Upper Salmon projects with Idaho Conservation League advanced

(TheNewswire)

Jervois Global Limited

May 17, 2022 TheNewswire - Jervois Global Limited (" Jervois " or the " Company ") (ASX:JRV) (TSXV:JRV) (OTC:JRVMF) is pleased to announce US$150,000 funding for three restoration projects through a partnership between 100% owned United States subsidiary Jervois Mining USA Limited and Idaho Conservation League (" ICL "), which is now in its second year.

ICL and Jervois created the Upper Salmon Conservation Action Program (" USCAP ") in March 2021 to support protection and restoration of fish and wildlife habitats, including water quality and biodiversity within the Upper Salmon River basin. Jervois is contributing US$150,000 to the USCAP partnership each year throughout the operational life of its Idaho Cobalt Operations (" ICO ") in Lemhi County, Idaho.

ICL and Jervois have reviewed 2022 funding applications, which led to a significant number of competitive applications for worthy environmental projects in the Upper Salmon River basin. As a result, the USCAP has awarded US$75,000 to the Idaho Department of Fish and Game towards a larger project in collaboration with the Salmon-Challis National Forest. The project aims to remove two problematic culverts blocking fish access to an important tributary of the Salmon River, which will allow Endangered Species Act (" ESA ") listed fish species back into a 10-mile section of prime river habitat.

USCAP also selected White Clouds Preserve (" WCP ") to receive US$60,000 funding to expand ongoing riparian restoration work initially funded by Jervois in USCAP's 2021 funding cycle (when the WCP received and spent US$35,000 on the same programs). The nonprofit manages 432 acres along the East Fork of the Salmon River, an important habitat for ESA-listed Chinook salmon, steelhead and bull trout.

In 2022, Western Rivers Conservancy (" WRC ") will receive US$15,000 from USCAP to assist with the acquisition of a key parcel of land along Panther Creek, a major tributary of the Salmon River.  This is on top of the US$30,000 donated for 2021, again also for land acquisition along Panther Creek.

Jervois' ICO is expected to commence production in Q3 2022 and reach sustainable commercial production by the end of December 2022. Once operational, it will be the only domestic United States' mine supply of cobalt.

The next call for proposals for the 2023 USCAP funding cycle will be announced in Q1 2023.

About Idaho Conservation League (ICL)

ICL is Idaho's leading voice for conservation — for the clean water, clean air, special places, and fish and wildlife that make Idaho's exceptional quality of life possible. ICL participates in collaborative projects and partnerships across the state to help develop and implement policies that help restore and sustain Idaho's clean air, clean water, public lands, fish and wildlife, and the communities that depend on them.

On behalf of Jervois Global Limited

Bryce Crocker, Chief Executive Officer

For further information, please contact:

Investors and analysts:

James May

Chief Financial Officer

Jervois Global

james.may@jervoisglobal.com

Media:

Nathan Ryan

NWR Communications

nathan.ryan@nwrcommunications.com.au

Mob: +61 420 582 887

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2022 TheNewswire - All rights reserved.

News Provided by TheNewsWire via QuoteMedia

JRV:CA,JRVMF
The Conversation (0)

Glencore's Lomas Bayas Partners with Ceibo to Accelerate Access to Clean Copper

Following a two-year study, Glencore to scale the use of Ceibo's sulfide leaching technology   that significantly improves copper recovery

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Arrows progressing in a downward fashion.

Cobalt Price Recovery Uncertain as Battery Chemistry Shifts Erode Demand

Cobalt market watchers are warning that a near-term resurgence in prices and demand may not occur.

Cobalt prices have spent most of 2024 on the decline, falling to lows not seen since 2016. Values for the electric vehicle (EV) battery metal have fallen 74 percent from highs set in 2022 (US$81,969.70 per metric ton).

Prices are now sitting at the US$23,383.80 per metric ton level, an eight year low.

Keep reading...Show less
Cobalt periodic symbol over map of the world.

Top 10 Cobalt Producers by Country (Updated 2024)

Battery metal cobalt has been in focus in recent years for its role in lithium-ion batteries, bringing attention to the top cobalt producing countries.

One of the metal’s main catalysts is the electric vehicle roll out. The lithium-ion batteries that power electric vehicles and energy storage require lithium, graphite and cobalt, among other raw materials, and demand for these important commodities is expected to keep rising as the shift toward clean technologies continues at a global scale.

Additionally, the metal is predominantly produced as a by-product of copper and nickel, two other metals that are important for the green transition.

However, supply growth in many of the battery metals has out scaled near-term demand, leading to a price pullback over the last two years. The cobalt market has trended downwards in 2024, with prices falling 10 percent from July to September.

Keep reading...Show less
Electric vehicle with world map behind it.

Cobalt Market Update: Q3 2024 in Review

A contraction continued in the cobalt market during the year's third quarter, with metal values falling from US$27,151.50 per metric ton (MT) on July 1 to US$24,299 by the end of September.

The 10 percent decline is part of a larger 16.56 percent year-to-date contraction.

“This quarter saw minimal pricing movements as the market experienced a prolonged period of low prices,” said Roman Aubry, cobalt pricing analyst at Benchmark Mineral Intelligence.

Keep reading...Show less
High Tech Metals Limited

Quarterly Activities Report and Appendix 5B for the Period Ending 30 September 2024

High-Tech Metals Limited (ASX: HTM) (High-Tech, HTM or the Company), a critical battery minerals exploration Company, is pleased to provide the following report on its activities for the Quarter ending 30 September 2024 (“Quarter”). The Company’s primary activities during the quarter were the desktop review of Werner Lake Project, Canada, (“Werner Lake”).

Keep reading...Show less

Sherritt Reports Third Quarter 2024 Results; Strong Operational Performance at Metals with Significant Improvements to Net Direct Cash Costs; Increased Available Liquidity in Canada

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×