Bloomberg Businessweek reported that Formation’s (TSX:FCO) Idaho cobalt mine has resumed operations following a wildfire.
The market news is quoted as saying:
Formation Capital Corp. announced the U.S. Forest Service had authorized access to its Idaho Cobalt Project, provided workers held to certain conditions including riding into the site via a convoy and driving less than 25 miles per hour.
|Formation Metals Inc. (TSX:FCO,OTCQX:FMETF) primary asset, located in the mining friendly state of Idaho, is the 100% owned, Idaho Cobalt Project. The ICP is a unique, high grade, primary cobalt deposit which is comprised of the mine and mill site and the proposed refining facility, the Cobalt Production Facility, a stand-alone hydrometallurgical facility that will process the ICP Mine concentrates into cobalt sulfate, copper sulfate, copper concentrate, magnesium sulfate and gold. Connect with FCO to get their latest news instantly.|