Jervois delivers first blast at its Idaho cobalt operations

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(Kitco News) - Jervois Global (TSX-V: JRV) todayannounced that underground construction of its 100%-owned Idaho CobaltOperations ("ICO") in the state of Idaho, United States, has commenced.

"This historic step marks thefirst time in decades that the United States will have a primary cobalt minewithin its borders. With Jervois's commencement of underground work, the UnitedStates has taken an important leap forward toward a secure cobalt supply chain,"the company said in its statement.

Jervois added that during thelast quarter, it has conducted portal bench construction and extension work toenable development of the mine to start in Q4 2021.

ICO construction, procurementand engineering schedule remains on track, with commissioning and firstproduction of cobalt concentrate expected from mid-2022, the company noted.

Importantly, Jervois pointedout that separate copper concentrates also expected to be produced and sold toNorth American customers in parallel, with current copper prices significantlyabove the US$3.00 per lb applied in the ICO BFS.

By Vladimir Basov

For Kitco News

Follow kitconewsnow vbasov@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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