Formation Metals Inc. (TSE:FCO) reports an update on the status of its 100% owned Idaho cobalt mine and other recent corporate developments
The press release is quoted as saying:
The Company’s management, in-house and out sourced engineering, technical and administrative teams at the cobalt mine office in Salmon, Idaho, and at the hydrometallurgical complex in Kellogg, Idaho are in the process of integrating JDS Energy & Mining Inc.’s (“JDS”) (see Company’s January 6, 2011 news release) construction personnel into our operations.
Formation Metals’ President and CEO, Mari-Ann Green says:
We are pleased to see the Idaho Cobalt Project move towards the construction phase, with construction management services provided by JDS. We know there is more work ahead, but with the recent equity raise and a talented team working together, we fully expect to be in a position to break ground and start excavations once the snow line has retreated from the higher elevations.” “We are all looking forward to a very busy spring and summer.”