outstanding.

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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This report includes forward-looking statements that relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Words such as, but not limited to, “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “targets,” “likely,” “aim,” “will,” “would,” “could,” and similar expressions or phrases identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and future events and financial trends that we believe may affect our financial condition, results of operation, business strategy and financial needs. Forward-looking statements include, but are not limited to, statements about risks associated with:

•	Risks related to our business, including:
	•	we have a history of losses;
	•	our auditors have raised substantial doubts about our ability to continue as a going concern;
	•	we have a working capital deficit and need to raise additional capital to continue our business model;
	•	the adverse impact of COVID-19 on our company; and
	•	our reliance on our sole officer and director.
•	Risks related to regulation applicable to our industry, including:
	•	compliance with existing laws and regulations and possible future changes in laws and regulations; and
	•	any failure to protect personal data;
•	Risks related to the ownership of our securities, including:
	•	the applicability of penny stock rules; and
	•	material weaknesses in our internal control over financial reporting; and

You should read thoroughly this report and the documents that we refer to herein with the understanding that our actual future results may be materially different from and/or worse than what we expect. We qualify all of our forward-looking statements by these cautionary statements including those made in Part I. Item 1A. Risk Factors appearing in our Annual Report on Form 10-K for the fiscal year ended November 30, 2020 as filed with the Securities and Exchange Commission (the “SEC”) on June 16, 2021 and our other filings with the SEC. New risk factors emerge from time to time and it is not possible for our management to predict all risk factors, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Except for our ongoing obligations to disclose material information under the Federal securities laws, we undertake no obligation to release publicly any revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events. These forward-looking statements speak only as of the date of this report, and you should not rely on these statements without also considering the risks and uncertainties associated with these statements and our business.

All references in this report to the “Company”, “Century Cobalt”, “we”, “us,” or “our” are to Century Cobalt Corp., a Nevada corporation and our wholly-owned subsidiary Emperium 1 Holdings Corp., a Nevada corporation.


~~Item 4.~~	~~Mine Safety Disclosures~~	153

~~Item 5.~~	~~Other Information~~	15Table of Contents

~~Item 6.~~	~~Exhibits~~	16

~~SIGNATURES~~		17

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

Our unaudited interim financial statements for the three and ~~six month periods~~nine months period ended August 31, ~~2017~~2021 form part of this quarterly report. They are stated in United States Dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles.

~~FIRST AMERICAN SILVER CORP.~~

~~CONDENSED BALANCE SHEETS (unaudited)~~

August 31, 2017 November 30, 2016
ASSETS

Current Asset
Cash $ 884 $ 592
Total Current Assets 884 592

Other Asset
Reclamation bond 591 591
Total Other Assets 591 591

Total Assets $ 1,475 $ 1,183

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)

Current Liabilities
Accounts payable $ 160,183 $ 163,459
Accrued expenses 32,460 13,717
Due to related party 26,717 26,717
Notes payable – current portion 323,866 297,866

Total Liabilities 543,226 501,759

Stockholders’ Equity (Deficit)
Preferred stock, par value $0.001, 20,000,000 shares authorized, no shares issued and outstanding - -
Common stock, par value $0.001, 3,500,000,000 shares authorized, 62,892,211 shares issued and outstanding (2016 - 62,892,211) 62,892 62,892
Additional paid-in capital 1,169,618 1,169,618
Common stock payable 15,120 15,120
Accumulated deficit (1,789,381 ) (1,748,206 )
Total Stockholders’ Equity (Deficit) (541,751 ) (500,576 )

Total Liabilities and Stockholders' Equity (Deficit) $ 1,475 $ 1,183

CENTURY COBALT CORP.
CONSOLIDATED BALANCE SHEETS

	August 31, 2021			November 30, 2020
	(Unaudited)
Assets
Current assets:
Cash	$	7,619		$	19,482
Prepaid expenses		7,696			99,909
Due from related parties		8,801			0
Total current assets		24,116			119,391

Other assets
Resource property		248,000			248,000
Other Assets		68,770			0
Total other assets		316,770			248,000

Total Assets	$	340,886		$	367,391

Liabilities and Stockholders' Equity (Deficit)

Current liabilities:
Accounts payable	$	231,212		$	159,341
Accounts payable - related parties		270,499			216,074
Accrued interest		94,829			97,303
Accrued interest - related parties		96,592			68,453
Due to related party		0			60,823
Notes payable - current portion		174,575			174,575
Notes payable to related parties - current portion		537,825			314,124
Convertible note, net of discount of $-0- and $8,114 at August 31, 2021 and November 30, 2020, respectively		138,915			259,942
Total current liabilities		1,544,447			1,350,635

Long term liabilities:
Convertible note, net of discount of $61,919 and $-0- at August 31, 2021 and November 30, 2020, respectively		6,851			134,542
Total long term liabilities		6,851			134,542

Total liabilities		1,551,298			1,485,177

Commitments and contingencies		0			0

Stockholders' equity (deficit):
Preferred stock, $0.001 par value; 20,000,000 shares authorized, -0- preferred stock shares issued and outstanding as of August 31, 2021 and November 30, 2020		0			0
Common stock, $0.001 par value, 3,500,000,000 shares authorized, 104,361,576 and 79,061,929 issued and outstanding as of August 31, 2021 and November 30, 2020, respectively		104,362			79,062
Additional paid-in capital		3,083,784			2,270,384
Common stock payable		96,245			368,578
Accumulated deficit		(4,494,803	)		(3,835,810	)
Total stockholders' equity (deficit)		(1,210,412	)		(1,117,786	)

Total Liabilities and Stockholders' equity (deficit)	$	340,886		$	367,391

The accompanying notes are an integral part of these financial statements.

~~FIRST AMERICAN SILVER CORP.~~

~~CONDENSED STATEMENTS OF OPERATIONS (unaudited)~~

Three Months
Ended
August 31, 2017

Three Months
Ended
August 31, 2016

Nine Months
Ended
August 31, 2017

Nine Months
Ended
August 31, 2016

REVENUES $ - $ - $ - $ -

OPERATING EXPENSES
Accounting and legal 3,707 3,251 14,056 14,035
Consulting fees - - - 21,277
Transfer agent and filing fees 1,410 960 7,871 5,674
General and administrative 413 - 505 156
TOTAL OPERATING EXPENSES 5,530 4,211 22,432 41,142

LOSS FROM OPERATIONS (5,530 ) (4,211 ) (22,432 ) (41,142 )

OTHER INCOME (EXPENSES)
Other income - - - 6,850
Interest expense (6,500 ) (4,773 ) (18,743 ) (15,579 )
TOTAL OTHER INCOME (EXPENSE) (6,500 ) (4,773 ) (18,743 ) (8,729 )

INCOME (LOSS) BEFORE PROVISION FOR INCOME TAX (12,030 ) (8,984 ) (41,175 ) (49,871 )

PROVISION FOR INCOME TAX - - - -

NET INCOME (LOSS) $ (12,030 ) $ (8,984 ) $ (41,175 ) $ (49,871 )

LOSS PER SHARE: BASIC AND DILUTED $ (0.00 ) $ (0.00 ) $ (0.00 ) $ (0.00 )

WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED
62,806,567

62,819,882

62,806,567

62,601,676

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CENTURY COBALT CORP.

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

	For the Three Months Ended						For the Nine Months Ended
	August 31, 2021			August 31, 2020			August 31, 2021			August 31, 2020

Operating expenses:
Accounting and legal	$	16,026		$	4,693		$	48,653		$	14,678
Transfer agent and filing fees		5,267			4,508			9,942			14,365
Consulting		168,085			75,600			328,452			205,067
Exploration		46,733			33,228			135,743			100,527
General and administrative		1,925			10,849			23,316			33,963
Total operating expenses		238,036			128,878			546,106			368,600

Net operating income (loss)		(238,036	)		(128,878	)		(546,106	)		(368,600	)

Other income (expense):
Interest expense		(30,675	)		(26,924	)		(85,347	)		(80,443	)
Gain (loss) on foreign currency transactions		22,136			(24,936	)		(27,540	)		(12,232	)
Total Other income (expense)		(8,539	)		(51,860	)		(112,887	)		(92,675	)

Net loss	$	(246,575	)	$	(180,738	)	$	(658,993	)	$	(461,275	)

Basic and diluted income (loss) per share	$	(0.00	)	$	(0.00	)	$	(0.01	)	$	(0.01	)

Weighted average number of common shares outstanding - basic and diluted		92,095,055			79,061,929			84,218,311			78,996,911

The accompanying notes are an integral part of these financial statements.

~~FIRST AMERICAN SILVER CORP.~~

~~CONDENSED STATEMENTS OF CASH FLOWS (unaudited)~~

Nine Months
Ended
August 31, 2017

Nine Months
Ended
August 31, 2016

CASH FLOWS FROM OPERATING ACTIVITIES
Net loss for the period $ (41,175 ) $ (49,871 )
Adjustments to Reconcile Net Loss to Net Cash Provided by (Used in) Operating Activities:
Stock issued for loan extension fees and services - 13,777
Changes in operating assets and liabilities:
Prepaid expenses - 2,068
Accounts payable (3,276 ) (6,504 )
Accrued expenses 18,743 13,511
Net Cash Used in Operating Activities (25,708 ) (27,019 )

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from notes payable 26,000 29,000
Net Cash Used in Financing Activities 26,000 29,000

Net Increase (Decrease) in Cash and Cash Equivalents 292 1,981
Cash and Cash Equivalents, Beginning of Period 592 -

Cash and Cash Equivalents, End of Period $ 884 $ 1,981

SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income taxes $ - $ -
Cash paid for interest $ - $ -

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CENTURY COBALT CORP.

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)

	Common Stock				Preferred Stock				Additional Paid-In		Common Stock			Accumulated			Total Stockholders'
	Shares		Amount		Shares		Amount		Capital		Payable			Deficit			Deficiency

For the nine months ended August 31, 2020

Balance at November 30, 2019		78,941,929	$	78,942		-	$	0	$	2,261,538	$	247,358		$	(3,240,499	)	$	(652,661	)

Issuance of common stock for stock subscription		120,000		120						5,860		(5,980	)					0
Shares earned for stock options										2,986								2,986
Shares payable for services												124,750						124,750
Net loss															(461,275	)		(461,275	)

Balance at August 31,2020 (unaudited)		79,061,929	$	79,062		-	$	0	$	2,270,384	$	366,128			(3,701,774	)	$	(986,200	)

For the three months ended August 31, 2020

Balance at May 31, 2020 (unaudited)		79,061,929	$	79,062		-	$	0	$	2,270,384	$	347,528			(3,521,036	)	$	(824,062	)

Shares payable for services		-								0		18,600						18,600
Net loss															(180,738	)		(180,738	)

Balance at August 31,2020 (unaudited)		79,061,929	$	79,062		-	$	0	$	2,270,384	$	366,128			(3,701,774	)	$	(986,200	)

For the nine months ended August 31, 2021

Balance at November 30, 2020		79,061,929	$	79,062		-	$	0	$	2,270,384	$	368,578		$	(3,835,810	)	$	(1,117,786	)

Conversion of notes payable for common stock		11,079,939		11,080						321,318								332,398
Issuance of common stock to settle accounts payable		176,966		177						5,132								5,309
Issuance of common stock for stock subscription		3,086,855		3,087						102,329		(105,416	)					0
Shares issued for services		10,955,887		10,956						315,806		(176,337	)					150,425
Stock based compensation and settle accounts payable												9,420						9,420
Discount on shares issued for notes payable										68,815		0						68,815
Net loss															(658,993	)		(658,993	)

Balance at August 31, 2021 (unaudited)		104,361,576	$	104,362		-	$	0	$	3,083,784	$	96,245			(4,494,803	)	$	(1,210,412	)

For the three months ended August 31, 2021

Balance at May 31, 2021 (unaudited)		87,075,750	$	87,076		-	$	0	$	2,569,620	$	115,397			(4,248,228	)	$	(1,476,135	)

Conversion of notes payable for common stock		11,079,939		11,080						321,318								332,398
Shares issued for services		6,205,887		6,206						124,031		(20,237	)					110,000
Stock based compensation												1,085						1,085
Discount on shares issued for notes payable										68,815								68,815
Net loss															(246,575	)		(246,575	)

Balance at August 31, 2021 (unaudited)		104,361,576	$	104,362		-	$	0	$	3,083,784	$	96,245			(4,494,803	)	$	(1,210,412	)

The accompanying notes are an integral part of these financial ~~statements~~

~~FIRST AMERICAN SILVER~~statements.

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CENTURY COBALT CORP.

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

	For the Nine Months Ended
	August 31, 2021			August 31, 2020

Cash flows from operating activities:
Net income (loss)	$	(658,993	)	$	(461,275	)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock based compensation		157,595			22,321
Debt discount interest		15,009			23,982
Changes in operating assets and liabilities:
Prepaid expenses		92,213			(21,101	)
Due from related parties		(8,801	)		0
Accounts payable		78,528			157,676
Accounts payable expenses - related parties		54,425			85,661
Accrued expenses		42,340			34,208
Accrued expenses - related parties		28,000			22,254
Due to related parties		(60,823	)		0
Net cash used in operating activities		(260,507	)		(136,274	)

Cash flows from investing activities:
Option to acquire land and a cannabis license in Zimbabwe		(68,815	)		0
Net cash used in investing activities		(68,815	)		0

Cash flows from financing activities
Proceeds from stock subscriptions		0			105,415
Proceeds from convertible notes payable		0			2,050
Proceeds from notes payable to related parties		221,104			12,580
Proceeds from convertible notes payable		68,815			0
Net cash provided by financing activities		289,919			120,045

Net increase (decrease) in cash		(39,403	)		(16,229	)
Effect of foreign exchange adjustment		27,540			12,232
Cash - beginning of the year		19,482			4,076
Cash - end of the year	$	7,619		$	79

Supplemental disclosures:
Interest paid	$	0		$	0
Income taxes	$	0		$	0

Supplemental disclosure for non-cash financing activities:
Discount on Notes Payable	$	68,815		$	0
Issuance of common stock to settle accounts payable	$	5,309		$	0
Issuance of common stock for stock subscription	$	105,416		$	5,980
Conversion of notes payable and accrued interest to common stock	$	332,398		$	0

The accompanying notes are an integral part of these financial statements.

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CENTURY COBALT CORP.

NOTES TO ~~CONDENSED~~CONSOLIDATED FINANCIAL STATEMENTS

~~AUUGST~~ (UNAUDITED) AUGUST 31, ~~2017 (Unaudited)~~

2021

NOTE 1 – NATURE OF OPERATIONS

~~Mayetok, Inc. (“the Company”~~

Century Cobalt Corp. (formerly First American Silver Corp.) was incorporated in the state of Nevada on April 29, 2008. ~~On June 8, 2010, the Company changed its name to First American Silver Corp.~~

The Company’s ~~offices are~~principal office is located at ~~1031 Railroad St., Ste 102B, Elko, NV, 89801.~~ ~~In 2014, we abandoned our~~10100 Santa Monica Boulevard, Suite 300, Century City, California 90067. The Company’s principal business activity is the identification and exploration of mineral ~~property business and initiated efforts to enter a new line~~properties for the purposes of ~~business. To-date, although our company has engaged in a number of negotiations in respect of new business lines, we have not yet consummated any transactions or started any new commercial activities.~~

discovering economical cobalt assets.

NOTE 2 – ~~GOING CONCERN~~

SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The ~~accompanying~~Company’s unaudited consolidated financial statements have been prepared ~~assuming that First American Silver, Inc. will continue as~~on an accrual basis of accounting, in conformity with accounting principles generally accepted in the United States of America (US GAAP) for interim financial information applicable for a going ~~concern. The~~concern, which assumes that the Company ~~has a working capital deficit, has not yet received revenue from sales~~will realize its assets and discharge its liabilities in the ordinary course of ~~products~~the business, and in accordance with the instructions for Form 10-Q and Article 8 of Regulation S-X promulgated under the Securities Exchange Act of 1934, as amended. Certain information and disclosures included in the financial statements prepared in accordance with US GAAP have been condensed or ~~services,~~omitted pursuant to such rules and ~~has incurred losses from operations. These factors raise substantial doubt about~~regulations.

In the ~~Company’s ability~~opinion of management, the consolidated financial statements contain all material adjustments, consisting only of normal recurring adjustments necessary to ~~continue as a going concern. Without realization~~present fairly the financial condition, results of ~~additional debt or capital, it would be unlikely~~operations, and cash flows of the Company for the ~~Company to continue as a going concern. The financial statements do not include any adjustments that might result from this uncertainty.~~

~~The Company’s activities to date have been supported by debt and equity financing. It has sustained losses in all previous reporting~~interim periods ~~with an inception to date loss of approximately $1,789,000 as of August 31, 2017. Management continues to seek funding from its shareholders and other qualified investors.~~

presented.

The results for the ~~three and~~ nine months ended August 31, ~~2017~~2021 are not necessarily indicative of the results of operations for the full year. These unaudited financial statements and related footnotes should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form ~~10K~~10-K for the year ended November 30, ~~2016,~~2020 filed with the Securities and Exchange ~~Commission.~~

~~The accompanying condensed~~Commission on June 16, 2021.

These consolidated financial statements ~~have been prepared~~comprise the accounts of the Company and its wholly owned subsidiary Emperium 1 Holdings Corp. Emperium 1 Holdings Corp. was incorporated as a wholly owned subsidiary on October 8, 2018 by the Company ~~without audit. In~~through the ~~opinion~~issuance of ~~management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results~~100 common shares at $0.01 per share for proceeds of ~~operations,~~$1. As Emperium 1 Holdings Corp. is a holding company and, ~~cash flows at August 31, 2017 and for the related periods presented.~~

~~NOTE 3 – SIGNIFICANT ACCOUNTING POLICIES~~

~~Exploration Stage~~as such, has no accounts or activity. The Company

On June 10, 2014, the Financial Accounting Standards Board ("FASB") issued update ASU 2014-10, Development Stage Entities (Topic 915). Amongst other things, the amendments in this update removed the definition of development stage entity from Topic 915, thereby removing the distinction between development stage entities and other reporting entities from US GAAP. In addition, the amendments eliminate the requirements for development stage entities to (1) present inception-to-date information on the statements of income, cash flows and shareholders equity, (2) label the financial statements as those of a development stage entity; (3) disclose a description owns 100% of the ~~development stage activities in which the entity is engaged~~issued and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. The amendments are effective for annual reporting periods beginning after December 31, 2014 and interim reporting periods beginning after December 15, 2015, however entities are permitted to early adopt for any annual or interim reporting period for which the financial statements have yet to be issued. The Company has elected to early adopt these amendments and accordingly have not labeled the financial statements as thoseoutstanding shares of ~~a development stage entity and have not presented inception-to-date information on the respective financial statements.~~

~~Basis of Presentation~~

~~The financial statements of~~Emperium 1 Holdings Corp. All intercompany balances between the Company ~~have been prepared~~and Emperium 1 are eliminated in ~~accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.~~

~~NOTE 3 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)~~

consolidation.

Accounting Basis

The Company uses the accrual basis of accounting and accounting principles generally accepted in the United States of America (“US GAAP” accounting). The Company has adopted a November 30 fiscal year end.

Risks and Uncertainties

The ~~Company's~~Company’s operations are subject to significant risk and uncertainties including financial, operational, technological, and regulatory risks including the potential risk of business failure. See Note 103 regarding going concern matters.

Cash and Cash Equivalents

The Company considers all highly liquid investments with maturities of three months or less to be cash equivalents. At August 31, ~~2017~~2021 and November 30, ~~2016,~~2020, respectively, the Company had ~~$884~~$7,619 and ~~$592~~$19,482 of unrestricted cash to be used for future business operations.

The ~~Company's~~Company’s bank accounts are deposited in insured institutions. The funds are insured up to $250,000. At times, the ~~Company's~~Company’s bank deposits may exceed the insured amount. Management believes it has little risk related to the excess deposits.

Prepaid Expenses

The Company considers all items incurred for future services to be prepaid expenses.

Fair Value of Financial Instruments

~~The Company's~~

Fair value of certain of the Company’s financial instruments ~~consist of~~including cash, prepaid expenses, accounts payable, accrued expenses, notes payable, and ~~note payable-related party.~~other accrued liabilities approximate cost because of their short maturities. The ~~carrying amount of these financial instruments approximates~~Company measures and reports fair value ~~due~~in accordance with ASC 820, “Fair Value Measurements and Disclosure” defines fair value, establishes a framework for measuring fair value in accordance with generally accepted accounting principles and expands disclosures about fair value investments.

Fair value, as defined in ASC 820, is the price that would be received to ~~either length~~sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value of ~~maturity~~an asset should reflect its highest and best use by market participants, principal (or most advantageous) markets, and an in-use or ~~interest rates~~an in-exchange valuation premise. The fair value of a liability should reflect the risk of nonperformance, which includes, among other things, the Company’s credit risk.

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Valuation techniques are generally classified into three categories: the market approach; the income approach; and the cost approach. The selection and application of one or more of the techniques may require significant judgment and are primarily dependent upon the characteristics of the asset or liability, and the quality and availability of inputs. Valuation techniques used to measure fair value under ASC 820 must maximize the use of observable inputs and minimize the use of unobservable inputs. ASC 820 also provides fair value hierarchy for inputs and resulting measurement as follows:

Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for identical assets or liabilities.

Level 2: Quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability; and inputs that are derived principally from or corroborated by observable market data for substantially the full term of the assets or liabilities; and

Level 3: Unobservable inputs for the asset or liability that are supported by little or no market activity, and that are significant to the fair values.

Fair value measurements are required to be disclosed by the Level within the fair value hierarchy in which the fair value measurements in their entirety fall. Fair value measurements using significant unobservable inputs (in Level 3 measurements) are subject to expanded disclosure requirements including a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (i) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings, and a description of where those gains or losses included in earning are reported in the statement of income. All assets and liabilities of the Company approximate ~~prevailing market rates unless otherwise disclosed~~fair value.

Valuation of Long-Lived and Intangible Assets

We assess the impairment of long-lived assets periodically, or at least annually, and whenever events or changes in ~~these financial statements.~~

circumstances indicate that the carrying value may not be recoverable. Factors considered important, which could trigger an impairment review, include the following: significant underperformance relative to historical or projected future cash flows; significant changes in the manner of use of the assets or the strategy of the overall business; and significant negative industry trends. When management determines that the carrying value of long-lived and intangible assets may not be recoverable, impairment is measured as the excess of the assets’ carrying value over the estimated fair value. Management is not aware of any impairment changes that may currently be required; however, we cannot predict the occurrence of events that might adversely affect the reported values in the future.

Concentrations of Credit Risk

The Company maintains its cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. The Company continually monitors its banking relationships and consequently has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risk on cash and cash equivalents.

Stock-Based Compensation

The Company accounts for ~~employee stock-based~~share-based compensation in accordance with the ~~guidance~~fair value recognition provisions of ~~ASC~~the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) No. 718. The scope of Topic 718, ~~Compensation –~~ Compensation—Stock Compensation, ~~which requires all~~includes share-based payments issued to employees ~~including grants of employee stock options, to be recognized in the financial statements based on their fair values. There has been no stock-based compensation issued to employees.~~

and nonemployees for goods and services. The Company ~~follows ASC Topic 505-50, formerly EITF 96-18, “Accounting~~issues restricted stock to employees and consultants for ~~Equity Instruments that~~their services. Cost for these transactions are ~~Issued to Other than Employees for Acquiring, or in Conjunction with Selling Goods and Services~~,” for stock options and warrants issued to consultants and other non-employees. In accordance with ASC Topic 505-50, these stock options and warrants issued as compensation for services provided to the Company are accounted for based uponmeasured at the fair value of the ~~services provided or~~equity instruments issued at the ~~estimated~~date of grant. These shares are considered fully vested and the fair market value ofis recognized as expense in the ~~option or warrant, whichever can~~period granted. The Company recognized consulting expenses and a corresponding increase to additional paid-in-capital related to stock issued for services. For agreements requiring future services, the consulting expense is to be ~~more clearly determined. The fair value of the equity instrument is charged directly to compensation expense and additional paid-in capital~~recognized ratably over the ~~period during which services are rendered.~~

requisite service period.

Total stock-based compensation amounted to $111,085 and $18,600 for the three months ended August 31, 2021 and 2020, respectively, and $157,595 and $22,321 for the nine months ended August 31, 2021 and 2020, respectively.

Income Taxes

Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. It is the Company’s policy to classify interest and penalties on income taxes as interest expense or penalties expense. As of August 31, ~~2017,~~2021, there have been no interest or penalties incurred on income taxes.

~~NOTE 3 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)~~

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Revenue Recognition

Revenue is recognized when a customer obtains control of promised goods or services and is recognized in an amount that reflects the consideration that an entity expects to receive in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The amount of revenue that is recorded reflects the consideration that the Company expects to receive in exchange for those goods. The Company isapplies the following five-step model in order to determine this amount: (i) identification of the promised goods in the ~~exploration stage~~contract; (ii) determination of whether the promised goods are performance obligations, including whether they are distinct in the context of the contract; (iii) measurement of the transaction price, including the constraint on variable consideration; (iv) allocation of the transaction price to the performance obligations; and ~~has yet to realize revenues from operations. Once~~(v) recognition of revenue when (or as) the Company ~~has commenced operations,~~satisfies each performance obligation.

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Once a contract is determined to be within the scope of ASC 606 at contract inception, the Company reviews the contract to determine which performance obligations the Company must deliver and which of these performance obligations are distinct. The Company recognizes as revenues the amount of the transaction price that is allocated to the respective performance obligation when the performance obligation is satisfied or as it ~~will recognize revenues when delivery of goods or completion of services has occurred provided there~~ is ~~persuasive evidence of an agreement, acceptance has been approved by its~~satisfied. Generally, the Company’s performance obligations are transferred to customers ~~the fee is fixed or determinable based on the completion of stated terms and conditions, and collection of any related receivable is probable.~~

at a point in time, typically upon delivery.

Basic Income (Loss) Per Share

Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity.

The convertible debt to common shares and unissued stock earned could potentially amount to approximately 5,537,000 additional shares issued by the Company. The Company’s convertible notes and unissued shares are excluded from the computation of diluted earnings per share as they are anti-dilutive due to the Company’s losses for the three and nine months ended August 31, 2021 and 2020.

Foreign Currency Translation

The functional and presentation currency of the Company is the U.S. dollar. Transactions denominated in a currency other than the functional currency are recorded on the initial recognition at the exchange rate at the date of the transaction. Assets and liabilities that are not denominated in the functional currency are remeasured into the functional currency with any related gain or loss recorded in earnings. The Company translates assets and liabilities of its non-U.S. dollar functional currency foreign transactions into the U.S. dollar reporting currency at exchange rates in effect at the balance sheet date. The Company translates income and expense items of such foreign transactions into the U.S. dollar reporting currency at the exchange rate on the date of the transaction.

Recent Accounting Pronouncements

In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes, as part of its Simplification Initiative to reduce the cost and complexity in accounting for income taxes. ASU 2019-12 removes certain exceptions related to the approach for intra-period tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. ASU 2019-12 also amends other aspects of the guidance to help simplify and promote consistent application of US GAAP. The guidance is effective for interim and annual periods beginning after December 15, 2020, with early adoption permitted. The Company has adopted ASU 2019-12 and there was no material impact on the on the consolidated financial statements and related disclosures.

In August 2020, the FASB issued ASU 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40)—Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. ASU 2020-06 reduces the number of accounting models for convertible debt instruments and convertible preferred stock. For convertible instruments with conversion features that are not required to be accounted for as derivatives under Topic 815, Derivatives and Hedging, or that do not result in substantial premiums accounted for as paid-in capital, the embedded conversion features no longer are separated from the host contract. ASU 2020-06 also removes certain conditions that should be considered in the derivatives scope exception evaluation under Subtopic 815-40, Derivatives and Hedging—Contracts in Entity’s Own Equity, and clarify the scope and certain requirements under Subtopic 815-40. In addition, ASU 2020-06 improves the guidance related to the disclosures and earnings-per-share (EPS) for convertible instruments and contract in entity’s own equity. ASU 2020-06 is effective for public business entities that meet the definition of a Securities and Exchange Commission (SEC) filer, excluding entities eligible to be smaller reporting companies as defined by the SEC, for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Board specified that an entity should adopt the guidance as of the beginning of its annual fiscal year. The Company is currently evaluation the impact this ASU will have on its consolidated financial statements.

Management believes recently issued accounting pronouncements will have no impact on the financial statements of the Company.

Mineral Properties

Costs of exploration are expensed as incurred. Mineral property acquisition costs are capitalized including licenses and lease payments. Although the Company has taken steps to verify title to mineral properties in which it has an interest, these procedures do not guarantee the Company’s title. Such properties may be subject to prior agreements or transfers and title may be affected by undetected defects.

Mineral properties are analyzed for impairment on an annual basis, or more often if warranted by circumstances. Impairment losses are recorded on mineral properties used in operations when indicators of impairment are present.

Capitalization

Only assets with a cost over $5,000 and a useful life of over 1 year are capitalized. All other costs are expensed in the period incurred.

Reclassifications

Certain prior year amounts have been reclassified for comparative purposes to conform to the current-year financial statement presentation. These reclassifications had no effect on previously reported results of operations.

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NOTE 3 – GOING CONCERN

The accompanying financial statements have been prepared assuming that Century Cobalt Corp., Inc. will continue as a going concern. The Company has a working capital deficit, has not yet received revenue from sales of products or services, and has incurred losses from operations. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Without realization of additional debt or capital, it would be unlikely for the Company to continue as a going concern. The financial statements do not include any adjustments that might result from this uncertainty.

The Company’s activities to date have been supported by debt and equity financing. It has sustained losses in all previous reporting periods with an inception to date loss of $4,494,803 as of August 31, 2021. Management continues to seek funding from its shareholders and other qualified investors.

NOTE 4 – PREPAID EXPENSES

Prepaid expenses include the prepayment of the annual mining claims renewal fees.

Prepaid expenses are as follows:

August 31,

2021

November 30,

2020

Annual mining claims renewal fees

7,696

99,909

Total

7,969

99,909

NOTE 5 – RESOURCE PROPERTY

On August 7, 2018, we entered into an assignment agreement with Oriental Rainbow Group Ltd., in regards to the acquisition of certain mineral claims in Lemhi County, Idaho known as the “Idaho Cobalt Belt”.

Oriental Rainbow and Plateau Ventures LLC had entered into a purchase agreement dated September 4, 2017, wherein Oriental Rainbow had acquired from Plateau a 100% interest in the property, subject to certain subsequent payments and conditions. The claims comprising the property (649 claims) initially totaled approximately 12,980 acres, subject to an option under the purchase agreement for the acquisition of additional claims by issuing a further 500,000 common shares valued at $20,000 to Plateau Ventures LLC. Such option had been exercised with additional claims acquired, resulting in a total of 695 claims comprising approximately 13,900 acres. The value of the claims was $248,000at August 31, 2021 and November 30, 2020 and recorded at resource property in the accompanying consolidated balance sheets. The Company perform an annual impairment test at November 30, 2020 and determined an impairment charge was not necessary.

Oriental Rainbow has assigned its interest in the property to us in consideration for 2,500,000 restricted shares (issued) of common stock valued at $100,000 (the “Consideration Shares”). The Company has assumed all of Oriental Rainbow’s obligations under the purchase agreement, which material obligations include: the issuance of up to 500,000 restricted shares of common stock, valued at $20,000, to Plateau upon listing on a recognized stock exchange (issued) and paying Plateau $1,000,000 in four equal staged payments upon completion of a positive feasibility study on the property. The vendor retains a 1% royalty on revenue derived from the sale of cobalt concentrate and other ore extracts from the property. The Company has the option to purchase this 1% royalty at any time for $1,000,000 in cash or common shares. As of August 31, 2021 and November 30, 2020, respectively, the Company has invested $248,000 into the above-mentioned mineral claims. These amounts are reported in the accompanying consolidated balance sheet.

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NOTE 6 – NOTES PAYABLE

Notes payable consisted of the following at August 31, ~~2017:~~

Date of Note Note Amount Interest Rate
Maturity Date
Collateral Interest Accrued

May 1, 2016 $ 292,866 8 % May 1, 2017 (default) None $ 31,260
October 20, 2016 $ 5,000 8 % October 20, 2017 None $ 345
January 9, 2017 $ 9,000 8 % January 9, 2018 None $ 461
April 24, 2017 $ 10,000 8 % April 24, 2018 None $ 282
June 19, 2017 $ 7,000 8 % June 19, 2018 None $ 112
Total $ 323,866 $ 32,460

2021:

Date of Note	Principal Amount at Issuance ($)		Interest Rate			Maturity Date	Interest Accrued ($)
October 20, 2016 (1)		5,000		8	%	October 20, 2017		1,946
January 9, 2017 (1)		9,000		8	%	January 9, 2018		3,343
April 24, 2017 (1)		10,000		8	%	April 24, 2018		3,485
June 19, 2017 (1)		7,000		8	%	June 19, 2018		2,354
September 18, 2017 (1)		6,000		8	%	September 18, 2018		1,897
January 5, 2018 (1)		10,000		8	%	January 5, 2019		2,924
April 17, 2018 (1)		30,000		8	%	April 17, 2019		8,102
July 27, 2018 (1)		31,700		12	%	July 27, 2019		11,787
August 15, 2018 (1)		108,000		12	%	August 15, 2019		39,484
September 7, 2018 (1)		15,000		12	%	July 31, 2020		5,370
September 12, 2018 (1)		20,500		12	%	August 15, 2020		7,306
September 27, 2018 (1)		10,000		12	%	July 31, 2020		3,514
October 10, 2018 (1)		42,000		12	%	July 31, 2020		14,581
November 20, 2018 (1)		7,905		12	%	July 31, 2020		2,638
November 20, 2018 (1)		7,970		12	%	July 31, 2020		2,659
December 18, 2018 (1)		25,000		12	%	July 31, 2020		8,112
January 24, 2019 (1)		42,000		12	%	August 15, 2020		13,118
February 18, 2019 (1)		20,000		12	%	February 18, 2020		6,083
March 6, 2019 (1)		10,000		12	%	August 15, 2020		2,988
May 3, 2019 (1)		25,000		12	%	July 31, 2020		6,994
July 1, 2019 (2)		34,385		10	%	December 30, 2021		9,181
July 15, 2019 (2)		34,385		10	%	December 30, 2021		9,049
July 31, 2019 (2)		34,385		10	%	December 30, 2021		8,899
September 3, 2019 (2)		20,631		10	%	December 30, 2021		5,147
October 8, 2019 (2)		11,003		10	%	December 30, 2021		2,639
November 6, 2019 (2)		4,126		10	%	December 30, 2021		957
July 10, 2020 (1)		13,754		5	%	June 18, 2021		785
September 2, 2020 (1)		13,754		5	%	June 18, 2021		684
November 27, 2020 (1)		20,631		5	%	June 18, 2021		783
December 22, 2020 (1)		20,631		5	%	June 18, 2021		715
January 12, 2021 (1)		27,508		5	%	June 18, 2021		875
March 5, 2021 (1)		34,385		5	%	June 18, 2021		847
April 14, 2021 (1)		41,262		5	%	June 18, 2021		791
June 8, 2021		50,000		5	%	June 1, 2022		575
June 17, 2021		8,400		5	%	June 1, 2022		86
June 29, 2021		40,000		5	%	June 1, 2022		345
July 22, 2021 (4)		68,770		5	%	January 23, 2023		378
Subtotal		920,085						191,421
Debt Discount		61,919
Grand Total		858,166						191,421

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(1)	The Company is not compliant with the repayment terms of the notes payable. There are no penalties associated with notes past the due date.

Convertible notes payable consisted of the following at August 31, 2021:

(2)	On July 30, 2019, the Company entered into a convertible unsecured term loan facility of £200,000 ($253,900) for funding working capital requirements. The promissory note has a maturity date of October 30, 2020, an interest rate of 10% and a conversion rate of $0.08 per share. After maturity, the interest rate increases to 8% above the Bank of England Base Rate. In addition, a 5% facility fee is added to the loan. The Company may draw the loan in installments of £25,000 ($31,735) at any time on or after the date of this agreement. During the year ended November 30, 2019, the Company has drawn six installments against the loan facility for an aggregate of $130,633. The Company calculated the fair value of the beneficial conversion feature as the difference between the conversion price and the fair market value of the Company’s common stock into on the date of issuance. The fair value of the conversion option in connection with the note on the date of issuance aggregated $12,654, and was recorded as debt discount. The debt discount was amortized through the term of the note. On October 19, 2020, the maturity date of the promissory note was extended to December 30, 2021. The unpaid balance including accrued interest was $174,787 and $159,183 at August 31, 2021 and November 30, 2020, respectively.

(3)	On August 14, 2019, the Company entered into a convertible unsecured term loan facility of £200,000 ($241,220) for funding working capital requirements. The promissory note has a maturity date of April 16, 2021, an interest rate of 10% and a conversion rate of $0.03 per share. After maturity, the interest rate increases to 8% above the Bank of England Base Rate. In addition, a 5% facility fee is added to the loan. The Company may draw the loan in installments at any time on or after the date of this agreement. During the year ended November 30, 2019, the Company has drawn two installments against the loan facility for an aggregate of $129,340. The Company calculated the fair value of the beneficial conversion feature as the difference between the conversion price and the fair market value of the Company’s common stock into on the date of issuance. The fair value of the conversion option in connection with the note on the date of issuance aggregated $34,853, and was recorded as debt discount. The debt discount was amortized through the term of the note. During the three months ended May 31, 2020, the Company received a third installment for $2,050. The Company calculated the fair value of the beneficial conversion feature as the difference between the conversion price and the fair market value of the Company’s common stock into on the date of issuance. The fair value of the conversion option in connection with the note on the date of issuance was $-0-. During the three months ended August 31, 2020, the Company received a third installment for $130,646. The Company calculated the fair value of the beneficial conversion feature as the difference between the conversion price and the fair market value of the Company’s common stock into on the date of issuance. The fair value of the conversion option in connection with the note on the date of issuance was $-0-. On August 4, 2021, the holder converted $332,398 of principal and interest into 11,079,939 shares of the Company’s common stock at $0.03 per share to fully satisfy the convertible promissory note. The unpaid balance including accrued interest was $-0- and $297,562 at August 31, 2021 and November 30, 2020, respectively.

(4)

On July 22, 2021, the Company entered into a long-term convertible promissory note of £50,000 ($68,815) with a third-party for funding an option fee to acquire land and a cannabis license in Zimbabwe (See Note 9 – Material Contracts for a further discussion). The promissory note has a maturity date of January 23, 2023, an interest rate of 5%. The holder may convert any part or all of the outstanding principal and/or interest on this promissory note into shares of the Company’s common stock dividing (i) any amount of part or all of the outstanding principal and/or interest on the note, by (ii) the 20-day VWAP of Company common stock prior to the date of conversion; provided, however, that the price of conversion shall not be less than $0.0001 per share. The Company calculated the fair value of the beneficial conversion feature as the difference between the conversion price and the fair market value of the Company’s common stock into on the date of issuance. The fair value of the conversion option in connection with the note on the date of issuance was $68,815. The debt discount was amortized through the term of the note. The unpaid balance including accrued interest was $69,147 at August 31, 2021.

As of August 31, 2021, the total loans - convertible amounted to $243,934 which includes $36,249 of accrued interest. The conversion price of the note was fixed and determinable on the date of issuance and as such in accordance with ASC Topic 815 “Derivatives and Hedging” (“ASC 815”), the embedded conversion option of the note was not considered a derivative liability. The beneficial conversion features of certain convertible notes are at a price below fair market value. The Company recorded interest expense on the debt discount of $6,896 and $7,994 for the three months ended August 31, 2021 and 2020, respectively, and $15,010 and $23,982 for the nine months ended August 31, 2021 and 2020, respectively. The unamortized debt discount was $61,919 and $8,114 at August 31, 2021 and November 30, 2020, respectively.

Notes payable and convertible notes payable transactions during the nine months ended August 31, ~~2017~~2021 consisted of the following:

Balance, November 30, 2016 $ 297,866
Borrowings 26,000
Balance, August 31, 2017 $ 323,866

Balance, November 30, 2020	$	891,295
Borrowings		290,474
Less conversion to common stock		(277,150	)
Plus, foreign exchange adjustment		15,466
Less debt discount		(61,919	)
Balance, August 31, 2021	$	858,166

Notes payable and convertible notes payable transactions principal repayment schedule consisted of the following:

Fiscal year ended November 30, 2021	$	614,000
Fiscal year ended November 30, 2022		237,315
Fiscal year ended November 30, 2023 (less debt discount)		6,851
Total	$	858,166

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NOTE 57 – RELATED PARTY TRANSACTIONS

~~The~~

As at August 31, 2021, accounts payable and compensation owing to the Company’s president and other related parties was $270,499 (November 30, 2020: $216,074).

As at August 31, 2021, the Company owed $60,823 to the Company’s president and director (November 30, 2020: $60,823). In addition, during the June 2021, the Company paid ~~consulting fees totaling $0 and $21,277~~the legal bill for a related party for $69,624. The net balance of $8,801 is reported in due from related parties in the accompanying consolidated balance sheets.

On August 31, 2021, notes payable owing to related parties was $537,825 (November 30, 2020: $314,124) and accrued interest owing to related parties was $96,592 (November 30, 2020: $68,453).

On September 11, 2018, the Company signed a Consulting Agreement for the Company’s former Chief Operating Officer (COO) beginning August 1, 2018 through December 31, 2020. Effective April 1, 2018, the former COO is compensated £200 (approximately $250) for each day performing services to the Company (approximately one day per week). Effective August 1, 2018, the former COO was compensated with 250,000 unregistered shares of the Company’s common stock valued at $10,000 or $0.04 per share. On February 1, 2019 the CCO was compensated with 250,000 unregistered shares of the Company’s common stock valued at $36,750 or $0.147 share. On August 1, 2019 the CCO was compensated with 250,000 unregistered shares of the Company’s common stock valued at $24,375 or $0.0975 share. The COO resigned on December 1, 2020 and will serve the company in other capacities. On May 21, 2021, the former COO was compensated with 1,750,000 unregistered shares of the common stock valued at $40,425 or $0.0231 per share. On August 4, 2021, the former COO was compensated with 500,000 unregistered shares of the common stock valued at $10,000 or $0.0200 per share. The non-stock compensation amounted to $-0- for the three months ended August 31, 2021 and 2020, and $-0- and $4,578 for the nine months ended August 31, ~~2017~~2021 and 2020, respectively.

On September 17, 2018, the Company signed a three-year Consulting Agreement for the Company’s President. Effective June 1, 2018, the President is compensated $8,500 per month for an aggregate of $102,000 per year. Effective August 1, 2018, the President was compensated with 5,000,000 unregistered shares of the Company’s common stock valued at $200,000 or $0.04 per share. In addition, on August 1 of each year for this agreement, the President will be compensated with 1,000,000 unregistered shares of the Company’s common stock. On August 1, 2018, 1,000,000 unregistered shares of the Company’s common stock were earned by the Company’s President. The shares were valued at $40,000 or $0.04 share. On August 1, 2019, 1,000,000 unregistered shares of the Company’s common stock were earned by the Company’s President. The shares were valued at $97,500 or $0.975 share. Effective August 1, 2019, the President compensation was increased to $15,000 per month for an aggregate of $180,000 per year. On August 1, 2020, 1,000,000 unregistered shares of the Company’s common stock were earned by the Company’s President. The shares were valued at $18,600 or $0.0186 share. The agreement terminated on June 1, 2021, thereafter, the Company’s CEO was compensated with $15,000 per month on a month-to-month basis. On August 4, 2021, the Company’s CEO was compensated with 5,000,000 unregistered shares of the common stock valued at $100,000 or $0.0200 per share. The non-stock compensation amounted to $45,000 for the three months ended August 31, ~~2016, respectively.~~

2021 and 2020 and $135,000 for the nine months ended August 31, 2021 and 2020.

NOTE 68 – CAPITAL STOCK

The Company has 20,000,000 preferred shares authorized at a par value of $0.001 per share.

~~The~~ As of August 31, 2021, no rights have been assigned to the preferred shares and the rights will be established upon issuance.

As at August 31, 2021, the Company has 3,500,000,000 common shares authorized at a par value of $0.001 per share.

On ~~February 16, 2016,~~August 1, 2018, the Company granted 1,000,000 unregistered common shares, at $0.04 per share, valued at $40,000, to the Company’s president pursuant to a consulting agreement for annual share compensation. On March 18, 2021, the Company issued ~~769,315~~1,000,000 unregistered shares of the Company’s common stock to ~~its president~~the Company’s president.

On February 1, 2019, the Company granted 250,000 at $0.147 per share, valued at ~~$13,777 based~~$36,750, unregistered common shares pursuant to a consulting agreement for the Company’s former Chief Operating Officer (COO). As of August 31, 2021, the shares have not been issued to the former COO.

On April 1, 2019, the Company granted 163,132 at $0.1226 per share, valued at $20,000, unregistered common shares as per an option agreement to explore and evaluate the battery materials in South Dakota. See Note 5. As of August 31, 2021, the shares have not been issued to the individual.

On June 5, 2019, the Company entered into an agreement with a consultant to provide finance and accounting services to the Company. The Consultant is compensated with a combination of cash and unregistered shares of the Company’s common stock. In addition, the consultant was granted 50,000 shares of the Company’s common stock valued at $4,990 or .0998 per share. The consultant has earned 202,546 shares valued at $6,773 or $0.0334 per share for the nine months ended August 31, 2021 and 503,341 shares valued at $13,465 or $0.0268 per share at November 30, 2020, for an aggregate of 705,887 shares valued at $20,237 or $0.0287 per share. The 705,887 shares were issued to the consultant on August 11, 2021.

On August 1, 2019, the Company granted 1,000,000 unregistered common shares, at $0.0975 per share, valued at $97,500, to the Company’s president pursuant to a consulting agreement for annual share compensation. On March 18, 2021, the Company issued 1,000,000 unregistered shares of the Company’s common stock to the Company’s president.

On August 1, 2019, the Company granted 250,000 at $0.0975 per share, valued at $24,375, unregistered common shares for services to the Company for the Company’s former Chief Operating Officer (COO). As of August 31, 2021, the shares have not been issued to the Company’s former COO.

On October 8, 2019, the Company issued a stock subscription for 120,000 unregistered shares of the Company’s common stock to an investor. The shares were valued at $5,980 or $0.05 per share. The subscription amount was funded on October 9, 2019. On April 27, 2020, the Company issued 120,000 unregistered shares of the Company’s common stock to the investor. The Company used the proceeds for working capital.

On December 23, 2019, the Company issued a stock subscription for 912,310 unregistered shares of the Company’s common stock to an investor. The shares were valued at $45,616 or $0.05 per share. The subscription amount was funded on December 24, 2019. On May 21, 2021, the Company issued 912,310 unregistered shares of the Company’s common stock to the investor. The Company used the proceeds for working capital.

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On August 1, 2020, the Company granted 1,000,000 unregistered common shares, at $0.0186 per share, valued at $18,600, to the Company’s president pursuant to a consulting agreement for annual share compensation. On March 21, 2021, the Company issued 1,000,000 unregistered shares of the Company’s common stock to the Company’s president.

On February 3, 2020, the Company issued a stock subscription for 2,174,545 unregistered shares of the Company’s common stock to an investor. The shares were valued at $59,800 or $0.0275 per share. The subscription amount was funded on February 7, 2020. On May 21, 2021, the Company issued 2,174,545 unregistered shares of the Company’s common stock to the investor. The Company used the proceeds for working capital.

On January 11, 2021, the Company issued a stock subscription for 176,966 unregistered shares of the Company’s common stock to pay a past due balance from one of the Company’s vendors. The shares were valued at $5,309 or $0.03 per share. On April 19, 2021, the Company issued 176,966 unregistered shares of the Company’s common stock to the vendor.

On May 21, 2021, the Company issued 1,750,000 unregistered shares of the Company’s common stock to the Company’s former COO. The shares were earned on May 21, 2021 as a bonus for services to the Company. The shares were valued at $40,425 or $0.0231 per share.

On August 4, 2021, the Company issued 500,000 unregistered shares of the Company’s common stock to the Company’s former COO as a bonus for services to the Company. The shares were valued at $10,000 or $0.02 per share.

On August 4, 2021, the Company issued 5,000,000 unregistered shares of the Company’s common stock to the Company’s CEO for services to the Company. The shares were valued at $100,000 or $0.02 per share.

On August 4, 2021, the Company issued 11,079,939 shares of the Company’s common stock to convert $332,398 of principal and interest at $0.03 per share to fully satisfy the convertible promissory note dated August 14, 2019.

As of August 31, 2021, the Company had 104,361,576 (November 30, 2020: 79,061,929) common shares issued and outstanding.

NOTE 9 – MATERIAL CONTRACTS

On January 9, 2019, the Company entered an agreement with a consultant to head the Company’s Advisory Board to provide essential prospective on technology and public policy developments that are shaping the cobalt markets. In addition, the consultant will provide press releases, additional messaging and focus on exploring potential relationships with major cobalt users. The agreement terminates on December 31, 2019. After December 31, 2019, the agreement automatically renews unless the Company or consultant provide 30 days written notice. The consultant is compensated with a $5,000 retainer which commences the first of the month following the completion of the Company’s next capital raise. In addition, the Company granted the consultant a three-year option to purchase 250,000 shares of the Company’s unregistered common stock at $0.10 per share. The option vested as to 100,000 shares on the ~~stock closing price~~grant date, vests 100,000 shares on August 9, 2019 and 50,000 on January 9, 2020. The fair value of the option was $23,891. The Company uses a Black-Scholes-Merton option pricing model to estimate the fair value option with the following assumptions:

Risk-free interest rate		2.54	%
Expected life (in years)		3
Expected volatility		310.6	%
Grant date fair value	$	.097

On March 11, 2019, the Company signed a twelve-month lease agreement for a four-bedroom living unit. The lease starts on April 1, 2019 and ends on March 31, 2020. The monthly rental is $1,200 and an aggregate of $14,400 over the term of the lease. The lease terminated on March 31, 2020 and was not renewed.

On April 2, 2019, the Company signed a twelve-month lease agreement for office space. The lease starts on July 1, 2019 and ends on June 30, 2020. The monthly rental is $730 and an aggregate of $8,761 over the term of the lease. The lease was renewed on a twelve-month lease agreement ending on June 30, 2021 for $770 per month and an aggregate of $9,240 over the term of the lease. The lease terminated on June 1, 2021 and was not renewed. The Company settled the unpaid balance for $6,000 which resulted in $3,447 reversal of rent expense in the accompanying consolidated statement of operations.

The rent expense recognized was ($3,447) and $4,727 for three months ended August 31, 2021 and 2020, respectively, and $1,496 and $12,950 for nine months ended August 31, 2021 and 2020.

On September 14, 2019, the Company entered an agreement with a consultant as the Company’s Business Development Director including such other management advisory services as may be reasonably requested by the Company. The agreement terminates on August 31, 2021. The consultant is compensated with $4,000 a month beginning September 1, 2019. The consultant earned $12,000 for the three months ended August 31, 2021 and 2020 and $36,000 for the nine months ended August 31, 2021 and 2020.

On March 17, 2021 the Company signed an option agreement together with Block Commodities Limited to acquire a 70 percent interest in a Medicinal Cannabis license granted to Magnus Cannabis Group Limited (“Magnus”) by the government of Zimbabwe. Block Commodities Ltd. is listed on the ~~date~~Aquis Stock Exchange, trading with ticker code BLCC.PL (“BLCC”).

The acquiring parties will each hold 35 percent. The stake in the Magnus license, will secure supply of medicinal grade cannabis for the production of Nutraceuticals.

The option is for an exclusivity period of 90 days to complete the Acquisition. As of August 31, 2021, the acquisition has not been completed. On June 15, 2021, the option was extended to August 31, 2021 and not extended pending the completion of further negotiations. The proposed terms of the ~~grant.~~

Acquisition are as follows:

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	•	Payment of an option fee of £50,000 (approximately $69,000) to acquire land and a cannabis license fee in Zimbabwe, to be apportioned equally between the acquiring parties, and

	•	Payment by BLCC of £1,500,000 (approximately $2,095,000) through the issue of 2,142,857,142 fully paid ordinary shares in BLCC (valued at 0.07p, per share) upon exercise of the option, and contemporaneously the payment by CCOB of £1.5m of CCOB fully paid ordinary shares, price based on a 30-day VWAP (using the US$/GB£ closing middle market exchange rate published by Bloomberg on the day immediately prior to completion).

The Company paid the entire option fee on July 22, 2021 for £50,000 (approximately $69,000). The Company recorded the option fee in other assets in the accompanying consolidated balance sheets pending the completion of the acquisition negotiations. The balance at August 31, 2021 was $68,770.

NOTE 710 – SUBSEQUENT EVENTS

~~In accordance with ASC Topic 855-10,~~

Subsequent to August 31, 2021, the Company received an $20,000 installment under a loan agreement dated June 01, 2021 with a related party. The loan bears interest at 5% and has ~~analyzed its operations subsequent~~a maturity date of June 1, 2022.

On September 14, 2021, the Company signed a share purchase agreement to sell the ~~date~~assets of Emperium 1 Holdings Corp to Technology Minerals PLC, a related party (Refer to Note 5 - Resource Property for a further discussion). Technology Minerals PLC become a new UK public company during the three months ended August 31, 2021. The Company will be issued 420,000,000 unregistered shares (0.001£ par value) of Technology Minerals PLC common stock.

The Company has evaluated all events occurring subsequently to these financial statements through October 20, 2021 and determined there were ~~issued, and has determined that,~~no other ~~than those events mentioned above, it does not have any material subsequent events~~items to ~~disclose in these financial statements.~~

disclose.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

FORWARD LOOKING STATEMENTS

This quarterly report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

~~Our unaudited financial statements are stated in United States Dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles.~~

The following discussion of our financial condition and results of operations for the three and nine months ended August 31, 2021 and 2020 should be read in conjunction with ~~our~~the consolidated financial statements and the ~~related~~ notes to those statements that ~~appear~~are included elsewhere in this ~~quarterly~~ report. ~~The following~~Our discussion ~~contains~~includes forward-looking statements based upon current expectations that ~~reflect~~involve risks and uncertainties, such as our plans, ~~estimates~~objectives, expectations and ~~beliefs. Our actual~~intentions. Actual results and the timing of events could differ materially from those ~~discussed~~anticipated in these forward-looking statements because of several factors, including those set forth under the Part I, Item 1A, Risk Factors and Business sections in our Annual Report on Form 10-K for the fiscal year ended November 30, 2020, as filed with the SEC on June 16, 2021, this report, and our other filings with the SEC. We use words such as “anticipate,” “estimate,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “believe,” “intend,” “may,” “will,” “should,” “could,” and similar expressions to identify forward-looking statements. ~~Factors~~In addition, any statements that ~~could cause~~refer to projections of our future financial performance, our anticipated growth and trends in our businesses, and other characterizations of future events or ~~contribute to such differences include, but~~circumstances are ~~not limited to, those discussed below and elsewhere in this quarterly report.~~

~~Our financial~~forward-looking statements. Such statements are ~~stated in United States Dollars (US$)~~based on our current expectations and ~~are prepared in accordance with United States Generally Accepted Accounting Principles.~~

Incould be affected by the uncertainties and risk factors described throughout this ~~quarterly report, unless otherwise specified, all dollar amounts are expressed in United States dollars and all references to “common shares” refer to the common shares in our capital stock.~~

~~As used in this quarterly report, the terms “we”, “us”, “our” and “our company” mean First American Silver Corp., unless otherwise indicated.~~

report.

General Overview

We were incorporated in the State of Nevada on April 29, 2008, under the name ~~"Mayetok,~~“Mayetok, Inc."”. As Mayetok, Inc. we were engaged in the development of a website to market vacation properties in the Ukraine.

On June 8, 2010, we initiated a one (1) old for 35 new forward stock split of our issued and outstanding common stock. As a result, our authorized capital increased from 100,000,000 to 3,500,000,000 shares of common stock and the issued and outstanding increased from 2,200,000 shares of common stock to 77,000,000 shares of common stock, all with a par value of $0.001.

Also, on June 8, 2010, we changed our name from ~~"Mayetok,~~“Mayetok, Inc."” to ~~"First~~“First American Silver Corp."”, by way of a merger with our wholly owned subsidiary First American Silver Corp., which was formed solely for the change of name. We changed the name of our company to reflect the new direction of our company in the business of acquiring, exploring and developing mineral properties. As of June 2010, we had abandoned our former business plan of seeking to market vacation properties.

Our name change and forward stock split became effective with the Over-the-Counter Bulletin Board at the opening of trading on June 16, 2010, on which date we adopted the new stock symbol ~~"FASV"~~“FASV”.

On June 18, 2018, we changed our name from “First American Silver Corp.” to “Century Cobalt Corp”, by way of a merger with our wholly owned subsidiary Century Cobalt Corp., which was formed solely for the change of name. We changed the name of our company to reflect the new direction of our company in the business of acquiring, exploring and developing mineral properties. Our name change became effective with the Over-the-Counter Bulletin Board at the opening of trading on June 18, 2018, on which date we adopted the new stock symbol “CCOB”

Our Current Business

~~In 2014,~~

On August 7, 2018, we ~~abandoned our~~entered into an assignment agreement with Oriental Rainbow Group Ltd., in regards to the acquisition of certain mineral claims in Lemhi County, Idaho known as the “Idaho Cobalt Belt”.

Oriental Rainbow and Plateau Ventures LLC had entered into a purchase agreement dated September 4, 2017, wherein Oriental Rainbow had acquired from Plateau a 100% interest in the property, ~~business~~subject to certain subsequent payments and ~~initiated efforts~~conditions. The claims comprising the property (649 claims) initially totaled approximately 12,980 acres, subject to ~~enter a new line~~an option under the purchase agreement for the acquisition of ~~business. To-date, although our company has engaged~~additional claims. Such option had been exercised with additional claims acquired, resulting in a ~~number~~total of 695 claims comprising approximately 13,900 acres.

Oriental Rainbow has assigned its interest in the property to us in consideration for 2,500,000 restricted shares of common stock (the “Consideration Shares”). We have assumed all of Oriental Rainbow’s obligations under the purchase agreement, which material obligations include: the issuance of up to 500,000 restricted shares of common stock to Plateau upon listing on a recognized stock exchange; paying pending BLM fees for the claims in the amount of $108,000; and paying Plateau $1,000,000 in four equal staged payments upon completion of a positive feasibility study on the property.

Century Cobalt’s, acreage, known as the “Emperium Cobalt Project,” as noted above totals 12,980 Acres / 5,625 Hectares, making it larger than the combined land claims of the 5 largest publicly traded companies currently active in the Idaho Cobalt Belt. The project is located approximately 16 miles (26 km) southwest of Salmon, Idaho. As of March 2020, the Company’s land position has been reduced to 694 claims.

On March 17, 2021 we executed on an opportunity to expand our asset base and change our strategic focus. Pursuant to this, the company, together with Block Commodities Limited, it entered into an option agreement to acquire 70 percent interest (the “Acquisition”) in a Medicinal Cannabis license granted to Magnus Cannabis Group (Private) Limited (“Magnus”) by the government of Zimbabwe. Block Commodities Ltd. is listed on the Aquis Stock Exchange, trading with ticker code BLCC.PL (“BLCC”).

The acquiring parties will each hold 35 percent. The stake in the Magnus license, will secure supply of medicinal grade cannabis for the production of Nutraceuticals.

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The option is for an exclusivity period of 90 days to complete the Acquisition. On June 15, 2021, the option was extended to August 31, 2021 and not renewed pending further negotiations. As of October 20, 2021, the acquisition has not been completed. The proposed terms of the Acquisition are as follows:

	•	Payment of an option fee of £50,000 (approximately $69,000) to acquire land and a cannabis license fee in Zimbabwe, to be apportioned equally between the acquiring parties, and

	•	Payment by BLCC of £1,500,000 (approximately $2,095,000) through the issue of 2,142,857,142 fully paid ordinary shares in BLCC (calculated at 0.07p per share) upon exercise of the option, and contemporaneously the payment by CCOB of £1.5m of CCOB fully paid ordinary shares, price based on a 30-day VWAP (using the US$/GB£ closing middle market exchange rate published by Bloomberg on the day immediately prior to completion).

The Company paid the entire option fee on July 22, 2021 for £50,000 (approximately $69,000) pending the completion of the acquisition negotiations.

We believe that this opportunity will enhance shareholder value over the longer term.

Given the foregoing, we had been exploring further options regarding the monetization of its Emperium Cobalt Project, which may include the sub-licensing or sale of the assets. Further to these efforts, on March 17, 2021, we signed an MOU and entered into discussions with UK-based Technology Minerals Limited (“Technology Minerals”) for Technology Minerals to acquire the Company’s entire interest (“the assets”) in the Emperium Cobalt Project.

Technology Minerals is comprised of mining assets and a major recycling group, laying the foundations for the UK’s first meaningful green circular economy in the battery industry and is currently in the process of becoming a UK-listed Company on the Standard List of the London Stock Exchange, by way of a Reverse Take Over.

Technology Minerals will extract the raw materials required for Li-ion Battery cathodes and then help solve the ecological issue of spent Li-ion batteries by recycling them for reuse by battery manufacturers.

To date, as noted herein, Century Cobalt has focused on exploring and developing its large Emperium Cobalt Project to take advantage of the growing demand for secure, domestic cobalt supplies, but the Directors believe that a sale of its assets to Technology Minerals represents an attractive and quicker route to monetize the Project.

On September 14, 2021, the Company signed a share purchase agreement to sell the assets of Emperium 1 Holdings Corp to Technology Minerals PLC, a related party. Technology Minerals PLC become new UK public company during the three months ended August 31, 2021. The Company will be issued 420,000,000 unregistered shares (0.001£ par value) of Technology Minerals PLC common stock. The Company estimates it will own approximately 35% of the outstanding shares of Technology Minerals PLC.

If the negotiations are successful and the sale of the Project is completed, the Company will change its strategic direction and focus on the above noted medicinal cannabis license opportunity in ~~respect of new business lines, we have not yet consummated any transactions or started any new commercial activities.~~

partnership with its UK listed partner, Block Commodities Limited.

Results of Operations

~~Three Months~~

For the three months Ended August 31, ~~2017~~2021 Compared to the ~~Three Months~~three months Ended August 31, ~~2016~~

We had a net loss of $12,030 for the three month period ended August 31, 2017, which was $3,046 more than the net loss of $8,984 for the three month period ended August 31, 2016. The change in our results over the two periods is a result of an increase in accounting and legal fees, Transfer agent and filing fees, general and administrative expenses and an increase in interest expense.

~~The following table summarizes key items of comparison and their related increase (decrease) for the three month periods ended August 31, 2017 and August 31, 2016:~~

Three Months
Ended
August 31, 2017

Three Months
Ended
August 31, 2016

Change Between
Three Month
Periods Ended
August 31, 2017 and
August 31, 2016

Accounting and legal $ 3,707 $ 3,251 $ 456
Transfer agent and filing fees 1,410 960 450
General and administrative 413 - 413
Interest/Other income (expense) (6,500 ) (4,773 ) 1,727
Net loss $ (12,030 ) $ (8,984 ) $ 3,046
~~Nine Months Ended August 31, 2017 Compared to the nine Months Ended August 31, 2016~~
We had a net loss of $41,175 for the nine month period ended August 31, 2017, which was $8,696 less than the net loss of $49,871 for the nine month period ended August, 2017. The change in our results over the two periods is a result of a decrease in consulting fees, offset by an increase in accounting and legal fees, transfer agent and filings fees, general and administrative expenses and interest expenses.
~~The following table summarizes key items of comparison and their related increase (decrease) for the nine month periods ended August 31, 2017 and August 31, 2016:~~

Nine Months
Ended
August 31, 2017

Nine Months
Ended
August 31, 2016

Change Between
Nine Month
Periods Ended
August 31, 2017 and
August 31, 2016

Accounting and legal $ 14,056 $ 14,035 $ 21
Consulting fees - 21,277 (21,277 )
Transfer agent and filing fees 7,871 5,674 2,197
General and administrative 505 156 349
Interest/Other income (expense) 18,743 8,729 10,014
Net loss $ 41,175 $ 49,871 $ 8,696

2020

Revenue

We have not earned any revenues since our inception and we do not anticipate earning revenues in the upcoming quarter.

Net loss

We had a net loss of $246,575 for the three-month period ended August 31, 2021 which was $65,837 higher than the net loss of $180,738 for the three-month period ended August 31, 2020. The change in our net loss over the two periods are primarily a result of an approximate $92,000 increase in consulting fees primarily from the issuance of the Company’s common stock to our CEO and former COO for service to the Company, an approximate $14,000 increase in exploration fees for potential mining operations, an approximate $11,000 increase in professional fees for our SEC reporting requirements and a potential acquisition and an approximate $4,000 increase in interest expense from our notes payable, offset by an approximate $47,000 decrease in foreign exchange adjustments and an approximate $8,000 decrease in general administrative expenses from lower rent expense.

For the nine months Ended August 31, 2021 Compared to the nine months Ended August 31, 2020

Revenue

We have not earned any revenues since our inception and we do not anticipate earning revenues in the upcoming quarter.

Net loss

We had a net loss of $658,993 for the nine-month period ended August 31, 2021 which was $197,718 higher than the net loss of $461,275 for the nine-month period ended August 31, 2020. The change in our net loss over the two periods are primarily a result of an approximate $123,000 increase in consulting fees primarily from the issuance of the Company’s common stock to the Company’s CEO and former COO for service to the Company, an approximate $35,000 increase in exploration fees for potential mining operations, an approximate $34,000 increase in professional fees for our SEC reporting requirements and a potential acquisition, an approximate $15,000 increase in foreign exchange adjustments and an approximate $5,000 increase in interest expense from our notes payable, offset by an approximate $14,000 decrease in general administrative expenses from lower rent expense, OTC market fees and supplies expenses.

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Liquidity and Capital Resources

Our balance sheet as of August 31, ~~2017~~2021 reflects current assets of ~~$884.~~$24,116. We had cash ~~in the amount~~ of ~~$884~~$7,619 and a working capital deficit ~~in the amount~~ of ~~$542,342~~$1,520,331 as of August 31, ~~2017.~~2021. We do not have sufficient working capital to enable us to carry out our stated plan of operation for the next twelve months.

~~Working Capital~~

At
August 31, 2017

At
November 30, 2016

Current assets $ 884 $ 592
Current liabilities 543,226 501,759
Working capital $ (542,342 ) $ (501,167 )

We anticipate generating losses and, therefore, may be unable to continue operations further in the future.

Cash Flows

Nine Months Ended
August 31, 2017 August 31, 2016

Net cash (used in) operating activities $ (25,708 ) $ (27,019 )
Net cash provided by (used in) financing activities 26,000 29,000
Net (decrease) in cash during period $ 292 $ 1,981

Operating Activities

Net cash used in operating activities during the nine months ended August 31, ~~2017~~2021 was ~~$25,708,~~$232,967, a ~~decrease of $1,311~~$108,925 increase from the ~~$27,019~~$136,274 net cash outflow during the nine months ended August 31, ~~2016.~~

2020 as a result of the Company’s increased activity for our SEC reporting cost and a potential acquisition.

Investing Activities

~~Our company had no~~

Net cash used in investing activities during the nine months ended August 31, ~~2017 and~~2021 was $68,815 from the $-0- net cash outflow during the nine months ended August 31, ~~2016.~~

2020 as a result of the Company’s purchase of an option to acquire land and a cannabis license in Zimbabwe.

Financing Activities

Cash ~~used in~~provided by financing activities during the nine months ended August 31, ~~2017~~2021 was ~~$26,000 as compared to $29,000~~$289,919, a $169,874 increase from $120,045 in cash provided by financing activities during the nine months ended August 31, ~~2016.~~

2020 from a related party promissory note payable and a convertible note payable during the nine months ended August 31, 2021 and two stock subscription and convertible notes payable during the nine months ended August 31, 2020.

We estimate that our operating expenses and working capital requirements for the ~~next~~ 12 months ended August 31, 2022 to be as follows:

Estimated Net Expenditures During The Next Twelve Months

General and administrative expenses $ 14,000
Professional fees 10,000
Total $ 24,000

~~To date we have relied on proceeds from~~

Expense	Cost

General and administrative expenses	$	25,000
Management and administrative costs	$	300,000
Legal Fees	$	10,000
Auditor Fees	$	15,000
Exploration	$	150,000
Total	$	500,000

Of the ~~sale of our shares in order to sustain our basic, minimum operating expenses; however, we cannot guarantee~~$500,000 that we ~~will secure any further sales of our shares. We estimate that~~require for the ~~cost of maintaining basic corporate operations (which includes the cost of satisfying our public reporting obligations) will be approximately $2,000 per month. Due to our current~~next 12 months, we had $7,619 in cash ~~position of approximately $884~~ as of August 31, ~~2017,~~2021 and a working capital deficit of $1,520,331. In order to improve our liquidity, we ~~estimate~~plan to pursue additional equity or debt financing from private investors or possibly a registered public offering. We do not currently have any definitive arrangements in place for the completion of any further financings and there is no assurance that we ~~do not have sufficient cash~~will be successful in completing any further financings. If we are unable to ~~sustain~~achieve the necessary additional financing, then we plan to reduce the amounts that we spend on our ~~basic operations for~~business activities and administrative expenses in order to be within the ~~next twelve months.~~

amount of capital resources that are available to us.

We are not aware of any known trends, demands, commitments, events or uncertainties that will result in or that are reasonably likely to result in our liquidity increasing or decreasing in any material way.

Future Financings

We anticipate continuing to rely on equity sales of our common stock in order to continue to fund our business operations. Issuances of additional shares will result in dilution to our existing stockholders. There is no assurance that we will achieve any additional sales of our equity securities or arrange for debt or other financing to fund our planned business activities.

We presently do not have any arrangements for additional financing for the expansion of our exploration operations, and no potential lines of credit or sources of financing are currently available for the purpose of proceeding with our plan of operations.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, and capital expenditures or capital resources that are material to stockholders.

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Critical Accounting Policies

Please refer to Note 2 - Summary of Significant Accounting ~~Basis~~

~~Our company uses the accrual basis of accounting and accounting principles generally accepted~~Policies in the ~~United States of America ("GAAP" accounting). Our company has adopted a November 30 fiscal year end.~~

~~Cash and Cash Equivalents~~

Our company considers all highly liquid investments with maturities of three months or less to be cash equivalents. At August 31, 2017 and August 31, 2016, respectively, we had $884 and $592 of unrestricted cash to be used for future business operations.

Our company's bank accounts are deposited in insured institutions. The funds are insured up to $250,000. At times, our company's bank deposits may exceed the insured amount. Management believes that it has little risk relatedaccompanying Notes to the ~~excess deposits.~~

~~Concentrations of Credit Risk~~

Our company maintains our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. Our company continually monitors our banking relationships and consequently has not experienced any losses in such accounts. Our company believes we are not exposed to any significant credit risk on cash and cash equivalents.

~~Stock-based Compensation~~

~~Our company accounts for employee stock-based compensation in accordance with the guidance of ASC Topic 718,~~ ~~Compensation - Stock Compensation~~ which requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on their fair values. There has been no stock-based compensation issued to employees.

~~Our company follows ASC Topic 505-50, formerly EITF 96-18, "Accounting for Equity Instruments that are Issued to Other than Employees for Acquiring, or in Conjunction with Selling Goods and Services~~," for stock options and warrants issued to consultants and other non-employees. In accordance with ASC Topic 505-50, these stock options and warrants issued as compensation for services provided to our company are accounted for based upon the fair value of the services provided or the estimated fair market value of the option or warrant, whichever can be more clearly determined. The fair value of the equity instrument is charged directly to compensation expense and additional paid-in capital over the period during which services are rendered.

~~Income Taxes~~

A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. It is our company's policy to classify interest and penalties on income taxes as interest expense or penalties expense. As of August 31, 2017, there have been no interest or penalties incurred on income taxes.

~~Use of Estimates~~

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

~~Revenue Recognition~~

Our company is in the exploration stage and has yet to realize revenues from operations. Once our company has commenced operations, we will recognize revenues when delivery of goods or completion of services has occurred provided there is persuasive evidence of an agreement, acceptance has been approved by our customers, the fee is fixed or determinable based on the completion of stated terms and conditions, and collection of any related receivable is probable.

~~Basic Income (Loss) Per Share~~

Basic income (loss) per share is calculated by dividing our company's net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing our company's net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity.

~~Office Lease~~

~~Our principal office is located at 1031 Railroad St., Ste 102B, Elko, NV USA and is provided to us at no cost.~~

Consolidated Financial Statements.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

As a “smaller reporting company”, we are not required to provide the information required by this Item.

Item 4. Controls and Procedures

Management’s Report on Disclosure Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, and that such information is accumulated and communicated to our management, including our president (our principal executive officer, principal financial officer and principle accounting officer) to allow for timely decisions regarding required disclosure.

As of the end of the quarter covered by this report, we carried out an evaluation, under the supervision and with the participation of our president (our principal executive officer, principal financial officer and ~~principle~~principal accounting officer), of the effectiveness of the design and operation of our disclosure controls and procedures. Based on the foregoing, our president (our principal executive officer, principal financial officer and ~~principle~~principal accounting officer) concluded that our disclosure controls and procedures were not effective as of the end of the period covered by this quarterly report.

Changes in Internal Control Over Financial Reporting

During the period covered by this report there were no changes in our internal control over financial reporting that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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PART II - OTHER INFORMATION

Item 1. Legal Proceedings

We know of no material, existing or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, executive officers or affiliates, or any registered or beneficial stockholder, is an adverse party or has a material interest adverse to our interest.

Item 1A. Risk Factors

~~As a “smaller reporting company”, we are not required to provide~~

We incorporate by reference the ~~information required by this Item.~~

risk factors disclosed in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended November 30, 2020 as filed with the SEC on June 16, 2021.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

~~None.~~

On August 1, 2018, the Company granted 1,000,000 unregistered common shares, at $0.04 per share, valued at $40,000, to the Company’s president pursuant to a consulting agreement for annual share compensation. The Shares were issued to the Company’s president on March 18, 2021.

On February 1, 2019, the Company granted 250,000 at $0.147 per share, valued at $36,750, unregistered common shares pursuant to a consulting agreement for the former Company’s Chief Operating Officer (COO). As of October 20, 2021, the shares have not been issued to the former COO.

On April 1, 2019, the Company granted 163,132 at $0.1226 per share, valued at $20,000, unregistered common shares as per an option agreement to explore and evaluate the battery materials in South Dakota. See Note 5. As of October 20, 2021, the shares have not been issued to the individual.

On June 5, 2019, the Company entered into an agreement with a consultant to provide finance and accounting services to the Company. The Consultant is compensated with a combination of cash and unregistered shares of the Company’s common stock. In addition, the consultant was granted 50,000 shares of the Company’s common stock valued at $4,990 or .0998 per share. As of October 20, 2021, the consultant has earned an aggregate of 546,224 shares valued at $15,932 or $0.0292 per share. As of October 20, 2021, the shares have not been issued to the consultant.

On August 1, 2019, the Company granted 1,000,000 unregistered common shares, at $0.0975 per share, valued at $97,500, to the Company’s president pursuant to a consulting agreement for annual share compensation. The Shares were issued to the Company’s president on March 18, 2021.

On August 1, 2019, the Company granted 250,000 at $0.0975 per share, valued at $24,375, unregistered common shares for services to the Company for the former Company’s Chief Operating Officer (COO). As of October 20, 2021, the shares have not been issued to the Company’s former COO.

On October 8, 2019, the Company issued a stock subscription for 120,000 unregistered shares of the Company’s common stock to an investor. The shares were valued at $5,980 or $0.05 per share. The subscription amount was funded on October 9, 2019. The shares were issued to the investor on April 27, 2020. The Company used the proceeds for working capital.

On December 23, 2019, the Company issued a stock subscription for 912,310 unregistered shares of the Company’s common stock to an investor. The shares were valued at $45,616 or $0.05 per share. The subscription amount was funded on December 24, 2019. The shares were issued on May 21, 2021 to the investor. The Company used the proceeds for working capital.

On February 3, 2020, the Company issued a stock subscription for 2,174,545 unregistered shares of the Company’s common stock to an investor. The shares were valued at $59,800 or $0.0275 per share. The subscription amount was funded on February 7, 2020. The shares were issued on May 21, 2021 to the investor. The Company used the proceeds for working capital.

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On August 1, 2020, the Company granted 1,000,000 unregistered common shares, at $0.0186 per share, valued at $18,600, to the Company’s president pursuant to a consulting agreement for annual share compensation. The shares were issued on May 21, 2021 to the Company’s president.

On January 11, 2021, the Company issued a stock subscription for 176,966 unregistered shares of the Company’s common stock to pay a past due balance from one of the Company’s vendors. The shares were valued at $5,309 or $0.03 per share. The shares were issued to the vendor on April 19, 2021.

On May 21, 2021, the Company awarded 1,750,000 unregistered common shares, at $0.0231 per share, valued at $45,425, to the Company’s former COO as a bonus for services to the Company. The shares were issued on May 21, 2021 to the Company’s former COO.

On August 4, 2021, the Company issued 11,079,939 shares of the Company’s common stock to convert $332,398 of principal and interest or $0.03 per share to fully satisfy a convertible promissory note dated August 14, 2019.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

~~On August 11, 2017, our Company accepted the resignation of KLJ & Associates, LLP as the Company’s independent registered public accounting firm.~~

The reports of KLJ & Associates, LLP on our financial statements as of and for the fiscal years ended November 30, 2016 and 2015 contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principle except to indicate that there was substantial doubt about our ability to continue as a going concern.

During the fiscal years ended November 30, 2016 and 2015 and through August 11, 2017, there have been no disagreements with KLJ & Associates, LLP on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements if not resolved to the satisfaction of KLJ & Associates, LLP would have caused them to make reference thereto in connection with their report on the financial statements for such years.

~~On August 11, 2017 the Company engaged Michael Gillespie & Associates PLLC as its new independent registered public accounting firm.~~

~~Item 6. Exhibits~~

None.

~~Exhibit~~ ~~Number~~		~~Description~~

~~(3)~~22

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Item 6. Exhibits

Exhibit Number		Description

(3)		(i) Articles of Incorporation; (ii) By-laws

3.1		Articles of Incorporation (Incorporated by reference to our Registration Statement filed on Form S-1 on February 25, 2009).

3.2		By-laws (Incorporated by reference to our Registration Statement filed on Form S-1 on February 25, 2009)

3.3		Certificate of Amendment (Incorporated by reference to our Registration Statement filed on Form S-1 on February 25, 2009).

3.4		Articles of Merger (Incorporated by reference to our Current Report filed on Form 8-K on July 15, 2010).

3.5		Certificate of Change (Incorporated by reference to our Current Report filed on Form 8-K on July 15, 2010).

~~(10)~~ 3.6		~~Material Contracts~~

~~10.1~~		~~Property Option Agreement between our company and All American Resources LLC with respect to the Mountain City claim dated November 26, 2010~~ Articles of Merger (Incorporated by reference to our Current Report filed on Form 8-K on ~~December 21, 2010)~~June 25, 2018).

~~10.2~~ (10)		Property Option Agreement between our company and All American Resources LLC with respect to the Eagan Canyon claim dated November 26, 2010 (Incorporated by reference to our Current Report filed on Form 8-K on December 21, 2010). Material Contracts

~~10.3~~ 10.1		Property Option Agreement between our company and All American Resources LLC with respect to the Muncy Creek claim dated November 26, 2010 (Incorporated by reference to our Current Report filed on Form 8-K on December 21, 2010).

~~10.4~~		Mining Lease and Option to Purchase Agreement between our company, Pyramid Lake LLC and Anthony A. Longo dated April 15, 2011 (Incorporated by reference to our Current Report filed on Form 8-K on May 17, 2011).

~~10.5~~		~~License and Assignment Agreement between Thomas J. Menning and our company dated September 16, 2011(incorporated by reference to our Current Report filed on Form 8-K on October 14, 2011).~~

~~10.6~~		2011 Stock Option Plan (incorporated by reference to our Current Report filed on Form 8-K on November 14, 2011).

~~10.8~~ 10.2		Foxglove Promissory Note dated June 28, 2015 (incorporated by reference to our Quarterly Report filed on Form 10-Q on October 14, 2015).

~~10.9~~ 10.3		$7,000 Convertible Promissory Note dated October 15, 2015 issued to Consorcio Empresarial Vesubio SA (incorporated by reference to our Quarterly Report filed on Form 10-Q on October 14, 2015).

~~(31)~~ 10.4		~~Rule 13a-14(a) / 15d-14(a) Certifications~~ Assignment Agreement dated effective August 7, 2018 between Oriental Rainbow Group Ltd. and Century Cobalt Corp. (incorporated by reference to our Current Report filed on Form 8-K on August 14, 2018).

31.1* 10.5		Consulting Agreement with Alexander Stanbury, dated September 14, 2018. (Incorporated by reference to Exhibit 10.10 to our Quarterly Report filed on Form 10-Q on October 22, 2018).

10.6		Consulting Agreement with Lester Kemp, dated September 11, 2018. (Incorporated by reference to Exhibit 10.11 to our Quarterly Report filed on Form 10-Q on October 22, 2018).

10.7		On September 14, 2019, the Company entered a consulting agreement with Mathew McGahan for Business Development including other management advisory services (incorporated to our Annual Report filed on Form 10-K/A on May 11, 2021).

31.1*		Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer.

(32)		Section 1350 Certifications

32.1*		Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer.

101*		Interactive Data File
101.INS ~~101.SCH~~ ~~101.CAL~~ ~~101.DEF~~ ~~101.LAB~~ ~~101.PRE~~		Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document).
101.SCH		Inline XBRL Taxonomy Extension Schema ~~Document~~ Document.
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase ~~Document~~ Document.
101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase ~~Document~~ Document.
101.LAB		Inline XBRL Taxonomy Extension ~~Label~~Labels Linkbase ~~Document~~ Document.
101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase ~~Document~~Document.
104		Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101).

* Filed ~~herewith~~

herewith.

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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

			~~FIRST AMERICAN SILVER~~ CENTURY COBALT CORP.
			(Registrant)

Dated: October 20, 2021	By:	/s/ Alexander Stanbury
~~Dated: October 13, 2017~~		Alexander Stanbury
		~~Brian Goss~~
		President, Chief Executive Officer, Treasurer, Secretary and Director
		(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)

Nevada		98-0579157
(State or other jurisdiction of incorporation or organization)		(~~IRS~~I.R.S. Employer Identification No.)

~~1031 Railroad St.~~ 10100 Santa Monica Blvd., ~~Ste 102B, Elko, NV 89801 USA~~Suite 300, Century City, Los Angeles, CA		~~89801~~ 90067
(Address of principal executive offices)		(Zip Code)

Title of each class	Trading Symbol(s)	Name of exchange on which registered
Common Stock	CCOB	OTC Pink
Preferred Stock	N/A	N/A

Large accelerated filer	~~[ ]~~ ☐	~~Accelerated~~ Non-accelerated filer	~~[ ]~~ ☒
~~Non-accelerated~~ Accelerated filer	~~[ ]~~ ☐	Smaller reporting company	~~[X]~~ ☒
~~(Do not check if a smaller reporting company)~~		Emerging growth company	~~[ ]~~ ☐

~~Nevada~~		~~98-0579157~~ CENTURY COBALT CORP.
(Exact name of registrant as specified in its charter)

PART I - FINANCIAL INFORMATION

Item 1.	Financial Statements	3	4

Item 2.	~~Management's~~ Management’s Discussion and Analysis of Financial Condition and Results of Operations	10	17

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	14	20

Item 4.	Controls and Procedures	14	20

PART II - OTHER INFORMATION

Item 1.	Legal Proceedings	15	21

Item 1A.	Risk Factors	15	21

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	15	21

Item 3.	Defaults Upon Senior Securities	15	22

Item 4.	Mine Safety Disclosures		22

Item 5.	Other Information		22

Item 6.	Exhibits		23

SIGNATURES			24

	August 31, 2017			November 30, 2016
ASSETS

Current Asset
Cash	$	884		$	592
Total Current Assets		884			592

Other Asset
Reclamation bond		591			591
Total Other Assets		591			591

Total Assets	$	1,475		$	1,183

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)

Current Liabilities
Accounts payable	$	160,183		$	163,459
Accrued expenses		32,460			13,717
Due to related party		26,717			26,717
Notes payable – current portion		323,866			297,866

Total Liabilities		543,226			501,759

Stockholders’ Equity (Deficit)
Preferred stock, par value $0.001, 20,000,000 shares authorized, no shares issued and outstanding		-			-
Common stock, par value $0.001, 3,500,000,000 shares authorized, 62,892,211 shares issued and outstanding (2016 - 62,892,211)		62,892			62,892
Additional paid-in capital		1,169,618			1,169,618
Common stock payable		15,120			15,120
Accumulated deficit		(1,789,381	)		(1,748,206	)
Total Stockholders’ Equity (Deficit)		(541,751	)		(500,576	)

Total Liabilities and Stockholders' Equity (Deficit)	$	1,475		$	1,183

	Three Months Ended August 31, 2017			Three Months Ended August 31, 2016			Nine Months Ended August 31, 2017			Nine Months Ended August 31, 2016

REVENUES	$	-		$	-		$	-		$	-

OPERATING EXPENSES
Accounting and legal		3,707			3,251			14,056			14,035
Consulting fees		-			-			-			21,277
Transfer agent and filing fees		1,410			960			7,871			5,674
General and administrative		413			-			505			156
TOTAL OPERATING EXPENSES		5,530			4,211			22,432			41,142

LOSS FROM OPERATIONS		(5,530	)		(4,211	)		(22,432	)		(41,142	)

OTHER INCOME (EXPENSES)
Other income		-			-			-			6,850
Interest expense		(6,500	)		(4,773	)		(18,743	)		(15,579	)
TOTAL OTHER INCOME (EXPENSE)		(6,500	)		(4,773	)		(18,743	)		(8,729	)

INCOME (LOSS) BEFORE PROVISION FOR INCOME TAX		(12,030	)		(8,984	)		(41,175	)		(49,871	)

PROVISION FOR INCOME TAX		-			-			-			-

NET INCOME (LOSS)	$	(12,030	)	$	(8,984	)	$	(41,175	)	$	(49,871	)

LOSS PER SHARE: BASIC AND DILUTED	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)

WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED		62,806,567			62,819,882			62,806,567			62,601,676

	Nine Months Ended August 31, 2017			Nine Months Ended August 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss for the period	$	(41,175	)	$	(49,871	)
Adjustments to Reconcile Net Loss to Net Cash Provided by (Used in) Operating Activities:
Stock issued for loan extension fees and services		-			13,777
Changes in operating assets and liabilities:
Prepaid expenses		-			2,068
Accounts payable		(3,276	)		(6,504	)
Accrued expenses		18,743			13,511
Net Cash Used in Operating Activities		(25,708	)		(27,019	)

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from notes payable		26,000			29,000
Net Cash Used in Financing Activities		26,000			29,000

Net Increase (Decrease) in Cash and Cash Equivalents		292			1,981
Cash and Cash Equivalents, Beginning of Period		592			-

Cash and Cash Equivalents, End of Period	$	884		$	1,981

SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income taxes	$	-		$	-
Cash paid for interest	$	-		$	-

Date of Note	Note Amount		Interest Rate			Maturity Date	Collateral	Interest Accrued

May 1, 2016	$	292,866		8	%	May 1, 2017 (default)	None	$	31,260
October 20, 2016	$	5,000		8	%	October 20, 2017	None	$	345
January 9, 2017	$	9,000		8	%	January 9, 2018	None	$	461
April 24, 2017	$	10,000		8	%	April 24, 2018	None	$	282
June 19, 2017	$	7,000		8	%	June 19, 2018	None	$	112
Total	$	323,866						$	32,460

Balance, November 30, 2016	$	297,866
Borrowings		26,000
Balance, August 31, 2017	$	323,866

	Three Months Ended August 31, 2017			Three Months Ended August 31, 2016			Change Between Three Month Periods Ended August 31, 2017 and August 31, 2016

Accounting and legal	$	3,707		$	3,251		$	456
Transfer agent and filing fees		1,410			960			450
General and administrative		413			-			413
Interest/Other income (expense)		(6,500	)		(4,773	)		1,727
Net loss	$	(12,030	)	$	(8,984	)	$	3,046

	Nine Months Ended August 31, 2017		Nine Months Ended August 31, 2016		Change Between Nine Month Periods Ended August 31, 2017 and August 31, 2016

Accounting and legal	$	14,056	$	14,035	$	21
Consulting fees		-		21,277		(21,277	)
Transfer agent and filing fees		7,871		5,674		2,197
General and administrative		505		156		349
Interest/Other income (expense)		18,743		8,729		10,014
Net loss	$	41,175	$	49,871	$	8,696

	At August 31, 2017			At November 30, 2016

Current assets	$	884		$	592
Current liabilities		543,226			501,759
Working capital	$	(542,342	)	$	(501,167	)

	Nine Months Ended
	August 31, 2017			August 31, 2016

Net cash (used in) operating activities	$	(25,708	)	$	(27,019	)
Net cash provided by (used in) financing activities		26,000			29,000
Net (decrease) in cash during period	$	292		$	1,981

General and administrative expenses	$	14,000
Professional fees		10,000
Total	$	24,000