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November 1st, 2017 
Awake Goy
Cobalt, Ontario
October 31st, 2017
Via: Bloomberg:
Ironically, Cobalt, Ontario—population 1,100—was built on silver.
Remnants of a boom that transformed the town more than a century ago are everywhere. A mine headframe still protrudes from the roof of the bookstore, which was previously a grocery. The butcher used to toss unwanted bones down an abandoned 350-foot shaft in the middle of the shop floor and keep meat cool in its lowered mine cage.
While the last silver mines closed almost 30 years ago, a global push for the village’s namesake metal is promising to breathe new life into the sleepy town 500 kilometers (300 miles) north of Toronto. The whitish element (which “blooms� pink when exposed to air) was initially ignored by the area’s prospectors and later mined mainly as a by-product of silver. Now, global demand for cobalt, a component in batteries used to power electric cars for automakers from Tesla Inc. to Volkswagen AG, is changing the game.
Call it a cobalt rush in Cobalt.
“This area’s seen more airborne surveys in the last year than in the last hundred,� said Gino Chitaroni, a local prospector and geologist. “Two years ago, if you had a cobalt property you couldn’t give it away. All of a sudden, within six months, everything changed.�
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