Department of Defense Signs Deal to Boost Cobalt Supply Chains
The U.S. Department of Defense (DoD), on June 15, entered into an agreement with the United States arm of Australian miner Jervois Global Limited to conduct feasibility studies to expand cobalt extraction in Idaho.
The $15 million funding agreement will enable Jervois Mining USA to undertake mineral resource drilling to expand currently known cobalt resources at its Idaho Cobalt Operations (ICO) and the adjacent Sunrise deposit.
The deal also allows Jervois Mining USA, a Nevada corporation based in Idaho, to undertake studies to assess the feasibility of a domestic cobalt refinery.
The agreement is being made through the Office of the Assistant Secretary for Industrial Base Policy, the principal adviser to the undersecretary of defense for acquisition and sustainment….