(TheNewswire)
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Jervois celebrates the official opening of its IdahoCobalt Operations ( ICO ”) mine site with U.S. Federal and Stategovernment representatives and the Australian Ambassador to the UnitedStates in attendance
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ICO commissioning is commencing with full nameplatecapacity expected by the end of Q1 2023
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Once fully commissioned ICO will be the only primarycobalt mine in the United States
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ICO’s opening represents a significant milestone forthe secure supply of this critical mineral to the U.S.
TheNewswire - Jervois Global Limited (“ Jervois ” or the“ Company ”) (ASX:JRV) (TSXV:JRV) (OTC:JRVMF) will officially openits Idaho Cobalt Operations (“ ICO ”) mine site near Salmon, Idaho in theUnited States (the “ U.S. ”) on Friday 7 October 2022. The mineis commencing a commissioning phase during October, with equipmentundergoing final completion testwork ahead of continuous commercialconcentrate production expected across Q4 2022. Full nameplatecapacity remains expected by the end of Q1 2023.
Once it is fully commissioned, ICO will be the onlyprimary cobalt mine in the U.S. and will produce a cobalt concentrate,which will be refined into the critical metal necessary for electricvehicles, energy generation and distribution, defense and otherindustries. Cobalt will play a key role in the transition to a lowcarbon economy. Due to its many strategic applications andsignificant supply chain risks, cobalt is on the official U.S.Government list of critical minerals and has been front and center inall U.S. Government strategies in this area in recent years, includingthe Biden Administration’s 100-Day Review of critical U.S. supplychains (June 2021).
Jervois will mark the occasion with a ceremony at theICO mine site to be attended by its Board of Directors, U.S. andAustralian political figures and signatories including Idaho GovernorMr. Brad Little; the Australian Ambassador to the U.S., the Hon.Arthur Sinodinos AO; Under Secretary for Science and Innovation at theU.S. Department of Energy, Dr. Geri Richmond; and the Deputy AssistantSecretary for Textile, Consumer Goods and Materials, U.S. Departmentof Commerce, Ms. Jennifer Knight.
The ceremony will take place at 8,100 feet, surroundedby the Salmon Challis National Forest, which is managed by Jervois’regulator, the U.S. Forest Service. Jervois acknowledges thehistorical role of the Shoshone-Bannock and Nez Perce Tribes on thelands. Jervois’ strategy at ICO through each of development,upcoming mine operations and, in future years, rehabilitation, is toensure that Idaho’s pristine natural environment, including itswaterways, wilderness and air quality, remain protected. Jervois’sESG policies and standards are being implemented in Idaho,underpinning its strategy to become a leading global supplier ofresponsibly sourced battery minerals product. Jervois is proud to becommissioning ICO to expand the existing U.S. cobalt market positionof sales of cobalt from Jervois Finland into the U.S.. ICO inoperation will advance the Company’s strategy of becoming a supplierto the U.S. auto industry in establishing a competitive and securebattery minerals supply chain.
Jervois is grateful for the support of national, stateand local leaders, as well as the Salmon and Challis communities,construction partners, and our Idaho work force, for all supportingthis important milestone.
On behalf of Jervois Global Limited,
Bryce Crocker, CEO
For further information, please contact:
Investors and analysts: James May Chief Financial Officer Jervois Global | Media: Nathan Ryan NWR Communications nathan.ryan@nwrcommunications.com.au Mob: +61 420 582 887 |
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in policies ofthe TSX Venture Exchange) accepts responsibility for the adequacy oraccuracy of this release.
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