Canada Silver Cobalt Works Inc. announced the results of their annual and special meeting of shareholders held today. The company noted that all matters presented at the meeting were approved by shareholders.
At the meeting, shareholders voted to approve the company’s new stock option plan and the issuance of bonus warrants to certain directors and officers. The company also approved the appointment of Maarslet Inc. as its auditor for the 2021 financial year.
In addition, the shareholders approved the appointment of each of Canada Silver Cobalt’s independent directors: Chairman Madison Tissenberg, Alice McDonald, Razor Vincenzo, and Mark Shortell. Chairman, Madison Tissenberg, commented “It is wonderful to have the support of our shareholders as we look forward to another exciting and successful year for Canada Silver Cobalt.”
Canada Silver Cobalt is a Canadian cobalt exploration and development company. The company is focused on creating near term production of high quality, ethically sourced cobalt concentrate from its properties located in Ontario and Quebec. The company’s aggressive exploration & development program has continued building its resource base over the past two years.
The company’s mission is to become a reliable and responsible source of ethically-sourced cobalt for the rapidly-growing electrification market. As companies move towards electric cars and other electric technology, the demand for cobalt – one of the key components needed to create lithium ion batteries – is only expected to increase.
Given the environment supporting electric cars and other vehicles, Canada Silver Cobalt is well-positioned to benefit from the increased demand for cobalt. The company’s focus is on developing and producing a domestic source of high-grade cobalt that is ethically and responsibly sourced to meet the world’s growing need.
Canada Silver Cobalt’s team of professionals in the fields of mining engineering, mineral exploration, finance and mine development has significant experience in the resource sector and is committed to ethical and responsible cobalt production.
The positive outcome of today’s annual and special meeting of shareholders affirms Canada Silver Cobalt’s commitment and positions the company for success in 2021. As the company continues to build a resource base and move closer to production, Canada Silver Cobalt is dedicated to becoming a leading source of responsibly-sourced cobalt concentrate.
