Welcome to Castle Silver Resources Inc.
Cobalt at Castle
In addition to the Castle Silver Mine profitably operated by Agnico Eagle until the late 1980’s, the company also has 100% ownership of the Beaver and Violet cobalt silver properties located near the historic Castle Mine property. Roughly 300,000 pounds of cobalt was mined from the Castle property over the years, see August 3rd 2015 Technical Report with the Beaver property having historical documented cobalt production of another 140,000 pounds. Although cobalt has been in the news in recent months, work related to cobalt on the CSR properties dates to 2011 when drill hole CA11-08 from the historic Castle Mine property returned 6,476 grams …
Cobalt in the News
TOKYO — Prices of cobalt roughly doubled in 2017 as automakers scrambled to secure the silvery element, which is used in batteries that power emission-free vehicles. The global shortage is hitting Japanese traders…
When BMW AG revealed it was designing electric versions of its X3 SUV and Mini, the going rate for 21 kilograms of cobalt—the amount of the metal needed to power typical car batteries—was under $600…
Glencore’s investor day on Tuesday painted a positive picture not just of the Swiss miner and commodities trader’s business but also had good news for the mining industry as a whole….
Robert Friedland calls it the “revenge of the miners”. As demand increases for battery materials, producers will find themselves in the driving seat as carmakers scramble to roll out their electric vehicle fleets…
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Beaver Silver Cobalt Property
Violet Silver Cobalt Property