Idaho Miners Resume Work, Had Been Chased by Fire

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.

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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 Formation Metals to get their latest news instantly.

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