Cordoba secures $10m bridge loan from partner JCHX for Alacran project
The Alacran project is pegged as the Colombia's next major copper-gold mine.
Canada Cobalt Works, headquartered in Coquitlam, B.C., continues development of its environmentally friendly Re-2OX process to recover cobalt and silver from tailings. The process has been tested successfully on the tails from the company’s Castle silver-cobalt mine in Ontario, and now a new test has been arranged at a Nevada silver mine.
Canada Cobalt announced two weeks ago that Global Energy Metals Corp. has received approval from the TSX venture exchange to acquire the Re-2OX technology to advance its Lovelock mine and Treasure Box projects in Nevada. Global Energy will pay Canada Cobalt $40,000 is issue 2.0 million units at a price of $0.075 each.
The Re-2OX hydrometallurgical process can be used remove toxic compounds from tailings while it recovers cobalt, silver and other metals. All the metals recovered can be sold without further treatment or smelting.
In May 2019 Canada Cobalt reported on tests of material from it Castle Silver mine. A high purity flotation silver concentrate grading 18,486 g/t with a recovery of 70% was made. The same process produced a cobalt sulphate product that exceeded technical grade specification for the electric car batter industry in 2018.
The process is described by Canadian Cobalt president Frank Basa at the 4:00 minute mark in this video.
This story first appeared in the Canadian Mining Journal
