(TheNewswire)
Vancouver, BC – TheNewswire - August 2, 2022 – Fuse CobaltInc. (“the Company“ or “Fuse”) (TSXV:FUSE ) , ( OTC:FUSEF ) ( FRA:43W3) is pleased toannounce that effective today, Mr. Frank Basa has joined the FuseStrategic Advisory Board.
Frank J. Basa, P. Eng. has more than 37 years globalexperience in mineral exploration and development as a professionalhydrometallurgical engineer with a focus in milling, gravityconcentration, flotation, leaching and refining of precious and basemetals.
Mr. Greg Reimer, Fuse’s Chairman states, “HavingFrank join our company in a strategic advisory capacity adds the rightskill set at the right time for Fuse. Frank’s deep knowledge ofboth cobalt exploration and mineral extraction will be important as wemove into a new exploration phase with our cobalt projects in Ontario. Frank has decades of cobalt mineral exploration experience in theimmediate area, is a trusted individual within the local first nationscommunity and is a well-respected member of the Canadian miningcommunity. We look forward to having him contribute to the successof our cobalt projects for our shareholders.”
Mr. Basa is the current Chairman & CEO of CanadaSilver Cobalt Works Inc. (“Canada Cobalt’) ( TSXV: CCW, OTC: CCWOF, FRA:4T9B ), a position he has held since 2015, aswell as the current President & CEO of Granada Gold Mine Inc.(“Granada”) ( TSXV: GGM,OTC: GBBFF, FRA: B6D ) a position he has heldsince 2004. He is also the President of Grupo Moje Limited andMineral Recovery Management Systems Corp., private companies providingservices to the mineral exploration industry worldwide.
Canada Silver Cobalt Works is a dual-focus preciousmetals and battery metals junior mining company with a valuableportfolio of critical energy metals projects based in safe andecologically responsible jurisdictions. CanadaCobalt has 100% ownership of the Castle mine and the 78 sq. km CastleProperty with strong exploration upside in the prolific past producingGowganda high-grade Silver Camp of Northern Ontario. Canada Cobaltis strategically positioned to become a vertically integrated NorthAmerican leader in cobalt extraction and recovery while it alsoexploits a powerful new silver-gold market cycle.
Granada Gold Mine Inc. is a Canadian junior mining andexploration company with Gold and Silver properties in Quebec andOntario. The Company's current focus is directed towards thedevelopment and continued exploration of the Granada Property situatedin the heart of the famous Abitibi Greenstone Belt and along theprolific "Cadillac Trend". This potential high-tonnage,near-surface deposit is located 15 minutes from Rouyn-Noranda Quebec.The Rouyn-Noranda airport offers easy access into the area and on topaved roads to the mine site. The area offers excellent infrastructureand good supply of skilled labour throughout the region.
In addition to his direct mining expertise, Frank Basahas been a lecturer at the Northern College of Applied Arts andTechnology, a Manager at the Ontario Ministry of Northern Development and Mines, and has spent over seven years as theRefinery Manager & Environmental Co-ordinator for Agnico EagleMines Limited ( TSX: AEM, NYSE:AEM ).
Mr. Basa is a graduate of McGill University with a B.A.in Engineering in 1983 and has been a member of the ProfessionalEngineers of Ontario since 1987.
About Fuse Cobalt Inc. https://fusecobalt.com
Fuse Cobalt Inc. is a Canadian based explorationcompany that trades under the symbol FUSE on the TSX Venture Exchange.The Company's focus is on exploration for high value metals requiredfor the manufacturing of batteries.
Ontario Cobalt Properties :
Fuse owns a 100% interest its Glencore Bucke Property,s ituated in Bucke Township, 6 km east-northeastof Cobalt, Ontario, subject to a back-in provision, production royaltyand off-take agreement. The Glencore Bucke Property consists of 16.2hectares and sits along the west boundary of Fuse’s Teledyne CobaltProject. The Company also owns a 100% interest, subject to aroyalty, in the Teledyne Project located near Cobalt, Ontario. TheTeledyne Property adjoins the south and west boundaries of claims thathosted the Agaunico Mine.
On Behalf of the Board of Directors
“Robert Setter”
Robert Setter, President & CEO
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release. This news release may containforward-looking statements which include, but are not limited to,comments that involve future events and conditions, which are subjectto various risks and uncertainties. Except for statements ofhistorical facts, comments that address resource potential, upcomingwork programs, geological interpretations, receipt and security ofmineral property titles, availability of funds, and others areforward-looking. Forward-looking statements are not guarantees offuture performance and actual results may vary materially from those statements. General businessconditions are factors that could cause actual results to varymaterially from forward-looking statements.
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