Australia’s Jervois Mining has announced its board approved the full construction and development of its 100 per-cent-owned Idaho Cobalt Operations.
The latest move follows the “successful pricing and books closing of Jervois’ subsidiary’s offering of senior secured bonds to raise US$100 million, guaranteed by Jervois,” the miner said in a state-ment.
“Jervois expects to commence commercial concentrate production at ICO from mid-2022,” according to the statement.
The Australian company says that the properties upon which the mine and mill are situated in the U.S. National Forest lands are managed by the United States Forest Service.
“Jervois controls 100 percent of the unpatented mining claims overthis land, consisting of 313 unpatented lode mining claims,” ac-cording to the Australian business.
Jervois describes itself as a leading cobalt company with significant nickel and copper exposure and other activities.