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cobalt investing

Formation Metals Provides Construction Update on Idaho Cobalt Project

Investing News Network
Sep. 08, 2011 08:50AM PST
Battery Metals Investing

Formation Metals Inc. (TSE:FCO) reports on an update on the progress of construction being managed by JDS Energy & Mining (JDS) on the Idaho cobalt project.

Formation Metals Inc. (TSX:FCO) reports onĀ an update on the progress of construction being managed by JDS Energy & Mining (JDS) on the Idaho cobalt project.

The press release is quoted as saying:

The Power line contractor has been mobilized and has started demolishing the existing line and clearing the right of way for the new line. New power line poles are secured at the Company’s staging area outside the town of Salmon awaiting transportation to the mine site. The concrete supply and construction contract has been awarded with construction kick-off meetings scheduled for later this week. Dahle Construction is on site with the portal bench, concentrator and crusher pad under construction in preparation for concrete pouring. The topsoil stripping and storage stage of construction is complete at the Tailing Waste Storage Facility (ā€œTWSFā€), water management ponds, and wetland mitigation areas with construction continuing on these structures.

Ā Environmental Manager, Preston Rufe says:

ā€œOur first priority is the safety of our crews.ā€Ā ā€œThe fire is not expected to reach the project and is not considered a threat to any structures or equipment at this time. We are more concerned about the access roads to the project that lie at lower elevations and are more susceptible to fire exposure which could create a safety issue for workers using the limited ingress and egress to the mine site. Regardless, as an additional safeguard, heavy equipment has been moved to safe areas that include the center of the TWSF, which is a large cleared area encompassing tens of acres with no vegetation to act as fuel.ā€

Click here to access the entire news release.Ā 

Click here to access Formation’s company profile.(TSX:FCO)

cobalt investing tsx:fco formation metals
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