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"Cobalt is an essential metal in today's society used in a wide variety of applications, including the production of "green" energy and environmentally conscious products such as hybrid electric vehicles."
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The Idaho Cobalt Project, located in east central Idaho, is a unique 100% owned primary cobalt deposit with production estimates of over 1,500 tonnes of high-grade cobalt per year. The project is in the final feasibility and advanced permitting stage.
Cobalt is an essential metal in today's society used in a wide variety of applications, including the production of "green" energy and environmentally conscious products such as hybrid electric vehicles. It is also considered a strategic commodity by the US government. There is no current domestic primary production of cobalt - the US must rely almost entirely on foreign sources for all of its supply. The cobalt project's output will be equivalent to 3.3% of the entire global cobalt supply and it will be able to feed 15% of the North American demand for cobalt.
The Idaho Cobalt Project will strengthen the local economies around Salmon and Challis by creating 157 high-paying jobs and an additional 39 jobs in northern Idaho. This represents an annual payroll of approximately $9.5 million dollars a year generating over $8 million dollars paid annually in taxes with a significant portion of that going to Lemhi & Shoshone Counties helping to support vital local services.
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