(Kitco News) - Jervois Global (TSX-V: JRV) today announced it celebrates the official opening of its Idaho Cobalt Operations (ICO) mine site with U.S. Federal and State government representatives and the Australian Ambassador to the United States in attendance.
The mine is commencing a commissioning phase during October, with equipment undergoing final completion testwork ahead of continuous commercial concentrate production expected across Q4 2022. Full nameplate capacity remains expected by the end of Q1 2023.
The company said that once it is fully commissioned, ICO will be the only primary cobalt mine in the U.S. and will produce a cobalt concentrate, which will be refined into the critical metal necessary for electric vehicles, energy generation and distribution, defense and other industries.
"Jervois is proud to be commissioning ICO to expand the existing U.S. cobalt market position of sales of cobalt from Jervois Finland into the United States. ICO in operation will advance the company's strategy of becoming a supplier to the U.S. auto industry in establishing a competitive and secure battery minerals supply chain," it added.
Jervois is a vertically integrated cobalt development company developing a fully-integrated cobalt value chain, with significant nickel and copper exposure. The company has strong development stage assets, growth opportunities and exploration projects.
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