Canada Silver Cobalt – Important Oxford Report on Silver’s Industrial Demand Doubling in 2023-2033

Nov 16, 2023

Oxford Report on Silver’s Industrial Demand Doubling in 2023-2033

On November 8, 2023, the London-based Oxford Group published a surprising forecast for industrial silver demand for the coming decade.

Key conclusion is that the growth rate for silver’s industrial demand will double in the 2023-2033 period vs the past decade.

This happening while we see escalating demand for silver used in solar panels and similarly escalating investor demand for silver.

Link to the Oxford Report:

Executive Summary from Page 4 of the Report:


The industries that use silver as an intermediate input are forecast to experience strong output growth over the next decade (2023 to 2033). Much of that output growth is likely to occur in Asia, and in particular in China. This report investigates the forecasts of the output growth of different end user industries of silver to gain insight about how demand for the metal may change over the next 10 years. It also looks at where in the globe the strength in demand for silver inputs is predicted to arise.

The main points are:

• Between 2023 and 2033, we forecast the global output of end users of industrial silver will increase by 46% in real terms. This reflects predictions of particularly rapid growth in the output of the electrical and electronics applications industry, which is forecast to grow by 55% over the decade.

• Jewelry fabricators’ output is forecast to increase by 34% in real terms between 2023 and 2033. At the country level, the output forecasts suggest that India may lose some of its dominance of silver jewelry manufacturing to China over the decade.

• Silverware fabricators’ output is forecast to increase by 30% over the next decade. Some 43% of the growth in output between 2023 and 2033 is forecast to occur in India, although this is less than the country’s 73% share of the market in 2022.

• Combined, the output of industrial, jewelry and silverware fabricators is forecast to increase by 42% between 2023 and 2033. This is roughly double the rate of growth of their demand for silver over the previous decade.

Let me know any questions you may have re silver or Canada Silver Cobalt Works. Below is the latest CCW news release which outlines terms of a financing which is also available in non-flow-through shares.

Best regards,

Wayne Cheveldayoff
Corporate Communications
Canada Silver Cobalt Works Inc. (TSXV: CCW; OTCQB: CCWOF; Frankfurt: 4T9B)
Granada Gold Mine Inc. (TSXV: GGM; OTC: GBBFF; Frankfurt: B6D)
[email protected]
mobile 416-710-2410

Canada Silver Closes 1st Tranche of Private Placement

Previous Canada Silver news releases link:

November 6, 2023 – Coquitlam, BC, Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTC: CCWOF) (Frankfurt: 4T9B) (the “Company” or “Canada Silver Cobalt”) announces that further to its news release dated November 2, 2023 the Company has closed a 1st tranche of a non brokered private placement by way of issuing  10,000,000 Quebec flow-through units (“QFT Units”) at $0.04 per QFT Unit, and 12,500,000 flow-through units (“FT Units) at $0.04 per FT Unit for total gross proceeds of $900,000.

Each QFT Unit and FT Unit is comprised of one common share (“Share”) and one half of one share purchase warrant (the “Warrant”).  Each whole Warrant will entitle the holder thereof to purchase one additional Share of the Company at an exercise price of $0.08 per share, for a period of two years from closing, subject to Exchange approval.

The QFT proceeds will be used for drilling and exploration work on the Company’s Lowney-Lac Edouard property, located in central Quebec.  The FT proceeds will be used for drilling and exploration purposes on the Company’s Castle East Silver Property, located in Ontario.

GloRes Securities Inc., the sole finder for the 1st tranche closing was paid $63,000 in cash and 1,575,000 finder’s warrants (“Finder Warrant”).  Each Finder Warrant will entitle the Finder to purchase one Share of the Company at an exercise price of $0.05 per Share, for a period of two years from closing.  The finder’s fees paid in connection with the private placement are subject to Exchange approval.

All securities issued in connection with the private placement will be subject to a four-month and a day hold period expiring on March 7, 2024 in accordance with applicable Canadian Securities Laws.

About Canada Silver Cobalt Works Inc.
Canada Silver Cobalt Works Inc. recently discovered a major high-grade silver vein system at Castle East located 1.5 km from its 100%-owned, past-producing Castle Mine near Gowganda in the prolific and world-class silver-cobalt mining district of Northern Ontario. The Company has completed a 60,000 m drill program aimed at expanding the size of the deposit with an update to the resource estimate underway.

In May 2020, based on a small initial drill program, the Company published the region’s first 43-101 resource estimate that contained a total of 7.56 million ounces of silver in Inferred resources, comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 meters. Note that mineral resources that are not mineral reserves and do not have demonstrated economic viability. Please refer to Canada Silver Cobalt Works Press Release May 28, 2020, for the resource estimate. Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020, and a signature date of July 13, 2020.

The Company also has: (1) 14 battery metals properties in Northern Quebec where it has recently completed a nearly 16,000-metre drill program on the Graal property; (2) the prospective 1,000-hectare Eby-Otto gold property close to Agnico Eagle’s high-grade Macassa Mine near Kirkland Lake, Ontario where it is exploring; and (3) lithium property – 230 square kilometers of greenfield exploration ground focussed along a significant volcanic sedimentary rock – Archean granite contact near Cochrane, Ontario contiguous to Power Metals’ Case Lake Lithium properties.

Canada Silver Cobalt’s flagship silver-cobalt Castle mine and 78 sq. km Castle property feature strong exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned Castle Mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich gravity concentrates, a processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2Ox (for the creation of technical-grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations), Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver-cobalt space. More information is available at

“Frank J. Basa”
Frank J. Basa, P. Eng.
Chief Executive Officer

For further information, contact:
Frank J. Basa, P.Eng.
Chief Executive Officer
Wayne Cheveldayoff,
Corporate Communications
P: 416-710-2410
E: [email protected]

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements
This news release may contain forward-looking statements regarding Canada Silver Cobalt Works Inc. (the “Company”) and Coniagas Battery Metals Inc. (“Coniagas”) which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address the proposed distribution of common shares and common share purchase warrants of Coniagas to the shareholders of the Company, the proposed private placement by Coniagas and proposed listing of Coniagas on a Canadian stock exchange, resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. No assurance can be given that any of the foregoing will be achieved. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. A detailed discussion of the risk factors in connection with the proposed plan of arrangement will be set out in the Company’s management information circular, which will be available under the Company’s profile on SEDAR+ at and on the Company’s website.

Copyright © 2023 Canada Silver Cobalt Works Inc., All rights reserved.

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