Cobaltech (CSK:CA): Grants Options to Buy Two Million Shares

Cobaltech Mining Inc.’s (CSK:CA) board of directors has approved the grant of two million stock options to directors, officers, employees and consultants of the company pursuant to the company’s approved stock option plan. The options were granted on Jan. 23, 2017, are exercisable at a price of 20 cents per share, have a term of five years from the date of grant and are subject to regulatory approval. In keeping with the policies of the TSX Venture Exchange and the company’s stock option plan, these options will be subject to a four-month exchange hold period.

Cobaltech is a cobalt-mining and processing company based in Ontario, Canada. The company owns and operates the Duncan Kerr property, located outside of Cobalt, Ont., in an area known for its geological setting responsible for unique mineralization composed of quartz-carbonate veins enriched in silver-cobalt-nickel-bismuth-arsenic. The company’s assets and technology have provided the foundation to become North America’s first vertically integrated cobalt-processing company with the capacity to take mineralized ore through production to high-tech metals for use in the lithium battery industry. The company is committed to operating within the strict environmental, health and safety framework governed by the e3 Plus regulation put forth by the Prospectors & Developers Association of Canada.

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