Canada Silver Cobalt Works Inc. (TSXV: CCW | OTC: CCWOF | Frankfurt: 4T9B) has announced the approval of funding under the Ontario Junior Exploration Program (OJEP) for its Sangster and St. Denis properties. The funding, provided by the government of Ontario, will support the development of a lithogeochemical map, further advancing lithium exploration in the region.
“Early exploration in our province is needed to find future mines to fuel the technologies of tomorrow,” commented George Pirie, Minister of Mines.
“Supporting junior mining companies like Canada Silver Cobalt Works Inc. on their search for critical minerals improves our global competitiveness and demonstrates that Ontario’s mining sector is open for business.”
Canada Silver Cobalt Works has been granted a maximum of C$104,386 in funding from the government of Ontario. This funding will substantially contribute to the project’s total eligible costs of C$208,772. The project is scheduled to take place between 1 April 2023, and 16 February 2024.
This OJEP funding represents a significant step forward in Canada Silver Cobalt Works’ mission to advance and secure critical minerals in Ontario while fostering responsible resource development.
“I would like to thank the government of Ontario for the approval of funding under the OJEP program. This will allow us to augment our exploration program to progress a new grassroots lithium exploration project in Ontario,” said Matthew Halliday, Canada Silver Cobalt Works president and COO.
“Canada Silver Cobalt Works is well-aligned to see new critical metals projects in Canada and is grateful for the support of Ontario to help build the upstream and downstream capabilities of the province as we strive to secure critical minerals for mining, processing, and advanced manufacturing.”
Canada Silver Cobalt Works has stated an intent to remain committed to responsible resource development and continues to engage with local communities, Indigenous groups, and stakeholders to ensure transparent and collaborative communication throughout our exploration activities.
For further information, please visit: www.canadasilvercobaltworks.com
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