Canada Silver Cobalt Works CEO Frank Basa joined Steve Darling from Proactive with an update on the spin-out of the Graal-Nourricier-Lac Suzanne (Graal) property in Quebec into a company called Coniagas Battery Metals.
The update included new data from its Phase 2 drill program that has shown visual estimates of up to 29.90 meters of massive and semi-massive sulphides near the surface.
Basa told Proactive that the company's board has approved the spin-out, and 37% of the shares of Coniagas will be distributed to the shareholders of Canada Silver Cobalt.
He also expanded on the strong results from concentrate of Castle Mine Waste rock which revealed 11% cobalt and 4% nickel.
And he said the company has finalized and signed an option agreement to acquire a large lithium-cesium-tantalum pegmatite land package near Power Metals Case Lake Project.
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