Cruz Cobalt Planning to Commence Operations in the Historic Silver-Cobalt Producing Region of Ontario
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2021) - Cruz Cobalt Corp. (CSE: CRUZ) (OTC Pink: BKTPF) (FSE: A2DMG8) ("Cruz" or the "Company") is pleased to announce that the Company is planning to commence operations on its cobalt projects in Ontario.
- Vancouver, British Columbia--(Newsfile Corp. - January 21, 2021) - Cruz Cobalt Corp. (CSE: CRUZ) (OTC Pink: BKTPF) (FSE: A2DMG8) ("Cruz" or the "Company") is pleased to announce that the Company is planning to commence operations on its cobalt projects in Ontario.
- Cruz is one of the largest landholders in the historic silver-cobalt producing region of Cobalt, Ontario and Cruz's projects are in the direct vicinity of Fuse Cobalt Inc. and First Cobalt Corp. On Dec. 22, 2020, the government of Canada and the government of Ontario announced a joint $10-million investment in the First Cobalt Corp. refinery in Cobalt, Ontario.
- Once operational, this refinery will be North America's only producer of cobalt sulphate for the electric vehicle (EV) market.
- Cruz's Ontario properties are in the direct vicinity to First Cobalt Corp.'s cobalt refinery (see map below).