There’s an old school gold rush underway in northern Ontario, but the demand is for a special metal that is used in everything from smart phones to electric cars.
More than a dozen mining companies are staking out claims in Cobalt, Ont. as price of the mineral with the same name rises, according to the Northern Prospectors Association.
“The whole situation is a cobalt-style rush, just like an old fashioned staking rush,” said Gino Chitaroni, president of the Northern Prospectors Association and a geologist from the area. The town of Cobalt is located along the Quebec border, near Temiskaming Shores in northern Ontario, and is best known for the massive amounts of silver that were extracted a century ago. Continue Reading →