RE:news WOW this is progress and a ROI for shareholders :
Cruz Cobalt Planning to Commence Operations in the Historic Silver-Cobalt Producing Region of Ontario
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. (TSX.V-FUSE) and First Cobalt Corp. (TSX.V-FCC). 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). According to Adamas Intelligence, during the month of November 2020, lithium used in newly-sold EV’s jumped 134% year over year, topping 10,000 tonnes for the first time. Deployment of cathode material cobalt doubled, while nickel use was up by 85% compared to the same month in 2019. Management cautions that past results or discoveries on properties in proximity to Cruz may not necessarily be indicative of the presence of mineralization on the Company’s properties.