Make Kitco Your Homepage

Jervois says Idaho cobalt operations construction 'on schedule'

Kitco News

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - Jervois Global (TSX-V: JRV) today provided an update on construction progress at its Idaho cobalt operations in Idaho, United States, which, the company said, continues on schedule.

According to the company's statement, detailed engineering and procurement substantially advanced with commitments for more than 40 per cent of all equipment and material required for construction of Jervois' 100% owned Idaho cobalt operations ("ICO").

Jervois added that since its Board approval for full construction, the company has now committed more than US$30 million towards equipment, materials and labour costs for ICO.

Activity underway at ICO includes civil and concrete works for construction of the processing plant and preparation for underground mining. ICO construction, procurement and engineering schedule is on track, with commissioning and first production of cobalt concentrate from a mine in the United States in generations expected from mid-2022, the company noted.

Additionally, the company announced that it expands its São Miguel Paulista refinery bankable feasibility study scope to include a larger pressure oxidative autoclave, and that it plans to restart the refinery in a fully integrated single stage.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.