US funding kicks in for Jervois
PERTH (miningweekly.com) – ASX- and TSX-V-listed Jervois Global will accelerate exploration at its Idaho Cobalt Operations (ICO) and a bankable feasibility study (BFS) for a cobalt refinery in the US, as funding from the US government gets under way.
The company on Friday told shareholders it had entered into an agreement with the US Department of Defence (DoD), allowing the company to begin the work funded by the previously announced $15-million funding from the DoD awarded under the Manufacturing Capability Expansion and Investment Prioritization office.
The accelerated drilling programme at ICO will define and expand the project’s RAM deposit existing cobalt resources and, also potentially, delineate the adjacent Sunrise historic resource to modern geological standards.
Jervois in March suspended final construction at ICO on the back of low cobalt prices, and US inflationary impacts on construction costs. However, the company expected the cobalt prices to recover in the medium-term driven by the energy transition and the growing demand for cobalt.
Meanwhile, preparation for Jervois’ US refinery BFS will be expedited by benefitting from efficiencies provided by the company’s April decision to pivot to the US refinery BFS its efforts and work-in-progress on a cobalt refinery expansion BFS at Jervois Finland.
The BFS now being undertaken would be based on the flowsheet, engineering, environmental assessment and other BFS sections already developed by Jervois Finland and consulting firm AFRY Finland Oy for the expansion in capacity of Jervois’ Kokkola operations by 6 000 at/y of refined cobalt in sulphate.
The company would continue the BFS activities based on situating a 6 000 t/y cobalt refinery in the US, with the product to be exclusively sulphate to focus on demand growth in electric vehicles from American automakers.
Comments
Research Reports
Latest Multimedia
Showroom
Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...
VISIT SHOWROOM
Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
