Gold news

 welcome to CEO insights I'm Marilyn dezman with Inn I'm speaking with Frank Bassa president and CEO of kaga's battery metal hi Frank hi good to see you again oh what's a pleasure nice to see you you too so let's start conversation uh sort of an overview of sort of the Market as governments particularly North America continue to ramp up their initiatives to boost domestic supply of critical Metals where do you see kagus fitting into this backdrop see R we had kagus in one of our other uh companies it was called U

Canada silver Cobalt and uh when we had it in there we drilled it and we found a very large we a very large deposit uh we did about 17 uh 70,000 M of drilling we spent 6 minutes and wasn't getting any traction in it and a lot of my European investors says you know Frank you should really break the assets until we have a pretty high grade silver deposit in Ontario and this deposit this uh copper nickel deposit seems be quite massive we put it in another shell and that's how kagus came about I I think uh being in Quebec uh we

have another project in Quebec Quebec is very supportive investment Quebec is very supportive um it's you see yeah everywhere I go in the world I run into people from investa Quebec and uh really good really nice people uh they mining mind sense whatever you wish to call Quebec is really uh let's let's develop the assets let's develop these Minds which is very nice yeah yeah let's talk a bit more about that the jurisdiction you know um as you said you're in Quebec in in addition to you know being

a mining friendly jurisdiction what other compelling um factors are there that are attracted you to one of the main things is actually their power costs are very very low and we Happ to be you know our industry is very energy intenson uh and they also have Excess power uh you know we looked at Ontario we like to do the work Ontario uh because they're building two battery plants in Ontario they're spending billions of dollars doing that and they're only building one in kbec you know norval um you know everybody thinks

there's nickel all over the place and copper everywhere it is but it takes years before or and you can't just take something that somebody's producing nickel right now or copper a lot of that stuff is committed long term uh so being in kbec uh you know there's probably an end user Norville more than likely be an end user for our product and power is critical and and uh where we are also located uh we're we're we're close to a port and uh a lot of people have approached us uh from a ball place of

Africa uh to give us fee um so we also are looking at putting a coting facility and uh we've actually been out to Africa and U actually well received it was surprising how well received we were as Canadians so when you look at the overall equation power location uh the very very positive support uh languages other wondering about a language problem we speak French so not really a language problem so nice people you pick up the phone you actually talk to somebody they actually come to you you know we're in

London England uh was it last year year before last the assistant Deputy Miser shows up at our our booth in London uh from invest cubec I thought wow pretty nice you know it says Frank you know come to Quebec that says I'm already there you know so it's nice you know it all fits kind of nice so it's a good fit you know and the the growl property you mentioned a little bit about that earlier so could you maybe provide more information on what makes it the compelling property the economic

attributes of it so what we do we spend a fair amount of time we have here looking at we still have about 14 properties including Gro uh we spend most of our time and money on Gro because we thought there's something there so all we did was very uh shallow near surface drilling so we have a strike length of about uh 6 kmet that we we did with 70,000 M uh gr is actually Grail actually and and if you look at the property it's made like a a funnel and and uh so we're looking at uh when

we spin that out it should be trading on on the 11th of of March uh we might start drilling right away and we might have some very high crazy numbers for copper nickel uh we also have some precious metals but I think it probably more likely a copper liel there's some Cobalt values uh but the property potential is massive um while our other properties we have another one in you called laced wire we did a bit of drilling on that and then uh we might do some staking we found some very interesting stuff in ctive Stak but the

remain of our properties are Ontario and uh as they become of value we'll transfer them over we don't just want to transfer properties to ConAgra so ConAgra is a new company uh it's very tightly held it's a small very clean company uh you know if you're a shareholder of nor and you know you of course you'll get a dividend we've done these dividends in the past you get a share and a warrant and the last time we did that we basically gave out $16 million in dividends who are

shareholders so it's kind of a win-win you know you still keep the shares in the other company and then you get shares in the few company called kagus so you win both ways so you're into the precious metal Market I think that's going to do quite well going forward and I guess battery metals are not going to go away yeah um you've alluded earlier to your processing uh technology you're uh looking to build a processing plant uh you know likely in Quebec as you mentioned so talk about uh if do you

want to talk about that process um what makes it unique and um well we really did a fair amount of work using this process the PO was actually developed over a six-year time frame uh we spent about $8 million on it so we did bench scale two pilot plants and then we did plant trials um we also produced product uh for um we were in Japan we met with Soo uh we actually met with the car manufacturer as well we met with the Chinese South Koreans and we met it on spec so we made Cobalt sulfate for them

on spec uh our Pro is hydrometallurgical it appears uh a lot these car manufacturer battery manufacturers don't want that a future date things that burn in other words most of the smelters are pyal and uh they want something that doesn't put anything into the air so our process is all Hydro it's closed loop it's a very simple simple process it doesn't require any sophisticated uh equipment you can basically build it anywhere and uh it's uh I would call the low Tech High sophistication and it works you know we

we spent a fair amount of time and money doing it you produce product and we can take high arsenic fiends and uh so there's a lot of these high arsic fiends globally and in in in Canada you know in the Cobalt Camp there's a lot of cobalt uh also in the states in Idaho there's a massive Cobalt deposits with nickel uh that have high arsenic and the smell can take the high arsenic we can and we could produce a aaable arsing product weig were got to the spos of it uh that we found out it's one of the critical

metals uh the Americans want which I thought wow you know a market for something that's considered a waste yeah so you know we're here at pdac um what is your key message to investor what make to investors what makes kaga battery Metals a compelling investment opportunity right uh there's a lot of nice companies out there um uh we've been under v50 twice uh with two companies uh we're really aggressive when it comes to marketing we go everywhere and we never stop talking and

we never stop Drilling and uh you know most people know what a v50 is it's cap you the top 50 stocks on the vure exchange so we took two the stress shells or basically worthless and between 18 to 36 months we took up to almost 100 million market cap one we took over 100 million market cap and uh we as a company uh the way we're designed um we've been a virtual company from day one we don't have an office uh we spend when we take money it goes on the ground it doesn't go anywhere else

and uh we are driven by success you know in other words uh everybody gets a very what I call a generous uh option uh agreement and and people have made Millions working for us uh just on options but you know the market is right I think uh I think the copper nickel Market is not going to go away the precious Market I think is going to come back to life I notice gold is going up and then you know if you look at our other property we have the highest grades uh of silver in the world you know running up to 89,00 th000 GS and 10

nobody else has that uh but a Cobalt Camp it's been known for that and uh H we seem to fight it you know it's kind of a uh you know you work at it you'll find it you know thanks Frank for taking the time speaking with me today well thanks always a pleasure thank you very much and thanks everyone for watching join us again next time for another engaging conversation on CEO Insight if you like this video make sure you subscribe to our Channel and turn on notifications so you don't

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