surfacing value for\nour battery metals assets. The establishment of this new subsidiary\nwill pave the way for an eventual spin-out of our battery metals\nbusiness into a separate publicly traded company for the benefit of\nour shareholders,” stated CEO Frank Basa. (See news releases\nFebruary 16 and July 22, 2021)\n \n \n \n \n Matt Halliday, President, COO and VP Exploration,\nstates: “Right now there is a lot of interest in battery metals and\nwe think the best way forward to give our assets a higher level of\nvisibility, and for achieving a proper valuation in the market, would\nbe to split the Company into two parts – one focused on the\nexceptional Castle East silver discovery as well as the Kirkland\nLake-area gold properties we recently acquired, and the other tasked\nwith advancing our battery metals exploration properties and the\nRe-2Ox technology.”\n \n \n \n \n Battery Metals Assets\n \n \n \n \n Coniagas Battery Metals Inc. will include the Re-2Ox\nprocessing...