COQUITLAM, BC, May 3, 2019 /CNW/ - Canada Cobalt Works Inc.
(TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the "Company" or "Canada
Cobalt") is pleased to announce the appointment of Mr. Marc T. Bamber to the Company's Board of
Directors, effective immediately.
Mr. Bamber, based in London,
England, has nearly two decades of successful deal-making
experience in the capital markets, with a primary focus on the
resource sector, and will use his international connections to help
spearhead an aggressive corporate development strategy pertaining
to Canada Cobalt's proprietary Re-2OX Process (refer to
April 30, 2019, news release).
"Given the latest results, Dr. Molnar and SGS Lakefield have
taken Re-2OX to an exciting new level that opens new doors of
opportunity for Canada Cobalt and its shareholders, not only in
Northern Ontario but on a global
scale," stated Bamber. "I look forward to playing an
important role in leveraging this technology into much more of a
key value-driver for Canada Cobalt among a series of positive
catalysts for the company."
Mr. Bamber was a core member of an award-winning special
situations fund for 7 years, vetting and executing investments in
hundreds of resource, tech, media and food companies.
About Canada Cobalt Works Inc.
Canada Cobalt is focused on immediate and longer-term value
drivers at its past producing Castle mine and adjoining land
package in the historic Northern Ontario Silver-Cobalt district,
Canada's cobalt heartland since
the start of the electric vehicle revolution. The Canada
Cobalt "advantage" includes underground access at Castle, an
innovative tailings program with a plan to recover silver, gold and
cobalt, a recently installed pilot plant to produce gravity
concentrates on site, a proprietary hydrometallurgical process
known as Re-2OX, and exciting exploration discovery potential at
Castle East.
"Frank J. Basa"
Frank J. Basa, P. Eng.
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release may contain
forward-looking statements including but not limited to comments
regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential
mineral recovery processes, etc. Forward-looking statements address
future events and conditions and therefore, involve inherent risks
and uncertainties. Actual results may differ materially from those
currently anticipated in such statements.
SOURCE Canada Cobalt Works Inc.