Formation Metals’ Earthworks Contractor Mobilizing Equipment for Idaho Cobalt Mine Construction

Formation Metals Inc. (TSX:FCO) announced an update to its subsidiary’s work at the Idaho Cobalt mine.

The press release is quoted as saying:

As a result of advancements in engineering, procurement and construction on the ICP, JDS, in conjunction with the Company’s in-house operations team, has updated and revised the estimated capitalization expenditures for the ICP from *US$138.7 million to US$141.9 million.

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