$CSR.V Samples 3.1% Cobalt in Underground Bulk Sample

Electric Vehicle, Cobalt Demand

Frank Basa's Castle Silver is feeling the joy as  an underground sampling program returned high-grade cobalt in the range of 3.1% from areas on the first level of the Castle mine near Gowganda, Ontario. Highlights are as follows (see table below for complete results): 3.1% cobalt in sample CSR-UG-T-2 (mini-bulk) 1.04% cobalt in sample CSR-UG-T-3 (mini-bulk) 2.3% cobalt in sample CSR-17-10 (composite from the two mini-bulk samples) More samples are pending and the high … [Read more...]

One Critically Hot Metal, Cobalt

Cobalt 12 Year Price Chart: Infomine

Cobalt is hard not to love right now and a handful of junior companies have sprung to life in the wake of cobalt’s aggressive two year price run. While ups and downs in the price of cobalt are going to occur, this commodity’s demand is not just a temporary blip on the chart. Investor demand for battery metals is coming from the Electric Vehicle (EV) market, and specifically the battery market. January sales of EV’s this year saw a 70% increase year-over-year, with 159,139 EV’s sold last year in … [Read more...]