Cobalt Junior Jumps on Recovery Process “Breakthrough”

Canada Cobalt Works Inc. (TSXV:CCW), a cobalt junior, rose after announcing “an important breakthrough” in the recovery of cobalt and other metals from its Castle mine

Sean Mason | June 1, 2018 | SmallCapPower

An important metals recovery “breakthrough” powered shares of a cobalt junior Friday. Here’s some small stocks making big moves on Friday, June 1, 2018 (as of 4 pm EST):

Canada Cobalt Works Inc. (TSXV:CCW) shares continued to move higher Friday, up 10% to $0.45, following a 9% gain on Thursday, after the cobalt junior announced that it has used its environmentally-green, proprietary Re-2OX process to recover 99% of cobalt and 81% of nickel from a composite of gravity concentrates while also removing 99% of the arsenic. The Company called it “an important breakthrough” in the recovery of cobalt and other metals from its Castle mine in the Cobalt Camp of northern Ontario.

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As well, shares of Titan Medical Inc. (TSX:TMD) added 10% at $0.27 as the medical device company said it has applied to list its common shares on the Nasdaq Stock Market LLC. As well, Titan’s Board of Directors has approved a consolidation of the Company’s outstanding common shares at a ratio of 1-for-30.

BlockchainK2 Corp. (TSXV:BITK) stock, meanwhile, dropped 39% to $0.76 a day after it began trading on the TSX Venture Exchange. The Company is formerly known as Africa Hydrocarbons Inc.

To find out more about Canada Cobalt Works Inc., please visit the company’s Investor Hub.

Ubika Research/SmallCapPower has received compensation from Canada Cobalt Works to provide analyst research coverage. For full disclosure please visit here >>

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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